Qualys Inc (QLYS) is Reiterated by Wunderlich to Hold, Raises Price Target to $ 31

Qualys Inc (QLYS) was Reiterated by Wunderlich to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 31 from a previous price target of $26 . Wunderlich advised their investors in a research report released on Aug 4, 2016.

On the company’s financial health, Qualys Inc reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.17. The company had revenue of $48.40 million for the quarter, compared to analysts expectations of $47.99 million. The company’s revenue was up 21.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.

Qualys Inc closed down -0.58 points or -1.84% at $30.95 with 3,80,144 shares getting traded on Tusday. Post opening the session at $31.53, the shares hit an intraday low of $30.88 and an intraday high of $31.55 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Dec 15, 2015, Donald C Mccauley (Chief Financial Officer) sold 25,000 shares at $35.14 per share price. According to the SEC, on Nov 24, 2015, Sumedh S Thakar (Chief Product Officer) sold 1,951 shares at $38.09 per share price. On Jul 8, 2015, Amer Deeba (VP Corp Dev & Strat Alliances) sold 2,000 shares at $37.94 per share price, according to the Form-4 filing with the securities and exchange commission.

Qualys Inc. is a provider of cloud security and compliance solutions. The Company’s solutions enable organizations to identify security risks to their information technology (IT) infrastructures help protect their IT systems and applications from cyber attacks. Its suite of security and compliance solutions delivered on its QualysGuard Cloud Platform enables its customers to identify their IT assets collect and analyze IT security data discover and prioritize vulnerabilities recommend remediation actions and verify the implementation of such actions. It provides its solutions through a software-as-a-service model. Its QualysGuard Cloud Suite includes seven solutions: Vulnerability Management Policy Compliance Payment card industry (PCI) Compliance Web Application Scanning Malware Detection Service Web Application Firewall and Qualys SECURE Seal.

Qualys Inc

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