Qualys Inc (QLYS) was Resumed by Wunderlich to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 43 from a previous price target of $31 . Wunderlich advised their investors in a research report released on Sep 13, 2016.
Many Wall Street Analysts have commented on Qualys Inc. Company shares were Reiterated by First Analysis Sec on Sep 12, 2016 to “Overweight”, Firm has raised the Price Target to $ 41 from a previous price target of $36 .Company shares were Reiterated by Wunderlich on Aug 4, 2016 to “Hold”, Firm has raised the Price Target to $ 31 from a previous price target of $26 .
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 opened for trading at $35.08 and hit $35.58 on the upside on Monday, eventually ending the session at $35.52, with a gain of 0.42% or 0.15 points. The heightened volatility saw the trading volume jump to 241,522 shares. Company has a market cap of $1,256 M.
In a different news, on Sep 6, 2016, Amer Deeba (VP Corp Dev & Strat Alliances) sold 2,000 shares at $34.68 per share price. According to the SEC, on Aug 23, 2016, Sumedh S Thakar (Chief Product Officer) sold 10,200 shares at $35.03 per share price. On Aug 18, 2016, Howard A Schmidt (director) sold 14,000 shares at $32.65 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.