Wall Street analysts forecast that Qualys Inc (NASDAQ:QLYS) will post sales of $74.20 million for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Qualys’ earnings. The highest sales estimate is $74.40 million and the lowest is $74.02 million. Qualys reported sales of $62.92 million in the same quarter last year, which indicates a positive year over year growth rate of 17.9%. The business is expected to announce its next quarterly earnings report on Monday, February 11th.

According to Zacks, analysts expect that Qualys will report full year sales of $278.91 million for the current financial year, with estimates ranging from $278.71 million to $279.10 million. For the next year, analysts forecast that the business will report sales of $330.27 million, with estimates ranging from $327.06 million to $334.56 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Qualys.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Tuesday, October 30th. The software maker reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.11. Qualys had a return on equity of 14.18% and a net margin of 17.10%. The company had revenue of $71.70 million during the quarter, compared to analysts’ expectations of $71.22 million. During the same period in the previous year, the firm posted $0.31 earnings per share. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year.

A number of equities analysts have recently weighed in on the company. BidaskClub raised Qualys from a “hold” rating to a “buy” rating in a report on Saturday. Berenberg Bank assumed coverage on Qualys in a report on Thursday, November 29th. They issued a “buy” rating and a $96.00 price target for the company. BTIG Research raised Qualys from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a report on Tuesday, November 20th. Wedbush reissued a “buy” rating and issued a $95.00 price target on shares of Qualys in a report on Friday, November 16th. Finally, Zacks Investment Research raised Qualys from a “hold” rating to a “strong-buy” rating and set a $84.00 price target for the company in a report on Wednesday, November 7th. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $88.13.

Shares of NASDAQ QLYS traded up $2.98 during trading on Tuesday, reaching $74.24. The company had a trading volume of 17,070 shares, compared to its average volume of 330,100. Qualys has a twelve month low of $57.20 and a twelve month high of $98.30. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 82.49 and a beta of 1.37.

In other Qualys news, Director Jeffrey P. Hank sold 11,250 shares of the company’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $72.04, for a total transaction of $810,450.00. Following the completion of the sale, the director now directly owns 19,993 shares in the company, valued at $1,440,295.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Melissa B. Fisher sold 1,500 shares of the company’s stock in a transaction dated Monday, October 8th. The stock was sold at an average price of $81.30, for a total value of $121,950.00. Following the sale, the chief financial officer now owns 121,330 shares of the company’s stock, valued at $9,864,129. The disclosure for this sale can be found here. Insiders sold 33,167 shares of company stock valued at $2,481,169 over the last quarter. Insiders own 18.60% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Metropolitan Life Insurance Co. NY increased its stake in Qualys by 6.7% during the second quarter. Metropolitan Life Insurance Co. NY now owns 10,862 shares of the software maker’s stock worth $916,000 after acquiring an additional 678 shares during the last quarter. Swiss National Bank increased its stake in Qualys by 1.2% during the third quarter. Swiss National Bank now owns 57,800 shares of the software maker’s stock worth $5,150,000 after acquiring an additional 700 shares during the last quarter. Comerica Bank increased its stake in Qualys by 2.3% during the second quarter. Comerica Bank now owns 34,997 shares of the software maker’s stock worth $3,314,000 after acquiring an additional 775 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Qualys by 22.2% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,855 shares of the software maker’s stock worth $409,000 after acquiring an additional 881 shares during the last quarter. Finally, New York State Teachers Retirement System increased its stake in Qualys by 3.6% during the second quarter. New York State Teachers Retirement System now owns 25,740 shares of the software maker’s stock worth $2,170,000 after acquiring an additional 901 shares during the last quarter. Institutional investors own 82.69% of the company’s stock.

About Qualys

Qualys, Inc provides cloud-based security and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Asset Inventory, CMDB Sync, Vulnerability Management, Continuous Monitoring, Cloud Agent, Threat Protection, Security Configuration Assessment, Indication of Compromise, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, File Integrity Monitoring, Web Application Scanning, and Web Application Firewall.

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