Qualys (NASDAQ:QLYS) updated its FY18 earnings guidance on Monday. The company provided earnings per share guidance of $1.39-1.44 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.17. The company issued revenue guidance of $275.5-278.5 million, compared to the consensus revenue estimate of $267.65 million.Qualys also updated its Q1 guidance to $0.32-0.34 EPS.

Several equities analysts recently issued reports on the company. Zacks Investment Research cut Qualys from a buy rating to a hold rating in a report on Thursday, January 4th. Needham & Company LLC reiterated a buy rating and issued a $70.00 price target (up previously from $65.00) on shares of Qualys in a report on Wednesday, November 1st. Northland Securities set a $48.00 price target on Qualys and gave the company a buy rating in a report on Wednesday, October 18th. Summit Redstone upgraded Qualys from a hold rating to a buy rating and set a $65.00 price target on the stock in a report on Wednesday, November 1st. Finally, KeyCorp reiterated a hold rating on shares of Qualys in a report on Friday, October 27th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $56.33.

Shares of Qualys (QLYS) traded up $2.70 on Monday, reaching $62.60. The company’s stock had a trading volume of 795,022 shares, compared to its average volume of 214,363. Qualys has a 12-month low of $33.75 and a 12-month high of $65.25. The company has a market capitalization of $2,271.38, a PE ratio of 54.45, a P/E/G ratio of 4.80 and a beta of 1.02.

In other news, insider Sumedh S. Thakar sold 9,801 shares of Qualys stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $58.70, for a total transaction of $575,318.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Philippe F. Courtot sold 40,000 shares of Qualys stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $57.78, for a total value of $2,311,200.00. Following the transaction, the chairman now owns 5,564,435 shares in the company, valued at approximately $321,513,054.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 415,023 shares of company stock worth $24,595,631. Company insiders own 20.90% of the company’s stock.

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Qualys Company Profile

Qualys, Inc is a provider of cloud-based 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 Qualys 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.

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