Somewhat Favorable News Coverage Somewhat Unlikely to Impact Qualys (QLYS) Share Price
Media coverage about Qualys (NASDAQ:QLYS) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Qualys earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the software maker an impact score of 45.7468409713855 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern’s rankings:
- Cubist Systematic Strategies LLC Takes Position in Qualys Inc (QLYS) – Investor Newswire (investornewswire.com)
- Zacks Investment Research Lowers Qualys (QLYS) to Hold (americanbankingnews.com)
- Brokerages Expect Qualys Inc (QLYS) Will Post Quarterly Sales of $61.98 Million (americanbankingnews.com)
- Qualys Inc (QLYS) VP Sells $121,300.00 in Stock (americanbankingnews.com)
- $0.28 EPS Expected for Qualys Inc (QLYS) This Quarter (americanbankingnews.com)
Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Qualys from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Needham & Company LLC restated a “buy” rating and set a $70.00 target price (up from $65.00) on shares of Qualys in a research report on Wednesday, November 1st. Northland Securities set a $48.00 target price on shares of Qualys and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Summit Redstone upgraded shares of Qualys from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Wednesday, November 1st. Finally, KeyCorp reiterated a “hold” rating on shares of Qualys in a research report on Friday, October 27th. Twelve research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Qualys has an average rating of “Hold” and an average price target of $54.85.
Shares of Qualys (NASDAQ QLYS) opened at $62.95 on Wednesday. The company has a market cap of $2,390.00, a P/E ratio of 56.71, a PEG ratio of 5.07 and a beta of 0.88. Qualys has a 1 year low of $32.40 and a 1 year high of $64.40.
Qualys (NASDAQ:QLYS) last announced its earnings results on Tuesday, October 31st. The software maker reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.10. Qualys had a net margin of 19.76% and a return on equity of 14.81%. The firm had revenue of $59.49 million for the quarter, compared to analyst estimates of $58.59 million. During the same quarter last year, the business earned $0.22 earnings per share. Qualys’s revenue was up 16.7% compared to the same quarter last year. research analysts expect that Qualys will post 0.65 EPS for the current fiscal year.
In related news, Chairman Philippe F. Courtot sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $56.01, for a total transaction of $1,120,200.00. Following the sale, the chairman now owns 5,544,435 shares in the company, valued at $310,543,804.35. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Amer Deeba sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $60.65, for a total transaction of $121,300.00. Following the sale, the vice president now owns 66,644 shares in the company, valued at approximately $4,041,958.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 555,916 shares of company stock worth $32,517,266. 20.90% of the stock is owned by company insiders.
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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