Qualys Inc. ($QLYS) Stock Forecast: Up 5.1% Today

What is Qualys Inc.?

Qualys (QLYS) is a technology company listed on the NASDAQ exchange. The company provides cloud security and compliance solutions to businesses worldwide.

Why is Qualys Inc. going up?

QLYS stock is up 5.1% on Nov 7, 2024 18:56

• Qualys (QLYS) witnessed a notable uptrend today after exceeding expectations in its third-quarter financial results and raising FY24 guidance.
• The earnings of $1.56 per share outperformed the analyst consensus of $1.33 per share, reflecting the company's robust performance.
• Strong revenue growth among channel partners and effective management of rising sales and marketing expenses were key factors driving the positive market sentiment.
• Upward revisions in projections for Qualys by analysts bolstered investor confidence in the company's future outlook, contributing to the bullish market movement.

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QLYS Technical Analysis

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Company News for Nov 7, 2024

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https://www.zacks.com/stock/news/2366277/company-news-for-nov-7-2024

These Analysts Boost Their Forecasts On Qualys Following Upbeat Earnings - Qualys ( NASDAQ:QLYS )

Qualys, Inc. QLYS reported better-than-expected third-quarter financial results and raised its FY24 guidance on Tuesday. Qualys reported quarterly earnings of $1.56 per share which beat the analyst consensus estimate of $1.33 per share.

https://www.benzinga.com/news/earnings/24/11/41784696/these-analysts-boost-their-forecasts-on-qualys-following-upbeat-earnings

Qualys Q3 Earnings Beat: Will Upbeat Guidance Lift the Stock?

QLYS' third-quarter 2024 earnings reflect the benefits of revenue growth across channel partners, offset by increasing sales and marketing expenses.

https://www.zacks.com/stock/news/2365167/qualys-q3-earnings-beat-will-upbeat-guidance-lift-the-stock

Qualys ( QLYS ) Beats Q3 Earnings and Revenue Estimates

Qualys (QLYS) delivered earnings and revenue surprises of 17.29% and 2.20%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2364725/qualys-qlys-beats-q3-earnings-and-revenue-estimates

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Qualys Inc. Price History

07.10.2024 - QLYS Stock was up 5.1%

• Better-than-expected third-quarter financial results and increased FY24 guidance by Qualys resulted in heightened investor confidence.
• Revenue growth through channel partners led to strong earnings for the company, contributing to the positive market trend.
• Qualys' optimistic future performance guidance provided reassurance to investors and analysts, bolstering the positive sentiment.
• In conclusion, Qualys' exceptional performance and positive outlook drove a significant bullish movement in the stock today.

06.10.2024 - QLYS Stock was up 26.9%

• QLYS stock has seen a strong bullish movement after surpassing Q3 earnings expectations and providing optimistic guidance, reflecting strong investor confidence in the company's performance.
• Revenue growth among channel partners and surpassing earnings and revenue projections for the quarter ended September 2024 have had a positive impact on the stock.
• The market is responding favorably to Qualys's effective management of rising sales and marketing expenses while delivering impressive financial results, signaling a promising future outlook for the company.

05.10.2024 - QLYS Stock was up 5.3%

• Qualys (QLYS) saw significant bullish movement today.
• Anticipation surrounding Qualys' Q3 earnings report, driven by the rising demand for cybersecurity solutions, likely influenced the positive market trend.
• Investor confidence in Qualys' cybersecurity sector performance is propelling the stock price upward.
• The increasing significance of cybersecurity in the digital realm may be drawing more investors towards companies like Qualys, enhancing its market performance.

07.10.2024 - QLYS Stock was up 5.1%

• Qualys (QLYS) witnessed a notable uptrend today after exceeding expectations in its third-quarter financial results and raising FY24 guidance.
• The earnings of $1.56 per share outperformed the analyst consensus of $1.33 per share, reflecting the company's robust performance.
• Strong revenue growth among channel partners and effective management of rising sales and marketing expenses were key factors driving the positive market sentiment.
• Upward revisions in projections for Qualys by analysts bolstered investor confidence in the company's future outlook, contributing to the bullish market movement.

08.01.2024 - QLYS Stock was down 8.4%

• The bearish movement in QLYS stock today could be attributed to the following factors:
• 1. Disappointing Q4 Earnings: Despite surpassing earnings estimates, the stock may have been affected by the slight revenue miss, causing some investors to sell off their positions.
• 2. Shareholder Investigations: The ongoing investigations by law firms into potential claims against Qualys could have created uncertainty and negative sentiment among investors, leading to the bearish market movement.
• 3. Market Correction: After experiencing significant gains in the previous quarter, the overall market may have undergone a correction, which impacted QLYS stock along with other companies.
• 4. Lack of Positive Catalysts: The absence of any significant positive news or developments specific to Qualys might have contributed to the bearish movement, as investors may have been looking for additional reasons to hold or buy the stock.

08.04.2024 - QLYS Stock was down 8.3%

• Qualys surpassed earnings and revenue estimates for Q1 2024 but the stock experienced a bearish movement.
• Strong financial results, revenue growth, and raised EPS guidance for 2024 did not result in a positive market response.
• Despite notable relative price performance by Qualys, it may not have been enough to counter broader market factors affecting the bearish movement.
• The discrepancy between strong financial performance and the stock's market movement suggests external market conditions or investor sentiment possibly influenced the bearish trend for Qualys today.

07.01.2024 - QLYS Stock was up 5.0%

• Qualys stock surged after pushing up its earnings release date, indicating positive news about the company's financial performance.
• However, the stock faced a potential setback as Morgan Stanley flagged potentially material topline risks from the loss of its partnership with Microsoft, causing a slight decline in the stock.
• The downgrade by an analyst predicting the end of the Microsoft partnership further added to the negative sentiment around Qualys stock.
• The positive earnings and revenue surprises from Varonis Systems (VRNS), a competitor in the cybersecurity industry, may have also influenced the market movement as investors compared the performance of the two companies.

09.01.2024 - QLYS Stock was up 5.5%

• The bullish movement in QLYS stock today can be attributed to several factors:
• 1. Strong earnings growth: The article mentions that Qualys reported strong Q4 growth, indicating positive financial performance. This likely boosted investor confidence and contributed to the bullish movement.
• 2. Expansion of share repurchase program: The news of Qualys expanding its share repurchase program suggests that the company is confident in its future prospects. This announcement may have attracted investors and contributed to the bullish market movement.
• 3. Surging demand for security products: The article highlights the growing demand for security and networking products, driven by the hybrid working trend and accelerated digital transformation. As a provider of security solutions, Qualys is well-positioned to benefit from this trend, which may have positively influenced the stock's performance.
• Overall, the combination of strong earnings growth, the expansion of the share repurchase program, and the favorable market conditions for security products likely contributed to the bullish movement in QLYS stock today.

11.06.2024 - QLYS Stock was up 5.1%

• The bullish movement in Qualys Inc. (QLYS) could be attributed to positive industry outlook, as highlighted alongside Varonis Systems.
• The comparison of CrowdStrike Holdings with its peers in the Software sector might have indirectly boosted confidence in cybersecurity companies like Qualys, leading to increased investor interest.
• The focus on overlooked AI stocks in the market could have created a ripple effect, drawing attention to tech companies like Qualys that operate in the cybersecurity and cloud-based services space.
• Overall, the market sentiment towards cybersecurity and tech companies, coupled with industry analysis investor interest in AI-related stocks, likely contributed to the bullish movement in Qualys Inc.

01.07.2024 - QLYS Stock was down 5.0%

• Qualys (QLYS) saw a decline in its stock price today despite recent positive developments such as expanding the TruRisk Eliminate platform and introducing new cybersecurity solutions.
• The market reaction may be attributed to profit-taking activities by investors following a period of strong gains or concerns regarding the company's competitive positioning in the dynamic cybersecurity industry.
• While the cybersecurity sector presents significant long-term growth opportunities, short-term stock movements can be influenced by multiple factors, including investor sentiment and overall market conditions.
• Investors are advised to monitor Qualys' financial performance and market positioning in the near future to assess the impact of its latest product offerings on the company's stock performance.

07.07.2024 - QLYS Stock was down 6.9%

• Recently, Qualys stock faced a downturn as analysts deliberated over the company's Q2 results and guidance. This led to a reduction in target price accompanied by an underweight rating.
• Despite surpassing earnings expectations and displaying revenue growth, concerns regarding billings and customer transitions had a negative impact on the stock.
• The market's reaction to uncertainties surrounding Qualys' billing performance and customer transitions potentially contributed to the stock's decline.
• Investors seem to be exercising caution regarding Qualys' capability to sustain growth and profitability amid these challenges, which in turn has caused the stock to exhibit a bearish trend.

07.07.2024 - QLYS Stock was down 5.3%

• The company's stock saw a reduction in its target price following a shortfall in billings, even though it was already rated as underweight, potentially influencing the bearish trend observed.
• Despite reporting strong revenue growth and surpassing earnings projections in Q2, concerns arose among investors due to potential negative effects from clients transitioning from Microsoft Defender to TotalCloud CNAPP.
• It appears that the positive aspects highlighted in the earnings call, focusing on strategic investments and revenue growth, were overshadowed by the news of the billings miss and target price reduction.
• The conflicting reactions of analysts and investors to the Q2 earnings beat and revenue increase likely generated uncertainty and selling pressure, contributing to the decline in QLYS stock performance today.