Qualys Inc. ($QLYS) Stock Forecast: Down 6.9% Today

What is Qualys Inc.?

Qualys (QLYS) is a cybersecurity company specializing in cloud security and compliance services for businesses. The cybersecurity sector has been receiving favorable market sentiment largely due to the growing significance of data protection and cybersecurity.

Why is Qualys Inc. going down?

QLYS stock is down 6.9% on Aug 7, 2024 17:06

• 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.

QLYS Price Chart

QLYS News

Qualys slides as analysts debate Q2 results, guidance

No summary available.

https://seekingalpha.com/news/4135876-qualys-slides-as-analysts-debate-q2-results-guidance?feed_item_type=news

Qualys stock target cut on billings miss, underweight rating held

https://www.investing.com/news/company-news/qualys-stock-target-cut-on-billings-miss-underweight-rating-held-93CH-3559349

https://www.investing.com/news/company-news/qualys-stock-target-cut-on-billings-miss-underweight-rating-held-93CH-3559349

Qualys ( QLYS ) Q2 Earnings Beat Estimates, Revenues Rise Y/Y

Qualys' (QLYS) second-quarter results reflect its partner ecosystem and better cost management, partially offset by the negative impact of customers transitioning from Microsoft Defender to TotalCloud CNAPP.

https://www.zacks.com/stock/news/2317716/qualys-qlys-q2-earnings-beat-estimates-revenues-rise-yy

Qualys Inc (QLYS) Q2 2024 Earnings Call Transcript Highlights: Strong Revenue Growth and ...

Qualys Inc (QLYS) Q2 2024 Earnings Call Transcript Highlights: Strong Revenue Growth and Strategic Investments

https://www.gurufocus.com/news/2495007/qualys-inc-qlys-q2-2024-earnings-call-transcript-highlights-strong-revenue-growth-and-strategic-investments

Q2 2024 Qualys Inc Earnings Call Transcript

Q2 2024 Qualys Inc Earnings Call Transcript

https://www.gurufocus.com/news/2494848/q2-2024-qualys-inc-earnings-call-transcript

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Qualys Inc. Price History

20.09.2023 - QLYS Stock was down 5.2%

• The upgrade in SentinelOne's RS Rating may have caused some investors to shift their focus towards this stock, leading to a decrease in demand for QLYS shares.
• The insider sell by Chief Legal Officer Bruce Posey could have raised concerns among investors about the company's future prospects, contributing to the bearish movement.
• The presence of other cybersecurity stocks, such as CrowdStrike, Okta, and Zscaler, near buy points may have attracted investors away from QLYS, resulting in the bearish movement.
• The constant evolution of the digital environment and the integral role of security software solutions may have increased competition in the cybersecurity market, putting pressure on QLYS's stock price.

06.01.2024 - QLYS Stock was down 10.4%

• The stock QLYS experienced a strong bearish movement today.
• The potential loss of the marketing pact with Microsoft, as highlighted in an article from Investors Business Daily, could be a significant factor contributing to the bearish market movement.
• The investigation by Block & Leviton for potential securities law violations, as mentioned in an article from GlobeNewswire and one from Benzinga, might have also negatively impacted investor sentiment and contributed to the bearish movement.
• The overall market sentiment towards QLYS seems to be influenced by concerns regarding its partnership with Microsoft and potential legal issues, leading to the bearish 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.

03.10.2023 - QLYS Stock was up 9.1%

• Qualys reported Q3 earnings in line with expectations, with revenue beating estimates.
• The company's non-GAAP EPS of $1.51 beat expectations by $0.38.
• Analysts at StockNews.com upgraded Qualys from a "hold" rating to a "buy" rating.
• The positive earnings results and analyst upgrade likely contributed to the bullish movement in Qualys' stock 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.

06.01.2024 - QLYS Stock was up 7.1%

• The bullish movement in QLYS stock today can be attributed to the following factors:
• 1. Strong Q4 Earnings: Varonis Systems (VRNS), a competitor in the cybersecurity industry, reported better-than-expected earnings and revenue for the quarter. This positive news likely had a spillover effect on QLYS, indicating a positive sentiment towards the sector.
• 2. Potential Topline Risks: A report from Morgan Stanley flagged potentially material topline risks for Qualys due to the loss of its partnership with Microsoft. However, despite this concern, investors may have reacted positively to the news as it could lead to Qualys exploring new partnerships and revenue streams.
• 3. Investigation for Securities Law Violations: While this news might typically have a negative impact on a company's stock, the investigation by Block & Leviton into potential securities law violations at Qualys may have been overshadowed by the positive earnings surprise from Varonis Systems. Investors may have chosen to focus on the company's financial performance rather than the investigation news.
• 4. Downgrade with Revenue Growth Concerns: Another article highlighted a downgrade for Qualys, suggesting that revenue growth may sag in the future. However, this news may not have had a significant impact on the stock's bullish movement today, as investors may have been more influenced by the positive earnings surprise and potential for new partnerships.
• Overall, the bullish movement in QLYS stock today can be attributed to the positive earnings surprise from a competitor, potential for new partnerships despite the loss of the Microsoft partnership, and investors' focus on financial performance rather than the investigation and downgrade news.

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.