UPDATE: Credit Suisse Initiates Qualys at Neutral on Leverage to Growth
Credit Suisse initiated coverage on Qualys (NASDAQ: QLYS) with a Neutral rating and a $15 price target.
Credit Suisse commented, "Software-as-a-service has already overcome the initial hurdles of establishing the on-demand model as a viable alternative to the traditional on-premise, license-based solutions. Given that many of the concerns about security, performance, availability, and reliability of on-demand offerings have been addressed, security-asa-service has also begun to make greater inroads into large enterprises, which brings significant opportunity for on-demand security vendors such as Qualys."
Qualys closed at $14.89 on Monday.
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