Market Overview

Qualys Analyst Review: Expansion Expected To Continue

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Shares of Qualys Inc (NASDAQ: QLYS) jumped nealy 10 percent on Tuesday morning.

 The cloud based software provider of Vulnerability Management, it's core business which accounts for 82 percent of revenue (down from 84 percent), continues to accelerate and aid EPS growth as the company sells its new products to existing customers

Pacific Crest analysts are skeptical of the greater than 50 percent YoY growth in web application scanning and policy compliance.  Qualys' systems are still in the early stages of their maturity and should not be viewed as a near-term catalyst.  Pac-Crest sees cross-selling as a great opportunity for organic Qualys growth which led to the research firms increase in FY2014 non-GAAP EPS from $0.25 to $0.34.  The cross-selling as enabled 44 percent of Qualys' installed base to purchase multiple services.  

JMP Securities is maintaining it's Market Outperform rating and raising it's price target by $5 to $30.  Strength from cross-selling and the potential for momentum to be unlocked has analysts bullish early.  

Credit Suisse has decided to raise it's price target by $2 to $22 while lowering guidance. Credit Suisse likes the "increased adoptions of the QualysGuard Cloud Platform"  and see the company as "well positioned to defend and expand it's leadership" in the blossoming Security-As-A-Service market.  While reiterating a Neutral rating, Credit Suisse raises its FY2014 EPS forecast from $0.25 to $0.33 and revenues from $130.5M to $131.9M.

BMO Capital markets see product diversity being well received by clients as purchases and user numbers from Qualys new products grows.  

 

Research Firm Price Target Rating
BMO Capital $26 Market Perform
Pacific Crest N/A Sector Perform
JMP Securities $30 Market Perform

Mid day on Tuesday, shares of Qualys were trading up roughly 13 percent to $28.62

Latest Ratings for QLYS

DateFirmActionFromTo
Mar 2019Summit Insights GroupDowngradesBuyHold
Feb 2019BerenbergDowngradesBuyHold
Feb 2019BTIG ResearchDowngradesBuyNeutral

View More Analyst Ratings for QLYS
View the Latest Analyst Ratings

Posted-In: BMO Capital Markets Credit Suisse JMP Securities Pacific CrestAnalyst Color Analyst Ratings

 

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