Qualys

Qualys, Inc. engages in the provision of cloud security and compliance solutions. Its products enable organizations to identify security risks to information technology infrastructures, help protect information technology systems and applications from cyber attacks, and achieve compliance with internal policies and external regulations. The firm also offers solutions through a software-as-a-service model, primarily with renewable annual subscriptions. The company was founded on December 30, 1999 and is headquartered in Foster City, CA.

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Qualys reports solid Q4 earnings, eyes SME market growth

Qualys showcased strong financial performance in Q4 2022, despite facing challenges in sales execution. The company is focusing on optimizing investments for long-term growth and expanding its sales force for better sales enablement. Opportunities in the SME and SMB space are expected to drive growth in 2023.

Qualys reports robust Q1 earnings, eyes accelerated growth opportunities

Qualys demonstrated strong financial performance in Q1 2023, with revenue growth and profitability exceeding expectations.
While facing challenges in new business acquisition, the company remains focused on maintaining growth and profitability.
Opportunities lie in accelerating billings growth, improving sales execution, and expanding product offerings to meet market demands.
Qualys' proactive approach to cybersecurity and strategic investments position it well for future growth and market leadership.

Qualys reports solid Q2 growth, eyes new revenue opportunities

Qualys demonstrated strong financial performance with revenue growth and improved profitability in Q2 2023.
The company's strengths lie in customer wins, TotalCloud adoption, and industry recognition.
Challenges include customer adoption uncertainties and impact assessment of new offerings.
Opportunities exist in leveraging deployments, focusing on key growth areas, and responsible investments.

Qualys reports robust Q3 earnings, eyes growth through cloud solutions

Qualys delivered strong financial results in Q3 2023, showcasing growth in revenues, adjusted EBITDA, and EPS, driven by customer adoption of VMDR and strategic wins.
The company's focus on cloud-native solutions, partnerships with key providers, and innovative product offerings position it well for future growth and market leadership.
While facing challenges in net dollar expansion and competitive dynamics, Qualys has opportunities to capitalize on market trends, expand its product portfolio, and enhance customer value.
Balancing financial performance with strategic investments, Qualys aims to maintain its position as a leading provider of comprehensive cybersecurity solutions in a competitive landscape.

Qualys reports robust 2023 performance, eyes growth through innovation

Qualys delivered strong financial results in Q4 2023, highlighting product success and strategic partnerships. The company aims to capitalize on growth opportunities through new product offerings and market expansion.

Qualys reports strong Q1 results, focuses on international growth

Qualys demonstrated solid financial performance in Q1 2024 with revenue growth, profitability, and cash flow improvements.
The company's strategic initiatives to enhance the platform, expand partnerships, and focus on international growth position it for future success.
While facing challenges in margin management and cost control, Qualys has opportunities to drive growth through new customer acquisition and market expansion.
Overall, Qualys' outlook for 2024 remains positive, with a narrowed revenue guidance and strategic investments in sales and marketing to drive business growth.

Qualys reports 8% revenue growth, focuses on innovation and partnerships

Qualys navigated challenges in upsell execution but remains focused on reaccelerating growth through innovative security solutions and strategic partnerships.
Despite the impact of the Microsoft Defender transition on billings, the company is optimistic about growth opportunities in enterprise segments and margin optimization strategies.
Customer conversations post-transition and the focus on enterprise customers signal a proactive approach to addressing market dynamics and sustaining growth.

Qualys reports robust Q3 earnings, eyes federal growth opportunities

Overall, Qualys demonstrated strong financial performance, customer wins, and strategic initiatives in the cybersecurity space. With revenue expected to reach $602.9 million to $605.9 million for full year 2024, the company is well-positioned for continued success.

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Berquist brings expertise in leading enterprise cloud software organizations FOSTER CITY, Calif. , Aug. 25, 2023 /PRNewswire/ -- Qualys, Inc. (NASDAQ: QLYS), a pioneer and leading provider of disruptive cloud-based IT, security and compliance solutions, today announced Tom Berquist joined its Board of Directors.

Qualys Appoints Tom Berquist to its Board of Directors

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FOSTER CITY, Calif. , Aug. 21, 2023 /PRNewswire/ --  Qualys, Inc. (NASDAQ: QLYS), a pioneer and leading provider of disruptive cloud-based IT, security and compliance solutions, today announced the publication of its inaugural Environmental, Social, and Governance (ESG) Report, showcasing its robust adherence to responsible business practices and sustainable operations.

Qualys Drives Responsible Business Practices and Sustainability Through Inaugural ESG Report

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Qualys, Inc. (NASDAQ:QLYS ) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET Company Participants Blair King – Vice President-Investor Relations and Corporate Development Sumedh Thakar – President and Chief Executive Officer Joo Mi Kim – Chief Financial Officer Conference Call Participants Jonathan Ho – William Blair Anushtha Mittal – RBC Capital Markets Rudy Kessinger – D.A. Davidson Mike Walkley – Canaccord Genuity Yun Kim – Loop Capital Markets Matt Saltzman – Morgan Stanley Operator Good day and thank you for standing by.

Qualys, Inc. (QLYS) Q2 2023 Earnings Call Transcript

Qualys (QLYS) came out with quarterly earnings of $1.27 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $0.89 per share a year ago.

Qualys (QLYS) Q2 Earnings and Revenues Top Estimates

Revenue Growth of 14% Year-Over-Year GAAP EPS: $0.95; Non-GAAP EPS: $1.27 Raises 2023 GAAP EPS Guidance to $3.07-$3.22 Raises 2023 Non-GAAP EPS Guidance to $4.50-$4.65 FOSTER CITY, Calif. , Aug. 3, 2023 /PRNewswire/ -- Qualys, Inc. (NASDAQ: QLYS), a pioneer and leading provider of disruptive cloud-based IT, security and compliance solutions, today announced financial results for the second quarter ended June 30, 2023.

Qualys Announces Second Quarter 2023 Financial Results

New solution enables application security teams to detect, prioritize and remediate vulnerabilities within company developed software and embedded open source components FOSTER CITY, Calif. , Aug. 3, 2023 /PRNewswire/ -- Qualys, Inc. (NASDAQ: QLYS), a pioneer and leading provider of disruptive cloud-based IT, security and compliance solutions, today announced it is opening up its award winning risk management platform to AppSec teams to bring their own detections to assess, prioritize and remediate the risk associated with first-party software and its embedded open source components.

Qualys Announces Ground-Breaking First-Party Software Risk Management Solution

Mazars integrates Qualys' cybersecurity solutions to provide customers with award-winning assessment, remediation and response for enhanced protection FOSTER CITY, Calif. , Aug. 2, 2023 /PRNewswire/ -- Qualys, Inc. (NASDAQ: QLYS), a pioneer and leading provider of disruptive cloud-based IT, security, and compliance solutions, today announced that its industry-leading capabilities including Qualys Vulnerability Management, Detection and Response (VMDR) will be included in Mazars' Cybersecurity Managed Services.

Mazars Partners with Qualys to Expand its Enterprise Managed Cybersecurity Services to Deliver Risk-based Outcomes

FOSTER CITY, Calif. , July 20, 2023 /PRNewswire/ -- Qualys, Inc. (NASDAQ: QLYS), a pioneer and leading provider of disruptive cloud-based IT, security and compliance solutions, today announced that the company will report its financial results for the second quarter 2023 after the market closes on Thursday, August 3, 2023.

Qualys to Report Second Quarter 2023 Financial Results on August 3, 2023

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Qualys Vulnerability Management, Detection and Response (VMDR) recognized by SC Awards and G2 for driving exceptional results in reducing cyber risk FOSTER CITY, Calif. , July 12, 2023 /PRNewswire/ -- Qualys, Inc. (NASDAQ: QLYS), a pioneer and leading provider of disruptive cloud-based IT, security, and compliance solutions, today announced that Qualys Vulnerability Management, Detection and Response (VMDR) was named the winner of the Best Vulnerability Management Solution category at the 2023 SC Awards Europe.

Qualys Wins Best Vulnerability Management Solution Category in the SC Awards Europe 2023

Seasoned sales leader to help accelerate Qualys' next phase of global growth   FOSTER CITY, Calif. , July 10, 2023 /PRNewswire/ -- Qualys, Inc. (NASDAQ: QLYS), a pioneer and leading provider of disruptive cloud-based IT, security, and compliance solutions, announced Dino DiMarino has been appointed as Chief Revenue Officer (CRO).

Qualys Names Dino DiMarino Chief Revenue Officer

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Qualys, Inc., a cloud platform provider offering IT, security, and compliance solutions, is expected to hire more employees and continue investing in research and development. The company serves a wide range of clients, including blue-chip companies, and operates in a growing target market with a total addressable market expected to increase by 1.42x from 2023 to 2026. Despite risks from lack of innovation and reduced IT spending, Qualys' solid growth strategy, well-known clients, and strong financial position make it an attractive investment opportunity.

Qualys: With Risks, It Is A Cheap Cloud Cybersecurity Trade

I expect Qualys to remain resilient and experience growth in revenue and EPS due to the ongoing demand for consolidating IT security needs into a single platform. The target price for FY 2023 is set at $165 per share, implying a ~28% upside, and the stock is assigned an overweight rating. There is a risk of slowdown due to intensive upselling activities yet limited acquisition of new customers.

Qualys: Resilient Growth With Minimal Downside Risk

Qualys, a cybersecurity and compliance company, has shown steady growth in revenue, EBITDA, and earnings over the past decade, making it an outstanding growth stock. QLYS has a growth strategy that includes continued innovation, expanding its existing customer base, capturing new customers, and looking for acquisitions to complement its cloud platform. Despite a high valuation, Qualys is rated a strong buy by Seeking Alpha analysts and has strong institutional investor support.

Qualys: A Small-Cap, IT Stock Delivering Strong And Steady Growth

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Qualys, Inc. (NASDAQ:QLYS ) Q1 2023 Earnings Conference Call May 4, 2023 5:00 PM ET Company Participants Blair King - Vice President, Investor Relations & Corporate Development Sumedh Thakar - President & Chief Executive Officer Joo Mi Kim - Chief Financial Officer Conference Call Participants Matt Saltzman - Morgan Stanley Brian Essex - JPMorgan Alex Henderson - Needham & Company Rudy Kessinger - D.A. Davison Josh Tilton - Wolfe Research Operator Thank you for standing by.

Qualys, Inc. (QLYS) Q1 2023 Earnings Call Transcript

Qualys (QLYS) came out with quarterly earnings of $1.09 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $0.89 per share a year ago.

Qualys (QLYS) Surpasses Q1 Earnings and Revenue Estimates

Revenue Growth of 15% Year-Over-Year GAAP EPS: $0.77; Non-GAAP EPS: $1.09 Raises 2023 GAAP EPS Guidance to  $2.58 -$2.73 Raises 2023 Non-GAAP EPS Guidance to  $4.13-$4.28 FOSTER CITY, Calif. , May 4, 2023 /PRNewswire/ -- Qualys, Inc. (NASDAQ: QLYS), a pioneer and leading provider of disruptive cloud-based IT, security and compliance solutions, today announced financial results for the first quarter ended March 31, 2023.

Qualys Announces First Quarter 2023 Financial Results

Cowbell adds Qualys External Attack Surface Management (EASM) real-time intelligence feed to assess clients' risk posture FOSTER CITY, Calif. , April 27, 2023 /PRNewswire/ -- Qualys, Inc. (NASDAQ: QLYS), a pioneer and leading provider of disruptive cloud-based IT, security and compliance solutions, and Cowbell, a leading provider of cyber insurance today announced they are expanding their partnership, adding a real-time attack surface intelligence feed from Qualys' External Attack Surface Management (EASM) to assess customer cyber risk for cyber insurance purposes.

Qualys and Cowbell Expand Partnership to Continuously Assess Risk for Adaptive Cyber Insurance

FOSTER CITY, Calif. , April 20, 2023 /PRNewswire/ -- Qualys, Inc. (NASDAQ: QLYS), a pioneer and leading provider of disruptive cloud-based IT, security and compliance solutions, today announced that the company will report its financial results for the first quarter 2023 after the market closes on Thursday, May 4, 2023.

Qualys to Report First Quarter 2023 Financial Results on May 4, 2023

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Qualys has managed amazingly consistent profitable revenue growth over the past decade. Competition is fierce, but the company maintains strong revenue retention and margin profiles.

News for Qualys Stock (QLYS)