What’s Ahead for Qualys, Inc. (QLYS) After Reaching 52-Week High?

February 24, 2018 - By Stephen Andrade

Investors sentiment increased to 1.63 in 2017 Q3. Its up 0.19, from 1.44 in 2017Q2. It improved, as 15 investors sold Qualys, Inc. shares while 42 reduced holdings. 32 funds opened positions while 61 raised stakes. 27.02 million shares or 3.61% more from 26.08 million shares in 2017Q2 were reported.
5,227 are owned by Oppenheimer Asset Mngmt. 4,320 are held by Amalgamated Natl Bank. Parametric Assocs Ltd Liability Corp invested 0% in Qualys, Inc. (NASDAQ:QLYS). Bamco New York invested in 0.2% or 831,600 shares. Tiaa Cref Invest Management Ltd Liability Com holds 0.01% or 221,440 shares. Utd Cap Finance Advisers Limited Liability has invested 0% in Qualys, Inc. (NASDAQ:QLYS). Great West Life Assurance Can invested in 44,122 shares or 0.01% of the stock. Virginia-based Thompson Davis & has invested 0.27% in Qualys, Inc. (NASDAQ:QLYS). State Of Alaska Department Of Revenue reported 6,229 shares. Ahl Ptnrs Llp has 5,504 shares for 0.01% of their portfolio. Bnp Paribas Arbitrage stated it has 16,012 shares. Bankshares Of Nova Scotia has invested 0% of its portfolio in Qualys, Inc. (NASDAQ:QLYS). The New York-based Capital Mngmt has invested 0.08% in Qualys, Inc. (NASDAQ:QLYS). Mason Street Advsrs Ltd Liability Company holds 7,983 shares. Tiverton Asset Management Ltd Liability Corporation accumulated 0.13% or 45,576 shares.

Since September 1, 2017, it had 0 insider buys, and 12 sales for $5.08 million activity. Deeba Amer sold $121,304 worth of Qualys, Inc. (NASDAQ:QLYS) on Tuesday, January 2. On Friday, February 16 the insider Rogers Kristi Marie sold $718,651. $1.89 million worth of stock was sold by POSEY BRUCE K on Wednesday, February 14.

The stock of Qualys, Inc. (NASDAQ:QLYS) hit a new 52-week high and has $78.21 target or 4.00 % above today’s $75.20 share price. The 5 months bullish chart indicates low risk for the $2.85B company. The 1-year high was reported on Feb, 24 by Barchart.com. If the $78.21 price target is reached, the company will be worth $114.08 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 2.80% or $2.05 during the last trading session, reaching $75.2. About 314,457 shares traded or 21.88% up from the average. Qualys, Inc. (NASDAQ:QLYS) has risen 52.35% since February 24, 2017 and is uptrending. It has outperformed by 35.65% the S&P500.

Analysts await Qualys, Inc. (NASDAQ:QLYS) to report earnings on May, 1. They expect $0.24 EPS, down 57.14 % or $0.32 from last year’s $0.56 per share. QLYS’s profit will be $9.10 million for 78.33 P/E if the $0.24 EPS becomes a reality. After $0.37 actual EPS reported by Qualys, Inc. for the previous quarter, Wall Street now forecasts -35.14 % negative EPS growth.

Qualys, Inc. (NASDAQ:QLYS) Ratings Coverage

Among 22 analysts covering Qualys (NASDAQ:QLYS), 8 have Buy rating, 1 Sell and 13 Hold. Therefore 36% are positive. Qualys has $83 highest and $25 lowest target. $54.72’s average target is -27.23% below currents $75.2 stock price. Qualys had 62 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was upgraded by JP Morgan on Friday, November 4 to “Neutral”. RBC Capital Markets maintained the stock with “Hold” rating in Wednesday, October 18 report. DA Davidson initiated Qualys, Inc. (NASDAQ:QLYS) rating on Friday, October 16. DA Davidson has “Buy” rating and $51 target. The stock of Qualys, Inc. (NASDAQ:QLYS) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, February 9. The rating was reinitiated by Summit Redstone Partners with “Hold” on Friday, July 22. The rating was downgraded by J.P. Morgan on Tuesday, December 12 to “Hold”. JP Morgan maintained it with “Neutral” rating and $70 target in Tuesday, February 13 report. Wunderlich maintained the shares of QLYS in report on Tuesday, November 3 with “Buy” rating. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, October 10. Imperial Capital maintained the stock with “Outperform” rating in Tuesday, November 8 report.

More recent Qualys, Inc. (NASDAQ:QLYS) news were published by: Prnewswire.com which released: “Qualys Moves into No. 5 Position in Worldwide Security and Vulnerability …” on February 12, 2018. Also Gurufocus.com published the news titled: “Qualys Inc (QLYS) Files 10-K for the Fiscal Year Ended on December 31, 2017” on February 23, 2018. Nasdaq.com‘s news article titled: “Earnings Reaction History: Qualys Inc, 37.5% Follow-Through Indicator, 9.5 …” with publication date: January 25, 2018 was also an interesting one.

Qualys, Inc. provides cloud-based security and compliance solutions in the United States and internationally. The company has market cap of $2.85 billion. The firm offers Qualys Cloud Suite, which includes Vulnerability Management, Continuous Monitoring, Cloud Agent, AssetView, ThreatPROTECT, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, Web Application Scanning, and Web Application Firewall. It has a 74.46 P/E ratio. The Company’s integrated suite of security and compliance solutions delivered on its Qualys Cloud Platform enables clients to identify their IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions, and verify the implementation of such actions.

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