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

February 24, 2018 - By Jan Rainey

Investors sentiment increased to 1.63 in Q3 2017. Its up 0.19, from 1.44 in 2017Q2. It is positive, 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.
Renaissance Technology Limited Company has invested 0.07% of its portfolio in Qualys, Inc. (NASDAQ:QLYS). Manufacturers Life Insur The stated it has 23,992 shares or 0% of all its holdings. Wesbanco Financial Bank reported 14,993 shares or 0.04% of all its holdings. Price T Rowe Md invested in 0% or 5,099 shares. Goldman Sachs Group Inc invested 0% in Qualys, Inc. (NASDAQ:QLYS). Meritage Portfolio invested in 0.55% or 107,304 shares. 30,960 are owned by Retail Bank Of Montreal Can. California State Teachers Retirement System holds 0.01% or 50,277 shares. 3.84M are owned by Blackrock. Parkside Savings Bank reported 19 shares. Amalgamated Financial Bank holds 0.01% in Qualys, Inc. (NASDAQ:QLYS) or 4,320 shares. Moreover, Prudential Fin has 0% invested in Qualys, Inc. (NASDAQ:QLYS). 5,227 were accumulated by Oppenheimer Asset. 257,407 were accumulated by Principal Financial. Eagle Boston Management reported 4,160 shares stake.

Since September 1, 2017, it had 0 insider buys, and 12 selling transactions for $5.08 million activity. The insider Thakar Sumedh S sold 9,801 shares worth $575,356. POSEY BRUCE K sold $1.89M worth of stock. Rogers Kristi Marie sold $718,651 worth of stock or 10,000 shares.

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 $9.10M 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. JP Morgan maintained Qualys, Inc. (NASDAQ:QLYS) rating on Tuesday, February 13. JP Morgan has “Neutral” rating and $70 target. As per Thursday, August 3, the company rating was upgraded by J.P. Morgan. Robert W. Baird maintained the shares of QLYS in report on Friday, October 13 with “Hold” rating. The rating was downgraded by J.P. Morgan on Tuesday, December 12 to “Hold”. The rating was maintained by Northland Capital with “Buy” on Wednesday, October 18. As per Thursday, August 3, the company rating was upgraded by JP Morgan. The stock of Qualys, Inc. (NASDAQ:QLYS) earned “Buy” rating by Topeka Capital Markets on Tuesday, February 9. The company was maintained on Tuesday, February 9 by Wunderlich. The firm earned “Hold” rating on Wednesday, October 18 by RBC Capital Markets. The stock of Qualys, Inc. (NASDAQ:QLYS) has “Equal-Weight” rating given on Tuesday, October 10 by Morgan Stanley.

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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