Key Stats for Qualys Stock
- Price Change in Last 6 Months: 55%
- $QLYS Stock Price (as of Sep. 11): $150
- 52-Week High: $202
- $QLYS Stock Price Target: $175
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What Happened?
Qualys (QLYS) stock fell 7% after Wedbush downgraded it from “Outperform” to “Neutral,” lowering its price target to $175. This downgrade coincided with Wall Street Zen’s cut from “Buy” to “Hold.” Despite strong quarterly earnings, the downgrades caused market volatility.
Quarterly Performance:
- Earnings: $1.98 per share (Expected: $1.78)
- Revenue: $182.18 million (Expected: $178.57 million, up 11.1% YoY)
- Net Margin: 29.38%
- Return on Equity: 37.52%
So why the downgrades?
Analyst sentiments are mixed:
- Strong Buy: 2
- Buy: 2
- Hold: 12
- Sell: 1
The average price target across firms is $173.87, slightly higher than the current trading price. Notably, Scotiabank raised its target to $220 while maintaining an “Outperform” rating.
Insider Activity:
- CEO Sumedh Thakar sold 30,000 shares for $4.05 million in late June.
- Insiders sold a total of $7.6 million worth over the last 90 days.
Institutional positions are on the rise, with over 99% ownership after recent additions from several firms.
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What the Market Is Telling Us
The recent decline appears tied more to analyst sentiment than issues within Qualys itself. A downgrade from a reputable firm like Wedbush can unsettle short-term traders, despite sustained strong earnings.
Current analyst ratings and the gap from the consensus target reveal uncertainty in how the market perceives the stock’s valuation post-earnings.
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How Much Upside Does Qualys Stock Have?
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Disclaimer:
The articles on TIKR are not investment advice. They are based on investment data and analyst estimates. TIKR has no positions in mentioned stocks. Happy investing!
