After Achieving 52-Week High, Is Qualys, Inc. (QLYS)’s Near-Term Analysis Positive?

February 13, 2018 - By Louis Casey

Investors sentiment increased to 1.63 in Q3 2017. 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.
Voya Investment Mngmt Limited Liability Co holds 0% or 14,101 shares. Deutsche Bank Ag holds 0% or 40,795 shares. Us National Bank & Trust De reported 4,269 shares. State Board Of Administration Of Florida Retirement System invested in 0% or 19,403 shares. Vanguard Gru holds 1.70 million shares. Commonwealth Equity Services has 4,398 shares. Raymond James Associate invested 0.01% of its portfolio in Qualys, Inc. (NASDAQ:QLYS). Financial Bank Of America Corporation De invested 0% of its portfolio in Qualys, Inc. (NASDAQ:QLYS). Panagora Asset Mngmt invested 0% of its portfolio in Qualys, Inc. (NASDAQ:QLYS). Advsrs Asset Inc, a Colorado-based fund reported 1,954 shares. Driehaus Mngmt holds 0.06% or 27,754 shares in its portfolio. Meeder Asset has 0% invested in Qualys, Inc. (NASDAQ:QLYS) for 439 shares. Massachusetts-based State Street Corporation has invested 0% in Qualys, Inc. (NASDAQ:QLYS). Neuberger Berman Gp Ltd owns 2.80M shares. Mirae Asset Invs Comm Limited invested 0.01% of its portfolio in Qualys, Inc. (NASDAQ:QLYS).

Since August 14, 2017, it had 0 insider purchases, and 10 insider sales for $2.48 million activity. Thakar Sumedh S had sold 2,000 shares worth $106,007. Headley Todd P also sold $213,309 worth of Qualys, Inc. (NASDAQ:QLYS) on Monday, August 14.

The stock of Qualys, Inc. (NASDAQ:QLYS) hit a new 52-week high and has $67.18 target or 8.00 % above today’s $62.20 share price. The 9 months bullish chart indicates low risk for the $2.36 billion company. The 1-year high was reported on Feb, 13 by Barchart.com. If the $67.18 price target is reached, the company will be worth $188.72 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 decreased 0.64% or $0.4 during the last trading session, reaching $62.2. About 145,806 shares traded. Qualys, Inc. (NASDAQ:QLYS) has risen 52.35% since February 13, 2017 and is uptrending. It has outperformed by 35.65% the S&P500.

Analysts await Qualys, Inc. (NASDAQ:QLYS) to report earnings on February, 14. They expect $0.18 earnings per share, up 20.00 % or $0.03 from last year’s $0.15 per share. QLYS’s profit will be $6.83M for 86.39 P/E if the $0.18 EPS becomes a reality. After $0.21 actual earnings per share reported by Qualys, Inc. for the previous quarter, Wall Street now forecasts -14.29 % 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 $70.0 highest and $25 lowest target. $47.94’s average target is -22.93% below currents $62.2 stock price. Qualys had 57 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, February 9 by Topeka Capital Markets. The stock has “Market Perform” rating by Wells Fargo on Wednesday, January 11. On Sunday, September 10 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm has “Neutral” rating by JP Morgan given on Tuesday, February 13. The rating was maintained by RBC Capital Markets with “Hold” on Wednesday, November 1. Northland Capital maintained the shares of QLYS in report on Friday, July 21 with “Buy” rating. Wunderlich maintained the stock with “Buy” rating in Tuesday, November 3 report. Wunderlich maintained it with “Buy” rating and $26 target in Tuesday, February 9 report. The firm has “Overweight” rating by Morgan Stanley given on Thursday, July 20. As per Tuesday, March 21, the company rating was upgraded by Stephens.

More important recent Qualys, Inc. (NASDAQ:QLYS) news were published by: Prnewswire.com which released: “Qualys Announces Fourth Quarter And Full Year 2017 Financial Results” on February 12, 2018, also Nasdaq.com published article titled: “Commit To Purchase Qualys At $50, Earn 8% Annualized Using Options”, Prnewswire.com published: “Qualys Moves into No. 5 Position in Worldwide Security and Vulnerability …” on February 12, 2018. More interesting news about Qualys, Inc. (NASDAQ:QLYS) was released by: Nasdaq.com and their article: “Earnings Reaction History: Qualys Inc, 37.5% Follow-Through Indicator, 9.5 …” with publication date: January 25, 2018.

Qualys, Inc. provides cloud-based security and compliance solutions in the United States and internationally. The company has market cap of $2.36 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 56.44 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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