On Nov 06, major Wall Street analysts update their ratings for $Qualys (QLYS.US)$, with price targets ranging from $126 to $162.
Morgan Stanley analyst Hamza Fodderwala maintains with a sell rating, and adjusts the target price from $123 to $126.
J.P. Morgan analyst Brian Essex maintains with a sell rating, and adjusts the target price from $125 to $126.
Jefferies analyst Joseph Gallo maintains with a hold rating, and adjusts the target price from $135 to $155.
TD Cowen analyst Shaul Eyal maintains with a hold rating, and adjusts the target price from $130 to $150.
Baird analyst Shrenik Kothari maintains with a hold rating, and maintains the target price at $145.
Furthermore, according to the comprehensive report, the opinions of $Qualys (QLYS.US)$'s main analysts recently are as follows:
The company has reported a robust third quarter. However, concerns remain regarding the outlook for the fourth quarter, as indicated by the pipeline commentary. Additionally, there are challenges related to the slowing growth in the Vulnerability Management market and intense competition, which pose risks to the forecasts extending to FY25.
Qualys reported strong results for 3Q24 with an 8% increase in revenue year-over-year, accompanied by an upward revision in guidance.
Qualys' current billings witnessed a noteworthy increase of 14% year-over-year, surpassing consensus forecasts. The cautious outlook for Q4 billings, which suggests a potential decrease in new business, is deemed as a cautious yet reasonable assessment. While Q3 indicates a positive change, the reserved comments regarding the pipeline provoke inquiries about the potential for advance demand and the continued momentum of growth.
The company's robust performance in the third quarter prompted an increase in its 2025 outlook, driven by a 14% growth in current billings year-over-year, which surpassed consensus expectations by 8%. Analysts recognize Qualys for its outstanding margins and cash flow within a sector of high importance. However, it has been noted that there have been delays in hiring sales staff this year, and the newly appointed Chief Revenue Officer will require time to adjust and execute their strategy.
Here are the latest investment ratings and price targets for $Qualys (QLYS.US)$ from 9 analysts:
Note:
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