Wolfe Research analyst Joshua Tilton upgrades $Qualys (QLYS.US)$ to a hold rating.
According to TipRanks data, the analyst has a success rate of 57.9% and a total average return of 9.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Qualys (QLYS.US)$'s main analysts recently are as follows:
The company reported a robust third quarter. However, concerns persist regarding the fourth quarter pipeline, decelerating growth in the Vulnerability Management market, and challenging competitive dynamics, which may pose risks to future year estimates.
The company outperformed against negative investor expectations, underscored by its 14% growth in current billings. The improved execution, indications of stabilization in net dollar expansion, robust new business and channel performance, and the possibility for new products to make a more substantial contribution are viewed positively by analysts.
Qualys' 3Q24 results were noted for their robustness, characterized by an 8% year-over-year increase in revenue, alongside an upward revision in guidance.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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