Qualys beat Q4 earnings estimates with $1.60 per share, above $1.35. Quarterly sales reached $159.191 million, surpassing $156.192 million expectation. CEO highlighted growth in Cybersecurity Asset Management and Patch Management. FY25 adjusted earnings projected between $5.50 and $5.90 per share. Analysts adjusted price targets, with Scotiabank lowering it to $140.
Qualys beat Q3 earnings estimates at $1.56 per share. Revenue for Q3 was $153.87 million, exceeding estimates. Raised FY24 adjusted EPS guidance to $5.81-$5.91. Analysts raised various price targets post-earnings. Shares surged 27.6% to $163.64 following the news.
Qualys stock is down 39% from all-time highs but remains a solid buy. Revenue growth is steady, with a 10-year CAGR of 17.14%. Profitability metrics show high margins and strong cash flow growth. Falling net dollar expansion rate poses challenges for customer upsells. Management's revenue guidance for 2024 has been lowered below expectations.