Qualys (QLYS) Getting Somewhat Positive News Coverage, Analysis Finds

Media stories about Qualys (NASDAQ:QLYS) have been trending somewhat positive on Monday, according to Alpha One. The research firm, a unit of Accern, identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Qualys earned a media sentiment score of 0.21 on Alpha One’s scale. Alpha One also gave media stories about the software maker an impact score of 81 out of 100, indicating that recent news coverage is very likely to have an effect on the stock’s share price in the next several days.

A number of equities research analysts have issued reports on QLYS shares. Northland Securities started coverage on Qualys in a research report on Wednesday, January 25th. They issued an “outperform” rating and a $42.00 price target on the stock. First Analysis lowered Qualys from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $42.00 to $37.00 in a research report on Thursday, February 9th. Stifel Nicolaus reduced their price target on Qualys from $40.00 to $38.00 and set a “hold” rating on the stock in a research report on Thursday, February 9th. Zacks Investment Research raised Qualys from a “sell” rating to a “hold” rating in a research report on Friday, February 17th. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of Qualys in a research report on Tuesday, February 21st. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Qualys presently has an average rating of “Hold” and a consensus target price of $39.82.

Shares of Qualys (NASDAQ:QLYS) traded up 1.42% during midday trading on Monday, hitting $43.00. The stock had a trading volume of 220,167 shares. Qualys has a one year low of $27.80 and a one year high of $44.35. The stock has a 50 day moving average of $38.79 and a 200-day moving average of $35.66. The company has a market cap of $1.59 billion, a P/E ratio of 46.09 and a beta of 0.99.

In related news, Chairman Philippe F. Courtot sold 40,000 shares of the business’s stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $36.32, for a total value of $1,452,800.00. Following the transaction, the chairman now owns 5,430,320 shares in the company, valued at $197,229,222.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Sumedh S. Thakar sold 4,119 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $40.87, for a total value of $168,343.53. Following the completion of the transaction, the insider now owns 140,950 shares in the company, valued at approximately $5,760,626.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 918,504 shares of company stock worth $32,959,047. Insiders own 30.20% of the company’s stock.

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Qualys Company Profile

Qualys, Inc is a provider of cloud-based security and compliance solutions. The Company’s solutions enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber-attacks. Its suite of security and compliance solutions delivered on its Qualys Cloud Platform enables its customers 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.

12 Month Chart for NASDAQ:QLYS

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