Qualys (QLYS) Q1 Earnings: What To Expect

StockStory
05 May
Qualys (QLYS) Q1 Earnings: What To Expect

Cloud security and compliance software provider Qualys (NASDAQ:QLYS) will be reporting earnings tomorrow after the bell. Here’s what to look for.

Qualys beat analysts’ revenue expectations by 1.9% last quarter, reporting revenues of $159.2 million, up 10.1% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ EBITDA estimates but full-year EPS guidance missing analysts’ expectations significantly.

Is Qualys a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Qualys’s revenue to grow 7.7% year on year to $157.1 million, slowing from the 11.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.47 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Qualys has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Qualys’s peers in the cybersecurity segment, only Tenable has reported results so far. It beat analysts’ revenue estimates by 2.4%, delivering year-on-year sales growth of 10.7%. The stock was down 9.3% on the results.

Read our full analysis of Tenable’s earnings results here.

There has been positive sentiment among investors in the cybersecurity segment, with share prices up 15.5% on average over the last month. Qualys is up 10.7% during the same time and is heading into earnings with an average analyst price target of $137.43 (compared to the current share price of $129.50).

Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10