QLYS' fourth-quarter 2024 results are expected to gain from the rising demand for cybersecurity solutions, offset by macroeconomic challenges.
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Qualys (QLYS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Five9, Qualys, Zscaler and VTEX are included in this Analyst Blog.
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The Zacks Security industry participants, QLYS and VRNS, gain from an increase in data breaches, prompting companies to seek comprehensive IT security solutions.
QLYS is growing its customer base on the back of its innovative product introductions and strong customer focus.
Qualys' strong Q3 earnings, raised guidance, and potential sale news drove the stock up significantly, but I'm downgrading it to Hold as its valuation isn't as attractive anymore. The company still has strong profitability (although profitability has fallen a bit) and a debt-free balance sheet. Qualys' net dollar expansion rate improved to 103%, signaling a potential end to the downward trend, but management expects no material improvements in Q4.
Qualys, Inc. QLYS reported better-than-expected third-quarter financial results and raised its FY24 guidance on Tuesday.
QLYS' third-quarter 2024 earnings reflect the benefits of revenue growth across channel partners, offset by increasing sales and marketing expenses.