Revenue Update on Qualys Inc(NASDAQ:QLYS)

Qualys Inc(NASDAQ:QLYS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $48.47M. Analysts estimated a revenue of $48.01M. Earnings per share were $0.20. Analysts had estimated an EPS of $0.17.

In a different note, On Jul 22, 2016, Summit Redstone Partners said it Assumes its rating on Qualys Inc. The shares have been rated ‘Hold’ by the firm.

Qualys Inc (QLYS) shares turned negative on Fridays trading session with the shares closing down -0.47 points or -1.53% at a volume of 2,11,367. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $30.8. The peak price level was also seen at $30.8 while the days lowest was $30.08. Finally the shares closed at $30.23. The 52-week high of the shares is $39.74 while the 52-week low is $16.9625. According to the latest information available, the market cap of the company is $1,069 M.

Several Insider Transactions has been reported to the SEC. On Dec 15, 2015, Donald C Mccauley (Chief Financial Officer) sold 25,000 shares at $35.14 per share price.Also, On Nov 24, 2015, Sumedh S Thakar (Chief Product Officer) sold 1,951 shares at $38.09 per share price.On Jul 8, 2015, Amer Deeba (VP Corp Dev & Strat Alliances) sold 2,000 shares at $37.94 per share price, according to the Form-4 filing with the securities and exchange commission.

Qualys Inc. is a provider of cloud 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 QualysGuard 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. It provides its solutions through a software-as-a-service model. Its QualysGuard Cloud Suite includes seven solutions: Vulnerability Management Policy Compliance Payment card industry (PCI) Compliance Web Application Scanning Malware Detection Service Web Application Firewall and Qualys SECURE Seal.

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