These Analysts Cut Their Forecasts On Qualys After Q4 Results

Financial Performance - Qualys, Inc. reported fourth-quarter earnings of $1.60 per share, exceeding the analyst consensus estimate of$1.35 per share [1] - The company achieved quarterly sales of $159.191 million, surpassing the analyst consensus estimate of$156.192 million [1] Strategic Insights - The CEO of Qualys highlighted the increasing adoption of the Qualys Enterprise TruRisk Platform by customers, indicating a transformation in their security stacks [2] - The company noted the success of newer product initiatives such as Cybersecurity Asset Management, Patch Management, and TotalCloud, contributing to its innovation and competitive edge [2] - Qualys anticipates FY25 adjusted earnings between $5.50 and$5.90 per share, with revenue projected between $645 million and$657 million [2] Market Reaction - Following the earnings announcement, Qualys shares fell by 3.4%, trading at $136.00 [3] - Analysts adjusted their price targets for Qualys, with Scotiabank lowering its target from$150 to $140, while Canaccord Genuity maintained a Buy rating but reduced its target from$170 to $163 [4]