Needham analyst Mike Cikos has maintained their neutral stance on QLYS stock, giving a Hold rating today.
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Mike Cikos has given his Hold rating due to a combination of factors related to Qualys’s recent performance and future projections. While the company reported positive results for the second quarter of 2025, with all guided metrics showing upside, the growth in current billings was modest. The year-over-year increase in billings was only 8%, a slight improvement from the previous quarter, despite easier comparisons.
Management is implementing several initiatives to drive growth, including product innovation and a Partner-first strategy, but these efforts are expected to result in only moderate billings growth of 5%-7% in the latter half of 2025. This growth rate is seen as a key indicator for revenue growth in 2026. Although there was a slight improvement in net expansion, management expects it to remain stable for the rest of the year. These factors contribute to a cautious outlook, justifying the Hold rating.
In another report released today, TD Cowen also maintained a Hold rating on the stock with a $145.00 price target.