William Blair analyst Jonathan Ho has maintained their bullish stance on QLYS stock, giving a Buy rating on October 23.
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Jonathan Ho has given his Buy rating due to a combination of factors that highlight Qualys’s strong financial performance and strategic positioning. The company reported impressive quarterly results, surpassing revenue expectations by $3.6 million and achieving a notable increase in pro forma EPS. A key driver of this success was the accelerated billings growth of 11.4%, significantly exceeding market predictions.
Qualys’s Enterprise TruRisk Management platform, along with its advancements in patch management and cybersecurity asset management, has contributed to this positive outlook. The company’s strategic focus on AI-based risk operation centers and the integration of cybersecurity asset management into its ETM solution are seen as substantial growth opportunities. Additionally, improvements in execution and product marketing have positioned Qualys to capitalize on upsell opportunities in the CTEM space, further supporting the Buy rating.
In another report released on October 23, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $143.00 price target.
Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of QLYS in relation to earlier this year.