Morgan Stanley assumed coverage of Qualys (QLYS) with an Underweight rating and $120 price target Qualys has struggled to maintain pace with overall market growth in recent years, but has succeeded more recently in upselling its core Vulnerability Management, Detection & Response solution, the analyst noted. However, with VMDR now in 54% of the existing base and new customer growth lacking, the firm expects growth to disappoint going forward, the analyst tells investors.
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