Scotiabank lowered the firm’s price target on Qualys (QLYS) to $100 from $135 and keeps a Sector Perform rating on the shares. The firm maintained its Sector Perform view on Qualys following a healthy 8% current billings growth in Q1 in which management highlighted an increase in customer interest due to Anthropic Claude Mythos and OpenAI GPT-5.4-Cyber. The firm added that it remains on the sidelines as for Qualys shares to sustainably re-rate higher a sustained current billings reacceleration is needed.
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