Truist analyst Junaid Siddiqui lowered the firm’s price target on Qualys (QLYS) to $120 from $130 and keeps a Hold rating on the shares. The company reported better-than-expected Q4 results, beating the high-end of guidance for revenue and EPS, the analyst tells investors in a research note. The focus on leveraging partners and driving vendor consolidation could help re-accelerate growth, the firm added.
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