Canaccord analyst Kingsley Crane lowered the firm’s price target on Qualys (QLYS) to $125 from $150 and keeps a Buy rating on the shares. The firm said its Q1 results reinforced the durability of its model as they reported a down-the-middle Q1 beat with a marginal FY26 raise. By the numbers, total revenue of $176M grew 10% year over year, with channel contribution increasing to 52% of revenues versus 51% in the prior quarter.
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