Qualys price target lowered to $134 from $140 at RBC Capital

RBC Capital lowered the firm’s price target on Qualys (QLYS) to $134 from $140 and keeps a Sector Perform rating on the shares. The company delivered a solid Q4 print with solid momentum across the business including positive early feedback on QFlex, though net revenue retention ticked down given some gross retention pressure, the analyst tells investors in a research note.