Scotiabank analyst Patrick Colville lowered the firm’s price target on Qualys (QLYS) to $139 from $150 and keeps a Sector Perform rating on the shares. While the firm notes Qualys delivered “healthy” Q3 results and believes current Street estimates are reasonable with little to no near-term estimate risk, Scotiabank is looking for evidence of the company converting customers to Enterprise TruRisk Management and ramping newer products before becoming more positive on the shares, the analyst tells investors.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on QLYS:
- Qualys price target raised to $160 from $158 at Canaccord
- Qualys upgraded to Outperform from Market Perform at Northland
- Qualys price target raised to $117 from $115 at JPMorgan
- Qualys’s Strong Financial Performance and Strategic Positioning Earns Buy Rating
- Qualys price target raised to $150 from $145 at UBS