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.
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