RBC Capital analyst Matthew Hedberg raised the firm’s price target on Qualys (QLYS) to $140 from $131 and keeps a Sector Perform rating on the shares. The company delivered a good start to the year vs. expectations, highlighted by 10% revenue growth and almost 400 bps of operating margin outperformance, the analyst tells investors in a research note. Beyond the numbers, the commentary around Risk Operations Center was interesting, the firm added.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on QLYS:
- Qualys Receives Buy Rating Due to Strong Financial Performance and Strategic Growth Initiatives
- Qualys price target lowered to $158 from $163 at Canaccord
- Qualys Reports Strong Q1 2025 Earnings Growth
- Hold Rating on Qualys Amid Mixed Performance and Macroeconomic Challenges
- Qualys reports Q1 adjusted EPS $1.67, consensus $1.47