Piper Sandler analyst Rob Owens upgraded Qualys (QLYS) to Neutral from Underweight with a price target of $135, up from $115. The company reported solid Q3 results on accelerating billings growth and record operating margin, the analyst tells investors in a research note. The firm says Q3 marked five straight quarters of upside to quarterly guidance. Piper is now more positive on the shares, saying improvement in Qualys’ execution has led to expectations for a better growth outlook.
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