In a report released today, Jennifer Redding from Wedbush initiated coverage with a Buy rating on Qualys (NASDAQ: QLYS) and a price target of $95. The company’s shares opened today at $74.10.
According to TipRanks.com, Redding is a 2-star analyst with an average return of 6.0% and a 50.0% success rate. Redding covers the Services sector, focusing on stocks such as Abercrombie Fitch, Urban Outfitters, and Nordstrom Inc.
Currently, the analyst consensus on Qualys is a Moderate Buy with an average price target of $95.40.
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The company has a one-year high of $98.30 and a one-year low of $50.65. Currently, Qualys has an average volume of 349.4K.
Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is negative on the stock.
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Qualys, Inc. engages in the provision of cloud security and compliance solutions. Its products enable organizations to identify security risks to information technology infrastructures; help protect information technology systems and applications from cyber attacks; and achieve compliance with internal policies and external regulations.
