Robert W. Baird Sticks to Its Hold Rating for Qualys

Robert W. Baird analyst Jayson Noland maintained a Hold rating on Qualys (NASDAQ: QLYS) today. The company’s shares closed yesterday at $77.30.

Noland commented:

“We are positive on company fundamentals but view the stock as fully valued at these levels.”

According to TipRanks.com, Noland is a 5-star analyst with an average return of 16.4% and a 65.5% success rate. Noland covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Palo Alto Networks, and Juniper Networks.

Currently, the analyst consensus on Qualys is Moderate Buy and the average price target is $71.22, representing a -7.9% downside.

In a report issued on April 23, RBC Capital also reiterated a Hold rating on the stock with a $75 price target.

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Based on Qualys’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $62.92 million and quarterly net profit of $2.86 million. In comparison, last year the company earned revenue of $53.12 million and had a net profit of $21.93 million.

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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.