Needham Believes Qualys (QLYS) Won’t Stop Here


In a report released today, Alex Henderson from Needham maintained a Buy rating on Qualys (QLYS), with a price target of $118.00. The company’s shares closed last Monday at $104.05, close to its 52-week high of $111.79.

According to TipRanks.com, Henderson is a 5-star analyst with an average return of 16.0% and a 55.1% success rate. Henderson covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Applied Optoelectronics, and CrowdStrike Holdings.

Qualys has an analyst consensus of Moderate Buy, with a price target consensus of $104.82, representing a 1.3% upside. In a report issued on May 8, Rosenblatt Securities also maintained a Buy rating on the stock with a $125.00 price target.

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Qualys’ market cap is currently $4.07B and has a P/E ratio of 61.80. The company has a Price to Book ratio of 11.23.

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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. The firm also offers solutions through a software-as-a-service model, primarily with renewable annual subscriptions. The company was founded by Philippe F. Courtot on December 30, 1999 and is headquartered in Foster City, CA.

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