Northland Securities analyst Robert Breza maintained a Buy rating on Qualys (QLYS) today and set a price target of $100. The company’s shares closed last Monday at $80.56.
Breza noted:
“We remain positive on the story after hosting investor meetings with Qualys management early this week as we believe a growth inflection point is near driven by expanding multi-product deployments within existing accounts and adoption of the free Global IT Asset Inventory recently made generally available providing a valuable hook (Cloud Agents) into new accounts. We also expect margins to sustain/improve given a leverageable cloud architecture and hyper-efficient R&D.”
According to TipRanks.com, Breza is a 5-star analyst with an average return of 10.8% and a 56.1% success rate. Breza covers the Technology sector, focusing on stocks such as Coupa Software Inc, MobileIron, Inc., and Salesforce.com.
Currently, the analyst consensus on Qualys is a Moderate Buy with an average price target of $94.50.
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The company has a one-year high of $97.12 and a one-year low of $65.94. Currently, Qualys has an average volume of 322.1K.
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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.
