Stock Track | Qualys Stock Soars on Stellar Q3 Results and Promising Outlook

Stock Track11-07

Qualys Inc. (NASDAQ: QLYS), a leading provider of cloud-based cybersecurity solutions, saw its stock price skyrocket by 28.02% on November 6, 2024, following the company's impressive third-quarter results and raised guidance for the full year.

For the third quarter ended September 30, 2024, Qualys reported revenue of $153.9 million, an 8% increase compared to the same period last year, surpassing analysts' expectations of $150.7 million. The company's adjusted earnings per share (EPS) came in at $1.56, significantly higher than the consensus estimate of $1.33.

Driven by the strong quarterly performance, Qualys raised its full-year 2024 revenue guidance to a range of $602.9 million to $605.9 million, up from the previous guidance of $597.5 million to $601.5 million. The company also increased its adjusted EPS guidance for fiscal 2024 to $5.81 to $5.91, compared to the earlier range of $5.46 to $5.62.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment