On August 5, Qualys rose 13.01% overnight, trading at $182.01/share, with turnover of $14,600.
On the news front, the company reported Q2 results that significantly exceeded market expectations on both earnings and revenue, while raising full-year guidance. Specifically, Q2 adjusted EPS came in at $1.98, beating the analyst consensus of $1.78 by 11.24% and representing a 17.86% year-over-year increase. Revenue reached $182.175 million, surpassing the $178.565 million estimate. The company also raised its full-year adjusted EPS guidance to $7.74-$7.88, above the FactSet estimate of $7.60, and lifted revenue guidance to $732M-$738M versus the $724.5M consensus.
This marks consecutive quarters of outperformance, as Q1 EPS of $1.95 also beat estimates by 8.33%, demonstrating sustained business momentum. Additionally, the company has been accelerating AI-driven product launches, including InstaScan intelligent vulnerability detection and Agent Val autonomous risk remediation, while multiple investment banks have recently raised target prices, with Scotiabank upgrading its rating to Sector Outperform with a $190 target.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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