Analyst Ratings for Qualys: A Comprehensive Overview
Qualys Inc., a cloud security and compliance solutions provider, has recently garnered the attention of analysts who have shared their insights on the company. Four analysts have expressed a variety of opinions on Qualys, ranging from bullish to bearish. Let’s take a closer look at their recent ratings and evaluations.
In the past 30 days, analysts’ ratings for Qualys have shown a mix of sentiments. One analyst maintained a bullish stance, while another analyst expressed a somewhat bullish viewpoint. On the other hand, two analysts held a somewhat bearish opinion. None of the analysts have rated Qualys as bullish or bearish in the past month. This indicates a relatively neutral outlook from the analysts.
To further understand the analysts’ evaluations, it is essential to examine their price targets. The average 12-month price target for Qualys is $149.75, with a high estimate of $175.00 and a low estimate of $117.00. This upward trend in price targets indicates a positive sentiment towards the company’s future prospects. The current average price target reflects a 15.64% increase from the previous average of $129.50.
Now, let’s delve into the recent actions taken by key analysts and their corresponding ratings and price targets. Michael Lewis from Truist Securities raised his rating for Qualys to “Hold” and increased the price target to $175.00 from $145.00. Hamza Fodderwala from Morgan Stanley also raised his rating to “Underweight” and set a price target of $137.00, up from $104.00. Rob Owens from Piper Sandler raised the rating to “Underweight” and increased the price target to $117.00 from $109.00. Lastly, Daniel Ives from Wedbush raised the rating to “Outperform” and set a price target of $170.00, up from $160.00.
These actions by analysts reflect their reactions to recent developments related to Qualys, such as market conditions and company performance. The ratings assigned by analysts provide qualitative assessments of the stock’s expected relative performance compared to the broader market. The price targets offered by analysts give insights into their expectations for the future value of Qualys’ stock.
Analyzing analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Qualys’ market standing. It is crucial to stay informed and make data-driven decisions when considering investments. Benzinga’s Ratings Table can provide ongoing updates on Qualys analyst ratings.
Qualys, founded in 1999 and publicly traded since 2012, has carved a niche as a provider of cloud security and compliance solutions. The company boasts over 10,000 customers worldwide, primarily consisting of small- and medium-sized businesses. Despite having a market capitalization below industry averages, Qualys has demonstrated noteworthy revenue growth of approximately 13.09% over the past three months. Additionally, the company exhibits strong profitability, with a net margin of 32.76% and an impressive return on equity (ROE) of 15.51%. Qualys also maintains efficient use of assets, as evidenced by its return on assets (ROA) of 6.37%. Furthermore, the company’s debt-to-equity ratio of 0.1 suggests a healthy balance between debt and equity, which can be viewed positively by investors.
It is important to understand that analyst ratings are based on predictions of future company performance and are subject to variability. Analysts attend company events, conduct research, and communicate with insiders to formulate their ratings. While these ratings provide valuable insights, users should consider them alongside other financial indicators and exercise their own judgment.
In conclusion, the recent analyst ratings for Qualys suggest a mixed sentiment, with a variety of opinions ranging from bullish to bearish. The upward trend in price targets indicates a positive outlook for the company’s future prospects. Investors should stay informed and use analyst ratings as one of many tools to make informed investment decisions.
Note: This article was generated by Benzinga’s automated content engine and reviewed by an editor.
