Breaking Stories

: Qualys stock rallies as results, outlook beat Street


Qualys Inc. shares surged in the extended session Wednesday after the cloud security company’s results and outlook topped Wall Street expectations.


shares rallied 11% after hours, following a 0.5% decline in the regular session to close at $94.38.

The company reported first-quarter net income of $228,000, or a penny a share, because of accelerated vesting of equity awards to its former chief executive, Philippe Courtot, who stepped down recently for health reasons. That’s compared with $18.7 million, or 46 cents a share, in the year-ago period. Adjusted earnings were 74 cents a share, compared with 65 cents a share in the year-ago quarter.

Revenue rose to $96.8 million from $86.3 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 68 cents a share on revenue of $95.2 million.

In a statement, Sumedh Thakar, Qualys CEO, said that continued adoption of the company’s Vulnerability Management, Detection and Response application “continues to be a strategically important driver” to the company’s long-term growth.

Qualys expects earnings of 67 cents to 69 cents a share on revenue of $98.6 million to $99.2 million in the second quarter, while analysts had forecast earnings of 65 cents a share on revenue of $97.9 million.

For the year, the company expects earnings of $2.67 to $2.72 a share on revenue of $402.5 million to $404.5 million, while analysts forecast $2.65 a share on revenue of $400.5 million.

Earnings Results: Uber shows smallest quarterly loss in its history thanks to sale of self-driving unit; delivery continues to dominate

Previous article

: Handwashing rose, then fell, during COVID-19 — are U.S. hygiene standards slipping?

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *