Qualys Remains a High-Quality Security Vendor Specializing in Vulnerability Management

We view Qualys as a strong cybersecurity vendor focused on providing cloud-based security and compliance solutions to its clients. The firm’s primary solutions revolve around vulnerability management, or VM, and are designed to help Qualys’ clients identify and mitigate vulnerabilities in their IT infrastructure. We view VM as a space poised for high single-digit growth over the next few years, thereby providing Qualys with an additional uplift as demand for its products is expected to remain robust. As Qualys competes within the space going forward, we believe the firm has built out a narrow economic moat by developing a sticky product portfolio.