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Qualys Inc QLYS

Morningstar Rating
$186.94 +0.49 (0.26%)
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Company Report

Qualys Earnings: Quality Firm Closes Another Strong Quarter Despite Macroeconomic Pressures

We are raising our fair value estimate for narrow-moat Qualys to $143 from $135 after the firm finished its third quarter with strong sales and profitability. Much like prior quarters, we were impressed with the firm’s emphasis on driving profitable growth as it navigates a tricky macroeconomic environment. We continue to view Qualys as well positioned to serve a variety of security needs faced by its clients, which are typically small and midsize businesses. With the firm expanding solutions beyond its core vulnerability management offering, we view this expansion positively and think that it will provide Qualys with more upselling/cross-selling opportunities in the future. The firm’s shares traded slightly down after-hours and we view them as fairly valued after our fair value estimate increase.

Price vs Fair Value

QLYS is trading at a 30% premium.
Price
$186.53
Fair Value
$984.00
Uncertainty
Very High
1-Star Price
$293.47
5-Star Price
$73.70
Economic Moat
Nmrdr
Capital Allocation
Xplgltgsn

Bulls Say, Bears Say

Bulls

Qualys remains a strong competitor in the cybersecurity space geared toward SMBs.

Bears

Large cybersecurity vendors have competing solutions that could impact Qualys’ retention metrics.

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News

Trading Information

Previous Close Price
$186.45
Day Range
$186.44188.78
52-Week Range
$101.19188.78
Bid/Ask
$186.70 / $187.38
Market Cap
$6.88 Bil
Volume/Avg
35,382 / 347,834

Key Statistics

Price/Earnings (Normalized)
38.22
Price/Sales
13.02
Dividend Yield
Dividend Yield (Forward)
Total Yield
3.68%

Company Profile

Qualys Inc. is a cloud security and compliance solutions provider that helps businesses identify and manage their security risks and compliance requirements. The California-based company has more than 10,000 customers worldwide, the majority of which are small- and medium-sized businesses. Qualys was founded in 1999 and went public in 2012.
Sector
Technology
Industry
Software - Infrastructure
Stock Style Box
Small Growth
Total Number of Employees
2,155

Competitors

Valuation

Metric
QLYS
CRWD
PANW
Price/Earnings (Normalized)
38.2292.3759.08
Price/Book Value
21.2528.4242.44
Price/Sales
13.0220.2814.06
Price/Cash Flow
32.5660.1142.60
Price/Earnings
QLYS
CRWD
PANW

Financial Strength

Metric
QLYS
CRWD
PANW
Quick Ratio
1.431.590.77
Current Ratio
1.521.740.86
Interest Coverage
−3.8140.45
Quick Ratio
QLYS
CRWD
PANW

Profitability

Metric
QLYS
CRWD
PANW
Return on Assets (Normalized)
25.68%12.07%11.85%
Return on Equity (Normalized)
60.90%38.01%128.35%
Return on Invested Capital (Normalized)
50.80%21.96%31.87%
Return on Assets
QLYS
CRWD
PANW

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