Needham assumed coverage of Qualys (QLYS) with a Hold rating and no price target The company’s “strong” Q3 results led to raised 2025 guidance as current billings grew 14% year-over-year and beat consensus by 8%, the analyst tells investors in a research note. The firm thinks Qualys has “exceptional margins and cash flow in a high-priority sector,” but says the current year has seen delays in sales staff hiring and that the new Chief Revenue Officer needs time to get acclimated and implement the plan.
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Read More on QLYS:
- Qualys Reports Strong Q3 2024 Growth and Raises Guidance
- Closing Bell Movers: Exact Sciences falls 30% after results, guidance cut
- Qualys sees Q4 adjusted EPS $1.28-$1.38, consensus $1.28
- Qualys reports Q3 adjusted EPS $1.56, consensus $1.33
- Qualys raises FY24 adjusted EPS view to $5.81-$5.91 from $5.46-$5.62
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