Why Qualys Stock Crushed it on Wednesday
Shares of cybersecurity company (NASDAQ: QLYS) looked more than secure on Hump Day, thanks to strong second-quarter results. With that blustery tailwind at its back, the highly specialized tech stock rose by nearly 14% in price that trading session.
Qualys posted those quarterly results well before market open, revealing that it booked revenue of nearly $182.2 million for an 11% year-over-year gain. Another double-digit increase was recorded in net income not under generally accepted accounting principles (non-GAAP, or adjusted); this flew 13% higher to more than $69 million ($1.98 per share).
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Source Fool.com
Qualys Inc. Stock
€166.85
-1.710%
Based on 5 Buy predictions and 4 Sell predictions the sentiment towards Qualys Inc. is rather balanced.
However, we have a potential of -43.06% for Qualys Inc. as the target price of 95 € is below the current price of 166.85 €.
