Why Shares of Qualys Are Soaring Today
Cloud-based security and compliance provider (NASDAQ: QLYS) gave investors what they wanted with its third-quarter report. Revenue grew by 10% year over year to $169.9 million, while non-GAAP (generally accepted accounting principles) earnings per share of $1.86 was well above the $1.56 reported in the same period last year. Both metrics were higher than analyst expectations.
By noon ET Wednesday, the stock was up about 20.2%, according to data provided by S&P Global Market Intelligence.
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Source Fool.com
