Qualys Inc Stock Price, News & Analysis

Qualys reported strong Q3 2021 earnings, with revenues rising 13% to $104.9 million and GAAP net income of $27.8 million, or $0.70 per diluted share. Non-GAAP net income was $34.2 million, a 9% increase year-over-year. Adjusted EBITDA climbed 11% to $50.3 million. The company also announced a $200 million increase in its share repurchase program. Despite a decrease in operating cash flow by 19% to $48.5 million, gross margins improved, reflecting solid performance in its Vulnerability Management, Detection and Response application.

Qualys, Inc. (NASDAQ: QLYS) announced the integration of Infrastructure as Code (IaC) scanning into its CloudView app on November 2, 2021. This enhancement aims to detect and remediate misconfigurations early in the software development lifecycle, significantly reducing security risks. With IaC scanning, organizations can assess their security posture before deployment, adhere to established security best practices, and ensure compliance with over 20 industry regulations. The CloudView IaC Security tool supports multiple IaC languages and is currently in beta, with general availability expected later this year.

Qualys, Inc. (NASDAQ: QLYS) has partnered with TD SYNNEX to enhance its cybersecurity offerings in North America. This collaboration allows TD SYNNEX to provide its resellers access to the Qualys Cloud Platform, which includes the VMDR (Vulnerability Management, Detection, and Response) app. The integration aims to simplify security operations and lower compliance costs for businesses. With over 19,000 active customers across more than 130 countries, Qualys continues to strengthen its market position by leveraging TD SYNNEX's extensive ecosystem.

Qualys, Inc. (NASDAQ: QLYS) announced new multi-tenant cloud platforms for Australia/New Zealand and the UK to cater to growing customer needs. These deployments enhance global operations, addressing data sovereignty concerns while improving latency and service reliability. The Qualys Cloud Platform supports integrated IT, security, and compliance applications, including VMDR and Multi-Vector EDR. The initiative aims to ensure local compliance, helping organizations meet local regulations efficiently amid increasing cloud-based security demand.

Qualys, Inc. (NASDAQ: QLYS) will report its third-quarter 2021 financial results on November 3, 2021, after market close. The company will host a conference call at 5:00 p.m. ET to discuss these results, providing investors access via dial-in and a live webcast. With over 19,000 active customers across 130 countries, Qualys continues to lead in cloud-based IT security solutions, supporting organizations in enhancing their digital transformation strategies. For further details, investors can join the call or access the replay through the provided webcast link.

Qualys, a leader in cloud-based IT security solutions, has launched its Ransomware Risk Assessment Service, aimed at helping organizations identify and mitigate ransomware risks. This service will be available at no cost for 60 days during Cybersecurity Awareness Month. The FBI reported a 62% rise in ransomware incidents, highlighting the growing threat. The service provides a comprehensive view of ransomware exposure, integrates patch deployment, and offers actionable insights based on extensive research into ransomware vulnerabilities. Organizations can sign up for the service immediately.

Qualys, Inc. (NASDAQ: QLYS) announced the integration of zero-touch patching into its Patch Management app, enhancing cybersecurity efficiency. This new capability automates patch deployment, reducing vulnerabilities and operational costs while accelerating compliance with security policies. The feature prioritizes vulnerabilities based on real-time threat indicators, alleviating the burden on IT teams. Qualys aims to support organizations in minimizing cyber risks, especially against ransomware, by delivering proactive patching solutions. The zero-touch patching is set to be available in October 2021.

On August 11, 2021, Qualys (NASDAQ: QLYS) announced its participation in the Citi's 2021 Global Technology Virtual Conference. Sumedh Thakar, CEO, and Joo Mi Kim, CFO, will engage in one-on-one meetings and a fireside chat on September 13, 2021, at 3:30 p.m. ET. A live webcast will be available on Qualys' investor relations page, with a replay following the event. Qualys continues to lead in cloud-based IT and security solutions, supporting over 19,000 customers globally.

Qualys, Inc. reported strong second-quarter results for 2021, with revenues of $99.7 million, a 12% increase from the previous year. Net income was $21.1 million or $0.53 per diluted share. The company saw a significant 51% year-over-year growth in paid cloud agent subscriptions, totaling 64 million. Operating cash flow surged 86% to $54.4 million, representing 55% of revenues. Leadership changes include Sumedh Thakar as CEO and Allan Peters as Chief Revenue Officer. Qualys also introduced new cybersecurity solutions, enhancing its competitive edge.