Welcome to our dedicated page for Qualys news (Ticker: QLYS), a resource for investors and traders seeking the latest updates and insights on Qualys stock.
Qualys, Inc. reports developments in cloud-based IT, security and compliance solutions delivered through a subscription software platform. Company news commonly covers financial results and guidance, Enterprise TruRisk Management, product releases such as Agent Val and TruConfirm-enabled exploit validation, cyber risk management partnerships, customer adoption, partner-channel activity, share repurchase actions, and investor-conference participation.
Qualys, Inc. (NASDAQ: QLYS) has introduced Qualys Context XDR, the first context-aware extended detection and response solution, designed to tackle cybersecurity threats. Leveraging the Qualys Cloud Platform, it combines asset inventory, network telemetry, and advanced threat intelligence to swiftly identify risks and minimize alert fatigue. This platform processes over 10 trillion data points and offers capabilities like patching and quarantining to enhance security operations. The solution is currently available for demo.
Qualys, Inc. (NASDAQ: QLYS) announced an update to its Qualys Cloud Platform, introducing advanced remediation capabilities for enhanced security. This feature enables organizations to resolve asset misconfigurations and patch various applications efficiently, streamlining their processes into a single application. According to CEO Sumedh Thakar, this change will improve response times and cyber defenses against vulnerabilities like Spectre/Meltdown. The updated Qualys Patch Management integrates seamlessly with its Vulnerability Management, Detection, and Response (VMDR), allowing for comprehensive vulnerability remediation.
Qualys, Inc. (NASDAQ: QLYS) will announce its financial results for Q4 and full year 2021 on February 10, 2022, after market close. A conference call will follow at 5:00 PM ET, accessible via phone or webcast. Qualys, a leader in cloud-based IT security and compliance solutions, serves over 19,000 customers across 130 countries, including many from the Forbes Global 100 and Fortune 100. Their platform offers continuous security intelligence, automating compliance for IT systems and web applications.
Qualys, Inc. (NASDAQ: QLYS) announced the appointment of Bill Berutti to its Board of Directors. Berutti, an expert in cloud and enterprise software, brings significant experience from his roles at Plex Systems and BMC Software. His addition is expected to enhance Qualys' strategic direction as they focus on expanding their cloud platform and delivering innovative solutions. This move aligns with the company's growth strategy aimed at providing advanced security and compliance solutions to over 19,000 active customers worldwide.
Qualys, Inc. (NASDAQ: QLYS) has achieved the AWS Graviton Ready designation, integrating its Cloud Agent with AWS Graviton's services. This recognition enables joint customers to benefit from the cost savings of AWS Graviton2 ARM architecture alongside Qualys' comprehensive IT, security, and compliance platform. Customers can easily activate multiple applications, including the innovative VMDR, streamlining workflows on AWS. Qualys is distinguished as an AWS Partner Network member with products built for AWS services, enhancing productivity for AWS customers.
Qualys, Inc. (NASDAQ: QLYS), a leader in cloud-based IT security and compliance solutions, will participate in two upcoming investor events. Management, including Sumedh Thakar, CEO, and Joo Mi Kim, CFO, will engage in a fireside chat at Needham's Virtual Security Conference on November 16, 2021, at 5:15 p.m. ET, and at Nasdaq's 45th Investor Conference on December 1, 2021, at 12:00 p.m. ET. Investors can access a live webcast and replay on the Qualys investor relations page.
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.