Qualys Inc Stock Price, News & Analysis

Qualys, Inc. (NASDAQ: QLYS), a leader in cloud-based IT security and compliance solutions, will announce its first quarter 2023 financial results on May 4, 2023, after market close. A conference call is scheduled for 5:00 p.m. ET on the same day, which will be accessible via registration. The company serves more than 10,000 subscription customers, including major corporations in the Forbes Global 100. With its Qualys Cloud Platform, it provides ongoing security intelligence automation for IT systems, workloads, and web applications, enhancing operational efficiency and cost savings. Founded in 1999, Qualys integrates its solutions with leading cloud service providers like AWS, Google Cloud, and Microsoft Azure.

Qualys (NASDAQ: QLYS) released its 2023 TruRisk Research Report, highlighting the detection of over 2.3 billion vulnerabilities in 2022. The report emphasizes the agility of threat actors and identifies key insights for organizations to fortify their security posture. Key findings include that weaponized vulnerabilities are patched in an average of 30.6 days, while attackers exploit them in just 19.5 days, leaving 11.1 days of exposure. Automation in patching significantly improves remediation times, with automated patches resolving issues 45% more frequently.

On February 9, 2023, Qualys (NASDAQ: QLYS) reported Q4 and full-year financial results for 2022, showcasing a 19% revenue growth year-over-year. For Q4, revenues reached $130.8 million with a net income of $28.3 million (GAAP EPS of $0.74). Full-year revenues totaled $489.7 million, with a GAAP net income of $108.0 million (EPS of $2.74). The company also announced a $100 million increase in its share repurchase program, indicating confidence in its growth trajectory. Qualys continues to innovate with new applications to strengthen its position in the cybersecurity sector.

Qualys, Inc. (NASDAQ: QLYS) has expanded its TruRisk platform to provide comprehensive cybersecurity solutions for both large enterprises and small to medium-sized businesses (SMBs). The new offerings, including VMDR TruRisk packages, integrate Vulnerability Management Detection and Response (VMDR), Patch Management, and EDR tailored for SMB needs. These solutions are designed to reduce cyber risks and enhance business growth. The VMDR TruRisk packages are available immediately, with Enterprise TruRisk Management set for preview in March 2023. Qualys emphasizes its commitment to delivering powerful cybersecurity tools that streamline processes and improve risk management.

Qualys has launched its new GovCloud platform, achieving FedRAMP Ready status at the High impact level, which is the most stringent cybersecurity certification. This platform offers a comprehensive suite of services, including asset inventory, vulnerability management, and compliance management, tailored for federal agencies. It aligns with NIST 800-53 standards and includes advanced features like external attack surface management and file integrity monitoring. Qualys aims to provide federal agencies with a modern alternative to outdated security solutions. The GovCloud platform will be available in late February, marking a significant advancement in federal cybersecurity readiness.

Qualys, Inc. (NASDAQ: QLYS), a leader in cloud-based IT security and compliance solutions, will release its financial results for Q4 and full year 2022 on February 9, 2023, after market close. A conference call and live webcast will be held at 5:00 PM ET on the same day for discussion of these results. The company serves over 10,000 subscription customers, including many from the Forbes Global 100 and Fortune 100, leveraging a cloud platform that integrates vulnerability management across various IT environments. For more details, visit www.qualys.com.