Qualys Inc Stock Price, News & Analysis

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 free access to its Web Application Scanning (WAS) solution for 30 days to combat the Log4Shell vulnerability, a critical zero-day threat. With this initiative, Qualys aims to assist organizations in detecting and mitigating risks associated with the CVE-2021-44228 flaw that affects web applications globally. The WAS tool simulates attack patterns to accurately identify vulnerable sites, helping organizations secure their systems against potential exploits. CEO Sumedh Thakar emphasized the urgency of addressing this vulnerability, calling it one of the most alarming threats in a decade.

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) will host its annual Qualys Security Conference (QSC) on November 17-18, 2021, in Las Vegas, featuring industry experts and keynotes from Chris Krebs and CEO Sumedh Thakar. The event focuses on enhancing cybersecurity practices amid rising cyber threats and includes free training sessions on best practices and product features. Attendees can network and explore Qualys’ unified security solutions aimed at improving IT visibility and compliance management. Registration for attendees is complimentary.

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.