Company Description
Qualys, Inc. (NASDAQ: QLYS) is a cloud-based security, compliance and IT solutions provider that focuses on helping organizations manage cyber risk across complex, hybrid environments. Founded in 1999 as one of the first SaaS security companies, Qualys has grown to serve more than 10,000 subscription customers worldwide, including a majority of the Forbes Global 100 and Fortune 100. The company is based in Foster City, California and operates in the information sector within data processing, hosting, and related services.
According to its corporate descriptions, Qualys helps organizations streamline, consolidate and automate security and compliance solutions onto a single platform to improve agility, business outcomes and cost efficiency. Its core offering is the Qualys Enterprise TruRisk Platform, which leverages a single agent to continuously deliver critical security intelligence. This platform is designed to automate the full spectrum of vulnerability detection, compliance, and protection for IT systems, workloads and web applications across on-premises environments, endpoints, servers, public and private clouds, containers and mobile devices.
The company positions itself as a pioneer and leading provider of disruptive cloud-based IT, security and compliance solutions. Its Enterprise TruRisk Platform underpins broader Enterprise TruRisk Management (ETM), which focuses on pre-breach cyber risk management. ETM aligns vulnerability detection, compliance, protection and risk verification workflows within a unified Risk Operations Center (ROC) framework, with the goal of enabling measurable and provable risk reduction for organizations.
Business model and platform focus
Qualys generates its business through subscription-based cloud security and compliance solutions. The company highlights more than 10,000 subscription customers and emphasizes that many are large global enterprises, including a majority of the Forbes Global 100 and Fortune 100. Its platform-centric approach is built around a single agent architecture that continuously collects and analyzes security data to provide visibility into assets, vulnerabilities, configuration issues and compliance posture.
The Enterprise TruRisk Platform is described as delivering continuous security intelligence and supporting automated workflows for vulnerability detection, compliance checks and protection actions. By consolidating multiple security and compliance capabilities onto one platform, Qualys aims to help customers reduce operational complexity and achieve cost savings while improving their ability to manage cyber risk.
Enterprise TruRisk Management and Risk Operations Center
Qualys has introduced Enterprise TruRisk Management (ETM) as a risk-centric layer on its platform. ETM is designed to unify risk management workflows and support a Risk Operations Center (ROC) model. Within this framework, Qualys aggregates exposures across IT systems, workloads, web applications and cloud environments, and maps them to business value using a common risk language referred to as TruRisk™.
ETM capabilities include identity-focused risk management, contextual threat intelligence for prioritization, and exploit validation. The company describes ETM as helping organizations predict and guard against new and emerging attack vectors, anticipate where attackers are most likely to strike, and measure and communicate risk reduction at the executive and board level.
Agentic AI and cyber risk AI agents
Qualys has announced the integration of Agentic AI into its platform, introducing a marketplace of Cyber Risk AI Agents. These agents are described as autonomously driving every step of cyber risk operations, from discovering external attack surfaces and assessing risk against trending threats to prioritizing exposures based on asset and business context. The goal is to reduce operational costs, eliminate repetitive tasks and enable autonomous, risk-focused workflows.
The company highlights that these AI agents support continuous risk insights and prioritization, as well as adaptive remediation for faster reduction of mean time to remediation. Qualys also notes that security teams can build custom, no-code AI agents tailored to their specific business needs, enabling scalable automation of risk management workflows.
Identity, threat prioritization and exploit validation
Within Enterprise TruRisk Management, Qualys has introduced capabilities such as ETM Identity, TruLens and TruConfirm. ETM Identity focuses on identity-related risks for both human and non-human identities, unifying visibility, context and remediation across identity and access management systems, and correlating identity and asset risk into a single Identity TruRisk™ score. This is intended to help security teams target lateral movement paths and secure high-risk service and machine identities.
TruLens is described as delivering real-time, tailored threat intelligence that dynamically re-ranks exposures based on live threat analysis and business impact context. It unifies threat and vulnerability data, enriches it with asset and business context, and surfaces risks most likely to affect critical operations. TruConfirm extends the platform by safely confirming the exploitability of exposures through real-world attack scenarios, identifying where security controls have failed and providing clear proof of risk. Combined, these capabilities are intended to focus remediation on exposures that meaningfully reduce incident likelihood.
Public sector and FedRAMP High authorization
Qualys has developed a Qualys Government Platform and Qualys Government Cloud for public sector customers. The company announced that this platform has achieved FedRAMP High Authorization, sponsored by the U.S. Drug Enforcement Agency. FedRAMP High is described as the most rigorous authorization level within the Federal Risk and Authorization Management Program, aligned with NIST 800-53 High Impact controls and reserved for cloud services handling the U.S. federal government’s most sensitive unclassified data.
With FedRAMP High Authorization, Qualys states that it is among a limited group of cybersecurity platforms offering a full-spectrum security solution at this level. The Government Platform is described as providing vulnerability management, compliance, endpoint detection and response (EDR), asset inventory, policy enforcement, web application security and, in the future, cloud-native application protection, in a single scalable solution designed to meet high federal security standards.
Product and solution areas
Across its public descriptions, Qualys outlines several solution areas that are delivered through its cloud platform. These include:
- Vulnerability management and exposure management, including vulnerability detection and response across IT systems, workloads and web applications.
- Compliance and policy audit capabilities to streamline evidence collection, prioritize risk-based remediation and support continuous audit readiness.
- Endpoint detection and response (EDR) and asset inventory to provide broad visibility and control across the risk surface.
- Cloud security and cloud-native application protection, including offerings referenced as TotalCloud and cloud-native application protection platform (CNAPP) capabilities.
- Attack surface management and exposure management, as recognized in analyst reports such as KuppingerCole Leadership Compass.
- AI security capabilities within the TotalAI solution, including protections for machine learning operations (MLOps) pipelines.
These solution areas are integrated through the Enterprise TruRisk Platform and ETM, which aim to unify detection, prioritization and remediation workflows.
Customer base and partnerships
Qualys reports more than 10,000 subscription customers worldwide and notes that this includes a majority of the Forbes Global 100 and Fortune 100. The company emphasizes strategic partnerships and integrations with major cloud service providers, including Amazon Web Services, Google Cloud Platform, Microsoft Azure and Oracle Cloud Infrastructure. It also cites relationships with leading managed service providers and global consulting organizations, as well as managed Risk Operations Center (mROC) alliance partners.
These partnerships are described as enabling Qualys to integrate its vulnerability management and broader risk management capabilities into third-party security offerings and managed services, extending the reach of its platform across different deployment models and customer segments.
Recognition and industry positioning
Qualys highlights multiple recognitions from analyst firms and industry awards. Examples include leadership positions in IDC MarketScape reports for cloud native application protection platform (CNAPP) and exposure management, GigaOm Radar reports for patch management and CNAPP, Gartner Market Guide for CNAPP, and KuppingerCole Leadership Compass for API security and attack surface management. The company also notes awards for its TotalCloud and Vulnerability Management, Detection and Response (VMDR) applications in cloud security and vulnerability management categories.
These recognitions are presented by Qualys as evidence of its role in cloud security, exposure management and risk-driven cybersecurity across hybrid environments, from code to runtime and from containers to compliance.
Stock information and regulatory profile
Qualys, Inc. trades on the NASDAQ under the ticker symbol QLYS. The company files periodic and current reports with the U.S. Securities and Exchange Commission (SEC), including Form 8-K filings that report quarterly financial results under Item 2.02, “Results of Operations and Financial Condition.” Recent 8-K filings have been used to furnish press releases announcing quarterly results and related investor conference calls.
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Short Interest History
Short interest in Qualys (QLYS) currently stands at 3.1 million shares, down 3.1% from the previous reporting period, representing 8.7% of the float. Over the past 12 months, short interest has increased by 18.3%. The 6.8 days to cover indicates moderate liquidity for short covering.
Days to Cover History
Days to cover for Qualys (QLYS) currently stands at 6.8 days, down 22.6% from the previous period. This moderate days-to-cover ratio suggests reasonable liquidity for short covering, requiring about a week of average trading volume. The days to cover has decreased 21% over the past year, suggesting improved liquidity for short covering. The ratio has shown significant volatility over the period, ranging from 5.2 to 11.1 days.