Keep Your Eyes on This Stock: Qualys (NASDAQ:QLYS)

Qualys (NASDAQ:QLYS) stock identified change of 26.40% away from 52-week low price and recently located move of -14.19% off 52-week high price. It has market worth of $3270.26M. QLYS stock has been recorded 5.72% away from 50 day moving average and -0.80% away from 200 day moving average. Moving closer, we can see that shares have been trading 6.73% off 20-day moving average.

On Oct. 30, 2019, Qualys (NASDAQ:QLYS) a pioneer and leading provider of cloud-based security and compliance solutions, reported financial results for the third quarter ended September 30, 2019. For the quarter, the Company reported revenues of $82.7 million, net income under United States Generally Accepted Accounting Principles (GAAP) of $19.2 million, non-GAAP net income of $27.2 million, adjusted EBITDA of $39.2 million, GAAP earnings per diluted share of $0.47, and non-GAAP earnings per diluted share of $0.66.

We are pleased to report another strong quarter with robust growth in Qualys Cloud Agent subscriptions and multi-product adoption. We now have nearly 800 customers using our free groundbreaking Global IT Asset Discovery and Inventory solution, which provides customers real-time visibility of their devices across on-premises, endpoints, cloud, containers and mobile environments in a single-pane-of-glass view. This is very strategic as visibility in the new hybrid computing environment is the cornerstone of security, said Philippe Courtot, chairman and CEO of Qualys.

As we continue to lay the foundation for our future growth, I am delighted to announce the promotion of three Qualys executives, Sumedh Thakar to President and Chief Product Officer, Laurie MacCarthy to EVP, Worldwide Field Operations and Dilip Bachwani to SVP, Cloud Platform, Ops and Dev Ops as well as a new addition to the team with Mustafa Mahudhawala joining us as our VP of Global Customer Service. Finally, I am pleased to announce our Board has authorized an additional 2-year $100 million open market share repurchase program, which reflects our commitment to minimize dilution and belief in our cloud model to continue growing shareholder value, continued Courtot. The Technology sector company, Qualys noticed change of 0.86% to $83.34 along volume of 752169 shares in recent session compared to an average volume of 323.61K. The stock observed return of 6.87% in 5 days trading activity. The stock was at 9.47% over one month performance. QLYS’s shares are at -1.19% for the quarter and driving a 13.99% return over the course of the past year and is now at 11.51% since this point in 2018.

The average volatility for the week at 2.98% and for month was at 2.96%. There are 39.24M shares outstanding and 33.53M shares are floated in market. Right now the stock beta is 1.36.

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