Qualys, Inc


SKU: QLYS-1 Category:


Qualys delivered a strong set of results for the previous quarter, surpassing Wall Street expectations in terms of revenues as well as earnings. It was another quarter of steady VMDR (Vulnerability, Management, Detection, Response) adoption that has developed 45% of the company’s customers worldwide. The last quarter remained the same for CSOs and CIOs as they prioritized integrated security solutions to strengthen their security and optimize budgets through agent reduction and response times to take risks and costs down. VMDR applications of the company saw an increasing number of vendors and Qualys managed to build a high positioning in the recent market. The company also managed to expand engagement with a Fortune 100 company in a competitive mid-6-figure upsell. Besides that, in the third quarter, the company expanded its relationships with several MSSPs and entered into a new partnership with the cyber insurance company to aid in reduced premiums for its customers using VMDR with true risk. We remain neutral on Qualys and  maintain our ‘Hold’ rating with a revised target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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