Qualys Reports Earnings Tomorrow. What To Expect

Kayode Omotosho /
2022/02/09 5:50 am EST

Cloud security and compliance software provider Qualys (NASDAQ:QLYS) will be reporting results tomorrow after the bell. Here's what to look for.

Last quarter Qualys reported revenues of $104.9 million, up 12.7% year on year, in line with analyst expectations. It was a mixed quarter for the company, with a strong sales guidance for the next quarter but a slower revenue growth compared to some of its peers.

Is Qualys buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Qualys's revenue to grow 11.9% year on year to $106.1 million, in line with the year-over-year increase in revenue the company had recorded in the same quarter last year. Earnings are expected to come in at $0.8 per share.

Qualys Total Revenue

The company only missed Wall St's revenue estimates once over the last two years, and has on average exceeded top line expectations by 0.74%.

Looking at Qualys's peers in the cybersecurity segment, only Tenable (NASDAQ:TENB) has so far reported results, delivering top-line growth of 26.1% year on year, and beating analyst estimates by 3.09%. The stock was down 2.81% on the results. Read our full analysis of Tenable's earnings results here.

The fears around raising interest rates have been putting pressure on tech stocks and while some of the SaaS stocks have fared somewhat better, they have not been spared, with share price declining 7.48% over the last month. Qualys is up 0.32% during the same time, and is heading into the earnings with with analyst price target of $113.1, compared to share price of $130.96.

One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.

The author has no position in any of the stocks mentioned.