Qualys Inc: Slides on weak Q1 forecast

Qualys

11/02/2021 15:22

** Cloud-based security and compliance solutions provider's
shares  QLYS.O  fall 13% to $102 
    ** Co, on Wednesday after-market, forecasted Q1 revenue in
the range of $94.8 mln to $95.4 mln below estimate of $97 mln,
according to Refinitiv IBES   urn:newsml:reuters.com:*:nPn6rfbhva
    ** QLYS sees Q1 adj. profit in the range of 68-70
cents/share vs estimate of 70 cents/share 
    ** Co's Q4 total operating expenses rose 2.5% to $49 mln
    ** Co's Q4 profit, revenue, however, beat analyst estimates
    ** At least 3 brokerages cut PT
    ** 4 of 15 brokerages rate the stock "buy" or higher, 8
"hold" and 3 "sell" or lower; their median PT is $110 -Refinitiv
data
    ** QLYS shares are down 3.5% YTD, as of last close

 (Reporting by Lasya Priya M in Bengaluru)
 ((LasyaPriya.M@thomsonreuters.com;))