Qualys (QLYS – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Shaul Eyal from TD Cowen maintained a Hold rating on the stock and has a $150.00 price target.
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Shaul Eyal’s rating is based on a mixture of positive and cautious elements observed in Qualys’s performance and outlook. Although the company delivered slightly better-than-expected results for the fourth quarter of 2024, there are concerns about the lack of a robust growth inflection point, particularly in terms of revenue. The revenue outlook for fiscal year 2025 is cautious, partially due to the departure of the Chief Revenue Officer and anticipated moderate growth with new client acquisitions.
Additionally, while the company experienced a margin beat driven by lower-than-expected operating expenses, the outlook for fiscal year 2025 remains conservative. Management predicts only a 7% year-over-year revenue growth, aligning with market expectations but indicating a potential slowdown. The expected capital expenditures are significantly lower than street estimates, contributing to a conservative earnings per share target. These factors combined lead to a Hold rating for Qualys’s stock, reflecting a balanced view of its current and future prospects.
According to TipRanks, Eyal is a top 25 analyst with an average return of 27.5% and a 70.16% success rate. Eyal covers the Technology sector, focusing on stocks such as Fortinet, Palo Alto Networks, and Cloudflare.