Qualys price target lowered to $140 from $150 at Scotiabank

Scotiabank analyst Patrick Colville lowered the firm’s price target on Qualys (QLYS) to $140 from $150 and keeps a Sector Perform rating on the shares. The company reported a “good enough” Q4 current billings growth and 2025 initial revenue outlook, the analyst tells investors. While Qualys is a “legendary company,” the firm would like to see evidence of a ramp from newer products before getting more positive on the shares.