Cybersecurity cloud platform provider Qualys (NASDAQ: QLYS) will be reporting results this Tuesday afternoon. Here’s what to expect.
Qualys beat analysts’ revenue expectations last quarter, reporting revenues of $175.3 million, up 10.1% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ EBITDA estimates but full-year EPS guidance slightly missing analysts’ expectations.
Is Qualys a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Qualys’s revenue to grow 8.6% year on year, slowing from the 9.7% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Qualys has a history of exceeding Wall Street’s expectations.
Looking at Qualys’s peers in the cybersecurity segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Tenable delivered year-on-year revenue growth of 9.6%, beating analysts’ expectations by 1.2%, and Varonis Systems reported revenues up 26.9%, topping estimates by 4.6%. Tenable traded down 2.7% following the results while Varonis Systems was up 7.3%.
Read our full analysis of Tenable’s results here and Varonis Systems’s results here.
There has been positive sentiment among investors in the cybersecurity segment, with share prices up 8.7% on average over the last month. Qualys is down 2.2% during the same time and is heading into earnings with an average analyst price target of $124.12 (compared to the current share price of $88.35).
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