Notable Moving Stock: Qualys, Inc. (NASDA: QLYS)

Shares of Qualys, Inc. (NASDA: QLYS) closed with gain of +4.19 percent to $94.40. Recent traded volume was 342,594 shares versus to it an average volume of 349,561 shares. The company holds 38.98M shares outstanding and market cap of 3.68 billion. The stock’s day range was recorded between a low of $91.20 and a high $95.45. The one year high of the company is $97.75 and the one year low is $39.45.

Qualys, Inc. (QLYS) recently stated financial results for the 1st quarter ended March 31, 2018. For the quarter, the Company stated revenues of $64.9M, net income under Generally Accepted Accounting Principles (“GAAP”) of $9.1M, non-GAAP net income of $15.0M, Adjusted EBITDA of $24.6M, GAAP earnings per diluted share of $0.22, and non-GAAP earnings per diluted share of $0.36.

1st Quarter 2018 Financial Highlights

Revenues: Revenues for the 1st quarter of 2018 raised by 22 percent to $64.9M contrast to $53.1M for the same quarter in 2017.

Gross Profit: GAAP gross profit for the first quarter of 2018 rose by 20 percent to $49.0Mcontrast to $40.8M for the same quarter in 2017. GAAP gross margin percentage was 75 percent for the 1st quarter of 2018 contrast to 77 percent for the same quarter in 2017. Non-GAAP gross profit for the 1st quarter of 2018 raised by 22 percent to $50.2M contrast to $41.3M for the same quarter in 2017. Non-GAAP gross margin percentage was 77 percent for the first quarter of 2018 contrast to 78 percent for the same quarter in 2017.

Operating Income: GAAP operating income for the first quarter of 2018 rose by 10 percent to $8.4M contrast to $7.7M for the same quarter in 2017. As a percentage of revenues, GAAP operating income was 13 percent for the first quarter of 2018 contrast to 14 percent for the same quarter in 2017. Non-GAAP operating income for the 1st quarter of 2018 raised by 52 percent to $18.2M contrast to $12.0M for the same quarter in 2017. As a percentage of revenues, non-GAAP operating income was 28 percent for the first quarter of 2018 contrast to 23 percent for the same quarter in 2017.

Net Income: GAAP net income for the 1st quarter of 2018 was $9.1M, or $0.22 per diluted share, contrast to $21.9M, or $0.56 per diluted share, for the same quarter in 2017. Non-GAAP net income for the first quarter of 2018 was $15.0M, or $0.36 per diluted share, contrast to non-GAAP net income of $8.0M, or $0.20 per diluted share, for the same quarter in 2017.

Adjusted EBITDA: Adjusted EBITDA (a non-GAAP financial measure) for the 1st quarter of 2018 raised by 46 percent to $24.6M contrast to $16.8M for the same quarter in 2017. As a percentage of revenues, Adjusted EBITDA was 38 percent for the 1st quarter of 2018 contrast to 32 percent for the same quarter in 2017.

Operating Cash Flow: Operating cash flow for the 1st quarter of 2018 rose by 33 percent to $43.0M contrast to $32.4M for the same quarter in 2017. As a percentage of revenues, operating cash flow was 66 percent for the 1st quarter of 2018 contrast to 61 percent for the same quarter in 2017.

Adoption of the new revenue recognition standard (ASC 606): ASC 606 resulted in the Company being required to capitalize commission expenses relating to new and upsell business and amortizing the expense over five years. Without the adoption of ASC 606, commission expenses would have been $0.5M higher in our 1st quarter of 2018.

1st Quarter 2018 Business Highlights

Select New Consumers:

  • Anglo American, Bose Corporation, CarMax, Fortune Brands, Johnson Matthey, Mondelēz International, Inc., Ring, Scentre Group, Smithsonian Institution

Business Highlights:

  • Reported the acquisition of the software assets of 1Mobility, Singapore. The acquisition will allow Qualys to provide enterprises of all sizes with the ability to create and continuously update an inventory of mobile devices on all versions of Android, iOS and Windows Mobile in their environment; and to continuously assess their security and compliance posture, while quarantining devices that are compromised or out-of-compliance. 1Mobility, Singapore’s solutions will be fully integrated with the Qualys Cloud Platform and its Cloud Apps. The solution will be commercially accessible in early 2019.

The stock price is trading upbeat from its 200 days moving average with 37.07 percent and up from 50 days moving average with 14.31 percent. Analyst recommendation for this stock stands at 2.40. A look on the firm performance, its monthly performance is 6.55 percent and a quarterly performance of 21.49 percent.

      

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