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Qualys (QLYS) Beats Q1 Earnings and Revenue Estimates

Qualys, Inc. QLYS just released its first quarter fiscal 2016 earnings results, posting earnings of $0.13 per share and revenue of $46.2 million.  

Currently, QLYS has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.

Qualys:                                                    

1. Beat earnings estimates. The company posted earnings of $0.13 per share, surpassing our Zacks Consensus Estimate of $0.08 per share. Earnings, adjusted for stock option expense, came to 21 cents per share.

2. Beat revenue estimates. The company saw revenue figures of $46.2 million, topping our consensus estimate of $45 million and reflecting a positive 23.2% year-over-year change.

3. Announced in a separate release the appointment of Melissa Fisher as Chief Financial Officer.

4. For Q2, management now expects revenues to be in the range of $47.6 million-$48.3 million, GAAP earnings per share in the range of $0.06-$0.08 per share, and non-GAAP earnings per share to be in the range of $0.15-$0.17 per share.

5. QLYS was down $0.99, or 3.81%, to $25.00 as of 4:57 PM ET in after-hours trading shortly after its earnings report was released.

Here’s a graph that looks at Qualys’ street EPS and surprise percent:

Qualys, Inc. is a provider of cloud security and compliance solutions that enable organizations to identify security risks to their information technology infrastructures help protect their IT systems and applications from cyber-attacks. The Company's solutions are provided through its QualysGuard Cloud Platform. It offers products for vulnerability management, policy compliance, web application scanning, malware detection, and associated security products. Qualys, Inc. is headquartered in Redwood City, California.

Check back later for our full analysis onQualys’ first quarter earnings report!

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