Reading the tape
NASDAQ: QLYS
Qualys, Inc.
Technology · Software - Infrastructure
Market Cap
$3.21B
52w High
$155.47
52w Low
$74.51
P/E
16.23
Volume
313.30K
Outstanding Shares
35.68M
Price vs Fundamentals
Why The Stock Is Moving
Likely multiple compressionModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: -28.94%Revenue (TTM): 10.13%FCF (TTM): 31.35%P/FCF: 0th pct
What changed
The stock fell 28.94% over the last year. Revenue grew 10.13% over the trailing twelve months. Operating margin moved from 30.81% to 33.17%. Free cash flow grew 31.35% over the trailing twelve months.
What the market seems to be pricing
Visible fundamentals weakened far less than the stock price, and the shares now sit around the 0th percentile of their historical P/FCF range. That looks more like a rerating of the multiple than a collapse in the business.
What would invalidate this read
This read changes if operating margin (currently 33.17%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.
Company profile
Qualys, Inc. provides cloud-based information technology (IT), security, and compliance solutions in the United States and internationally.
CEOSumedh S. Thakar
SectorTechnology
IndustrySoftware - Infrastructure
Employees2,443
IPO dateSep 28, 2012
Valuation
Forward P/E—
EV/EBITDA17.80
Enterprise value$4.65B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth10.11%
Gross margin82.85%▲1.47%vs FY2024
Operating margin33.17%▲7.66%vs FY2024
ROE35.34%▼2.91%vs FY2024
Analyst consensus
RatingHold
Target price$124.33▲38.37%
17
Buy
27
Hold
4
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 5, 2026
Q2 FY26 · EPS est $1.81 · Revenue est $173.66M
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