QLYS Stock Summary and Trading Ideas (Qualys | NASDAQ:QLYS)

Qualys Inc. is a cloud security and compliance solutions provider that helps businesses identify and manage their security risks and compliance requirements. The California-based company has more than 10,000 customers worldwide, the majority of which are small- and medium-sized businesses. Qualys was founded in 1999 and went public in 2012.

Qualys trades on the NASDAQ stock market under the symbol QLYS.

As of April 24, 2024, QLYS stock price climbed to $172.11 with 326,581 million shares trading.

QLYS has a beta of 1.14, meaning it tends to be more sensitive to market movements. QLYS has a correlation of 0.22 to the broad based SPY ETF.

QLYS has a market cap of $6.36 billion. This is considered a Mid Cap stock.

Last quarter Qualys reported $145 million in Revenue and $1.40 earnings per share. This fell short of revenue expectation by $-250,000 and exceeded earnings estimates by $.16.

In the last 3 years, QLYS stock traded as high as $206.35 and as low as $92.00.

The top ETF exchange traded funds that QLYS belongs to (by Net Assets): RAYD, CIBR, IJH, VTI, IWM.

QLYS has outperformed the market in the last year with a price return of +39.2% while the SPY ETF gained +24.2%. However, in the short term, QLYS had mixed performance relative to the market. It has underperformed in the last 3 months, returning -13.2% vs +4.6% return in SPY. But in the last 2 weeks, QLYS shares have fared better than the market returning +2.8% compared to SPY -2.7%.

QLYS support price is $168.65 and resistance is $174.43 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that QLYS stock will trade within this expected range on the day.