Qualys stock surges 28% in a month, driven by strong portfolio and partnerships

From Nasdaq: 2024-11-29 08:36:00

Qualys (QLYS) shares have surged 28.1% in the past month, outperforming the Security industry and the S&P 500 index. The company’s strong portfolio, customer retention, and financials are driving this growth.

Qualys has expanded its portfolio with innovative product launches like Risk Operations Center and Qualys TotalAI. The company also introduced TruRisk Eliminate, CyberSecurity Asset Management 3.0, and TotalCloud 2.0 to enhance its offerings.

Qualys leads in Vulnerability Management, Detection, and Response solutions, with increasing customer penetration. The company saw a 15% increase in customers spending $500,000 or more in Q3 2024.

Qualys benefits from a robust partner base including Verizon, Microsoft, Google Cloud, and Infosys. Revenue projections for 2024 are strong, with expected growth of 9% and earnings per share increase of 11%.

Investors are urged to consider buying Qualys stock (Zacks Rank #2) due to its position in the cybersecurity space, innovative portfolio, and growth potential. The company’s strong partnerships and financial outlook make it an attractive investment option.



Read more at Nasdaq: Qualys Rises 28% in a Month: Should You Buy, Hold or Sell the Stock?