Technology Sector Ideas

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Qualys, Inc. (NASDAQ:QLYS) - >>> Number of Hedge Fund Holders: 25


https://www.insidermonkey.com/blog/12-high-growth-software-stocks-that-are-profitable-1122091/


Shares of IT security and compliance platform company Qualys, Inc. (NASDAQ:QLYS) have gained about 5% so far in 2023 through February 16. Qualys, Inc. (NASDAQ:QLYS)’s fourth quarter results show that the company saw a 19.2% YoY growth in revenue. Non-GAAP EPS in the quarter came in at $1.01, surpassing estimates by $0.11.

Qualys, Inc. (NASDAQ:QLYS) also announced a $100 million increase in its share buyback program. For the fiscal first quarter of 2023, Qualys, Inc. (NASDAQ:QLYS) is expecting its revenue to come in between $130.2 million to $131 million, which will show YoY growth of 15%-16%.

A total of 25 hedge funds tracked by Insider Monkey had stakes in Qualys, Inc. (NASDAQ:QLYS) as of the end of the third quarter of 2022. The biggest stakeholder of Qualys, Inc. (NASDAQ:QLYS) during this period was Terry Smith’s Fundsmith LLP which owns a $92 million stake in the firm.

Polen Capital made the following comment about Qualys, Inc. (NASDAQ:QLYS) in its Q4 2022 investor letter:

“Qualys, Inc. (NASDAQ:QLYS) is a provider of cloud-based cybersecurity software primarily focused on the vulnerability management segment. While the company has outperformed year to date, it experienced weakness after reporting earnings results and given investors’ concerns over decelerating billings growth and lower-than expected fourth-quarter guidance. While the market was disappointed, these results were in-line with our expectations, and we still believe Qualys’s growth is impressive and presents an attractive long-term opportunity for investors.”

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