Revenue Growth - Q4 2024 revenue increased by 10% year-over-year to $159.2 million, compared to $144.6 million in Q4 2023[3] - Full year 2024 revenue also grew by 10% to $607.6 million, up from $554.5 million in 2023[9] - For Q1 2025, management expects revenues to be between $155.5 million and $158.5 million, representing 7% to 9% growth year-over-year[20] - Full year 2025 revenue guidance is projected to be between $645.0 million and $657.0 million, indicating 6% to 8% growth over 2024[21] - Revenues for Q4 2024 reached $159.191 million, a 10% increase from $144.570 million in Q4 2023[38] - Non-GAAP calculated current billings for the three months ended December 31, 2024, were $192,827,000, a 13% increase from $170,658,000 in the same quarter of 2023[50] Profitability - GAAP net income for Q4 2024 rose by 8% to $44.0 million, or $1.19 per diluted share, compared to $40.6 million, or $1.08 per diluted share, in Q4 2023[6] - Non-GAAP net income for Q4 2024 was $59.4 million, or $1.60 per diluted share, compared to $52.8 million, or $1.40 per diluted share, in Q4 2023[6] - Net income for the full year 2024 was $173.680 million, compared to $151.595 million in 2023, representing a 15% year-over-year growth[38] - Non-GAAP net income per diluted share for Q4 2024 was $1.19, compared to $1.08 in Q4 2023, indicating a 10% increase[38] - The net income as a percentage of revenues for the twelve months ended December 31, 2024, was 29%, compared to 27% in 2023, indicating improved profitability[44] Cash Flow and Assets - Operating cash flow for Q4 2024 increased by 41% to $47.7 million, representing 30% of revenues, compared to 23% in Q4 2023[8] - Cash and cash equivalents rose to $232.182 million in 2024, up from $203.665 million in 2023, a 14% increase[40] - Total assets increased to $973.537 million in 2024 from $812.618 million in 2023, marking a 20% growth[40] - The net cash provided by operating activities for the twelve months ended December 31, 2024, was $244,094,000, nearly unchanged from $244,605,000 in 2023[42] - The company reported a net increase in cash, cash equivalents, and restricted cash of $27,017,000 for the twelve months ended December 31, 2024[42] Expenses and Compensation - Operating expenses for Q4 2024 totaled $80.741 million, compared to $75.971 million in Q4 2023, reflecting a 6% increase[38] - Stock-based compensation for the twelve months ended December 31, 2024, totaled $77,133,000, up from $69,079,000 in 2023, indicating an increase of approximately 11.5%[44] Industry Recognition and Product Development - The company received multiple industry recognitions, including being named a leader in various cybersecurity solution categories by Gartner and KuppingerCole[16] - Qualys launched several new products, including the Risk Operations Center and TruRisk Eliminate, enhancing its cybersecurity offerings[21] Future Projections - The company expects a non-GAAP effective income tax rate of 21% for 2025, which may be adjusted based on various factors[34] - Deferred revenues increased to $371.457 million in 2024 from $333.267 million in 2023, indicating strong future revenue potential[40] - Adjusted EBITDA for the twelve months ended December 31, 2024, was $282,842,000, compared to $259,139,000 in 2023, reflecting a year-over-year increase of about 9.2%[44] - Free cash flows for the twelve months ended December 31, 2024, were $231,760,000, slightly down from $235,819,000 in 2023[48] - The company announced a $200 million increase to its share repurchase program[1]

mROC, powered by Qualys Enterprise TruRisk™ Management, accelerates revenue paths for partners helping CISOs articulate cyber risk as business risk FOSTER CITY, Calif., Feb. 5, 2025 /PRNewswire/ -- Qualys, Inc. (NASDAQ: QLYS), a leading provider of disruptive cloud-based IT, security and compliance solutions, today announced the Managed Risk Operations Center (mROC) Partner Alliance, allowing select Qualys partners to expand their revenue streams by offering advisory, onboarding, integration, and remediatio ...

Core Viewpoint - Qualys (QLYS) is expected to report its fourth-quarter 2024 earnings on February 6, 2025, with anticipated revenue growth and a slight decline in earnings per share compared to the previous year [1][3]. Revenue Expectations - For the fourth quarter, Qualys anticipates revenues between $154.5 million and $157.5 million, with a consensus estimate of $156.1 million, reflecting an 8% increase from $144.57 million in the same quarter last year [2]. Earnings Projections - The company expects non-GAAP earnings per share to be between $1.28 and $1.38, with the consensus mark remaining at $1.35 per share, indicating a 3.6% decline from last year's $1.40 [3]. Market Dynamics - The performance in the fourth quarter is likely supported by increased demand for security and networking products due to the hybrid working trend and accelerated digital transformations [4]. - Qualys' subscription-based business model has provided stability in revenue, allowing for durable growth and strong cash flow [5]. Customer Engagement - The company's ability to attract new customers and retain existing ones has been strong, with a significant number of six-figure deals closed in recent quarters, likely contributing to revenue growth [6]. Economic Challenges - However, the overall financial performance may be impacted by enterprises postponing large IT spending due to a weakening global economy and customer transitions from Qualys on Microsoft Defender to TotalCloud CNAPP [7]. Earnings Prediction Model - The current model does not predict a definitive earnings beat for Qualys, as it holds a Zacks Rank 3 and an Earnings ESP of 0.00% [8].

TotalAppSec integrates API security, web application scanning, and AI-driven malware detection into single risk-based approachFOSTER CITY, Calif., Feb. 3, 2025 /PRNewswire/ -- Qualys, Inc. (NASDAQ: QLYS), a leading provider of disruptive cloud-based IT, security and compliance solutions, today announced TotalAppSec, its new AI-powered application risk management solution to enable organizations to monitor and mitigate cyber risk from critical web applications and APIs. Qualys TotalAppSec unifies API securit ...

FOSTER CITY, Calif., Jan. 23, 2025 /PRNewswire/ -- Qualys, Inc. (NASDAQ: QLYS), a pioneer and leading provider of disruptive cloud-based IT, security and compliance solutions, today announced that the company will report its financial results for the fourth quarter 2024 after the market closes on Thursday, February 6, 2025.Qualys will host a conference call and live webcast to discuss its fourth quarter 2024 financial results at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) on Thursday, February 6, 2025. ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as we ...

Core Viewpoint - Qualys (QLYS) has been upgraded to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][2] Earnings Estimates and Stock Price Movement - Changes in a company's future earnings potential, reflected in earnings estimate revisions, are strongly correlated with near-term stock price movements [3] - Institutional investors utilize earnings estimates to determine the fair value of a company's shares, leading to stock price movements based on their buying or selling actions [3] Qualys' Earnings Outlook - The upgrade for Qualys indicates an improvement in the company's underlying business, which is expected to positively influence its stock price [4] - For the fiscal year ending December 2024, Qualys is projected to earn $5.85 per share, representing an 11% increase from the previous year [7] - Over the past three months, the Zacks Consensus Estimate for Qualys has risen by 9.4% [7] Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a proven track record of Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [6] - The Zacks rating system maintains a balanced distribution of 'buy' and 'sell' ratings, ensuring that only the top 20% of stocks are positioned for superior earnings estimate revisions [8][9]

Tech Sector Performance - The technology sector delivered a stellar performance in 2024, with the Nasdaq Composite Index soaring 28.6%, outperforming the S&P 500's 23.3% rise and the Dow Jones Industrial Average's 12.9% gain [2] - The tech boom was fueled by the widespread adoption of artificial intelligence (AI), high-performance computing, and cloud technologies, with businesses embracing generative AI and advanced analytics, pushing semiconductor demand to new heights [3] - Macroeconomic tailwinds, including Federal Reserve interest rate cuts and easing inflation, boosted investor confidence in growth-focused tech stocks, while stabilized supply chains revitalized hardware production [4] Bargain Tech Stocks - Despite the tech sector's rally, some fundamentally strong companies remained underappreciated or experienced significant declines, offering compelling investment opportunities for 2025 [5] - Five9, Inc, Qualys, Inc, Zscaler, Inc, and VTEX are among the stocks that were overlooked during last year's tech rally, with strong fundamentals and solid growth prospects [6] - These stocks have a favorable combination of a Growth Score of A or B and a Zacks Rank 1 (Strong Buy) or 2 (Buy), indicating solid investment opportunities [7] Company Highlights - Five9 provides cloud software for contact centers, with products like workforce management and AI-powered solutions, and its stock plunged 48.4% in 2024, underperforming the Zacks Internet – Software industry's rise of 31.4% [8][9] - Qualys offers cloud security and compliance solutions, with its stock tanking 28.6% in 2024, underperforming the Zacks Security industry's decline of 18.6%, but is poised for a strong recovery in 2025 due to surging demand for security products [10][11] - Zscaler provides enterprise network security services, with its stock plunging 18.5% in 2024, underperforming the Zacks Internet – Services industry's jump of 31.1%, but is well-positioned to benefit from rising demand for cybersecurity solutions [12][13] - VTEX offers a SaaS digital commerce platform, with its stock plunging 14.3% in 2024, underperforming the Zacks Internet – Software industry's growth of 31.4%, but is expected to grow in 2025 due to its robust platform and expansion in Latin America and global markets [14][15] Future Outlook - The tech sector remains a powerhouse, with 2025 promising greater opportunities in AI, cybersecurity, and cloud technologies, making stocks like Five9, Qualys, Zscaler, and VTEX attractive for investors [18]

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style Scores? T ...

The Zacks Security industry is experiencing robust demand for cybersecurity products, driven by the increasing need for secure networks and cloud-based applications, especially with the rise of hybrid work environments. This surge in demand is largely due to a significant increase in data breaches, prompting companies to seek comprehensive IT security solutions. The growing need for privileged access security, fueled by digital transformation and cloud migration strategies, is further boosting the demand fo ...