Qualys Stock Plunges 36% Year to Date: Should You Buy the Dip?

Qualys (QLYS) , a prominent player in the cybersecurity space, has plunged 36.3% year to date after reaching its all-time high in December 2023. The Zacks Security industry in which the stock belongs has declined 11.9% year to date. After reaching all-time highs, its continuous decline raises the question: is it time to buy, hold, or sell? Image Source: Zacks Investment Research What Triggered Qualys' Decline? The underperformance of Qualys' shares can be attributable to highly volatile market conditions am ...