Qualys Trading at a Discount: Is This the Right Time to Buy the Stock?

Qualys, Inc. (QLYS) has been a notable laggard in the cybersecurity space in 2024, with its stock plunging 32% year to date (YTD). This significant decline starkly contrasts with the performance of its industry peers, including Fortinet (FTNT) , CyberArk Software (CYBR) and Palo Alto Networks (PANW) , which have shown relative resilience. Shares of FTNT, CYBR and PANW have gained 64.9%, 45.5% and 27.7%, respectively, YTD.Despite this setback, Qualys' current valuation metrics present an attractive opportuni ...