Core Insights - Qualys reported stronger-than-expected third-quarter earnings and revenue, with adjusted earnings rising 19% year-over-year to $1.86 per share and revenue increasing 10% to $169.9 million, surpassing analyst expectations of $1.56 per share and $166.3 million in sales [2][4]. Financial Performance - The company's billings climbed 11% to $186.4 million, exceeding estimates of 6% growth [3]. - For the fourth quarter, Qualys provided guidance of $173 million in revenue at the midpoint, which is above analyst projections of $169.5 million [4]. Market Reaction - Following the earnings report, Qualys stock surged over 15% to nearly $140, recovering from a 12% decline in 2025 prior to the report [4]. Industry Context - Qualys operates in the cybersecurity sector, which has underperformed the broader market since the June/July quarter results. However, it has shown improvement in technical performance, with a Composite Rating of 78 out of a best-possible 99 [5][10].