Update shared on 19 Nov 2025
Fair value Increased 1.09%Analysts have raised their price target on Qualys, increasing it from $141.02 to $142.56. They cite improving execution and accelerating billings growth as key factors behind a more positive outlook.
Analyst Commentary
Analyst sentiment toward Qualys has shifted in light of its recent financial performance and business execution. While the latest upgrade reflects greater optimism, there remain nuances in perspective regarding the company's outlook.
Bullish Takeaways
- Bullish analysts highlight record operating margins and view this as a sign of effective management and operational efficiency.
- Sustained acceleration in billings growth has been seen as a key factor that underpins upward revisions to the price target and improved outlook.
- Consistent outperformance, with five consecutive quarters of results above guidance, suggests stronger execution and reliability in meeting targets.
- Improvement in execution is leading to increased confidence in the company's ability to capitalize on market opportunities and deliver better growth fundamentals.
Bearish Takeaways
- Some caution remains regarding the ability to sustain this accelerated growth trajectory in coming quarters.
- Although execution has improved, the valuation increase is moderate and reflects tempered expectations for further near-term upside.
- Certain analysts await more evidence of durable revenue expansion before adopting a more aggressive positive stance.
What's in the News
- Qualys has completed the repurchase of 10,384,802 shares, representing 27.19% of its outstanding shares for $1,194.7 million under its buyback program. The most recent tranche included 365,513 shares repurchased for $49.44 million (Key Developments).
- The company provided new earnings guidance for the fourth quarter and full fiscal year 2025, expecting Q4 revenues of $172.0 million to $174.0 million and full-year revenue growth of 8% to 9% over 2024 (Key Developments).
- Qualys raised its full-year 2025 earnings guidance, now projecting revenues between $665.8 million and $667.8 million, representing 10% growth, and net income per diluted share of $5.23 to $5.30, up from previous estimates (Key Developments).
- New capabilities in Qualys Enterprise TruRisk Management were unveiled, strengthening proactive risk management and identity security, especially against threats from agentic AI and non-human identities (Key Developments).
Valuation Changes
- Consensus Analyst Price Target has risen slightly from $141.02 to $142.56.
- Discount Rate has edged down marginally, moving from 8.42% to 8.41%.
- Revenue Growth expectation has decreased slightly, from 7.42% to 7.40%.
- Net Profit Margin estimate has increased modestly, from 25.21% to 25.45%.
- Future P/E ratio has decreased, moving from 30.71x to 30.01x.
Disclaimer
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