Will QLYS's Strategy Shift Pay Off? Analyst Eyes The Potential Amid Elevated Competitive Risks
Portfolio Pulse from Nabaparna Bhattacharya
Stephens analyst Brian Colley initiated coverage on Qualys, Inc. (NASDAQ:QLYS) with an Equal-Weight rating and a price target of $145. QLYS has expanded its vulnerability management capabilities and entered large markets like EDR, XDR, and CNAPP. However, growth has lagged behind security peers as the company has focused more on profitability. The analyst sees potential for growth but also warns of elevated competitive risks and a possible slowdown in security spending.
August 18, 2023 | 6:46 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Qualys, Inc. (NASDAQ:QLYS) has been given an Equal-Weight rating by Stephens analyst Brian Colley. The company's growth has lagged behind its peers due to a focus on profitability, and there are concerns about competitive risks and a potential slowdown in security spending.
The analyst's Equal-Weight rating suggests that QLYS's stock is expected to perform in line with the market or other stocks in its sector. The company's focus on profitability over growth and the potential competitive risks and slowdown in security spending could impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100