Qualys Sees FY24 Adj. EPS $5.46-$5.62 Vs $5.26 Est.; Revenue $597.6M-$601.5M Vs $605.639M
Portfolio Pulse from Benzinga Newsdesk
Qualys has provided its financial guidance for FY24, projecting adjusted EPS between $5.46 and $5.62, which is above the estimated $5.26. However, the revenue forecast of $597.6M to $601.5M falls short of the estimated $605.639M.
August 06, 2024 | 8:27 pm
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Qualys' FY24 adjusted EPS guidance exceeds expectations, but its revenue forecast falls short. This mixed outlook may lead to short-term volatility in the stock price.
The higher-than-expected EPS guidance is a positive indicator for profitability, but the lower-than-expected revenue forecast could raise concerns about growth prospects. This mixed guidance is likely to result in short-term volatility as investors weigh the positive and negative aspects.
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