Qualys Analysts Cut Their Forecasts After Q2 Results
Portfolio Pulse from Avi Kapoor
Qualys, Inc. (NASDAQ:QLYS) reported worse-than-expected Q2 sales and issued FY24 revenue guidance below estimates. Despite beating earnings estimates, the stock fell 7.1%. Analysts have lowered their price targets for the stock.
August 07, 2024 | 4:30 pm
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Qualys reported Q2 sales below estimates and issued FY24 revenue guidance below expectations, despite beating earnings estimates. The stock fell 7.1% and analysts have lowered their price targets.
The combination of missing sales estimates, issuing lower-than-expected revenue guidance, and analysts lowering their price targets has negatively impacted investor sentiment, leading to a 7.1% drop in the stock price.
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