Qualys (QLYS) Tops Q3 EPS by 10c

Qualys (NASDAQ: QLYS) reported Q3 EPS of $0.77, $0.10 better than the analyst estimate of $0.67. Revenue for the quarter came in at $93.1 million versus the consensus estimate of $91.97 million.

"Joo Mi and I are pleased to report another strong quarter with increased adoption of our Vulnerability Management, Detection and Response (VMDR®) application and continued growth in Qualys Cloud Agent subscriptions with approximately 50 million agents purchased. We have also seen significant early adoption of our new Patch Management application and are excited about the recent introduction of our Multi-Vector EDR solution, both of which are natively integrated into our cloud platform," said Philippe Courtot, chairman and CEO of Qualys. "We are now in a unique position to enable our customers to consolidate their IT, security and compliance stack, while drastically reducing their total cost of ownership. In addition, with our integrated and always up-to-date Global IT Asset Inventory application, customers can now regain full visibility across their entire hybrid environment, which is critical as they simply cannot effectively secure what they do not know or see."

GUIDANCE:

Qualys sees Q4 2020 EPS of $0.69-$0.71, versus the consensus of $0.59. Qualys sees Q4 2020 revenue of $94.2-94.8 million, versus the consensus of $93.1 million.

Qualys sees FY2020 EPS of $2.85-$2.87, versus the consensus of $2.65. Qualys sees FY2020 revenue of $362.4-363 million, versus the consensus of $360.16 million.

For earnings history and earnings-related data on Qualys (QLYS) click here.

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