Qualys (QLYS) PT Lowered to $120 at Truist Securities

Truist Securities analyst Joel P. Fishbein Jr lowered the price target on Qualys (NASDAQ: QLYS) to $120.00 (from $130.00) while maintaining a Hold rating.

There analyst comments "QLYS reported better-than-expected 4Q25 results, beating the high-end of guidance for revenue and EPS, however, NDER ticked down to 103% from 104% from Q3 as newer products continue to ramp. Qualys's initial guidance for FY26 was also better than consensus ($721M Rev at midpoint vs. $718M), however, does show a decel of ~230bps YoY. We believe the focus on leveraging partners and driving vendor consolidation could help re-accelerate growth, but we look for more visibility around potential for newer products like ETM to impact the model before becoming more constructive. We reiterate our Hold rating, adjust our estimates and lower our PT to $120 from $130."

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