Imperial Capital reiterated an Outperform rating and $49.00 price target on Qualys (NASDAQ: QLYS) following an analyst day and user conference. CEO Philippe Courtot’s indicated expectations of sustained growth in the core vulnerability management (VM) business, with potential acceleration from the company’s new cloud agent platform. He noted the recent VM revenue growth rate of 19% was adversely impacted by currency headwinds (primarily the euro) of 2-3 points.

Analyst Michael Kim commented, On October 7-8, we attended Qualys’ (QLYS) Analyst Day and user conference in Las Vegas. Based on our discussions with executive management and several new sales and marketing leaders, we came away incrementally more positive on the company’s outlook and potential growth upside."

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Shares of Qualys closed at $32.92 yesterday.