Analysts Expect IETC Will Reach $82
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 02 2024
0mins
Should l Buy QLYS?
Source: NASDAQ.COM
- Analyst Target Price Comparison: ETFs' holdings compared against analyst 12-month target prices to determine implied target price for the ETF.
- IETC Analysis: Implied analyst target price for iShares U.S. Tech Independence Focused ETF (IETC) is $82.41 per unit, with 9.62% upside from recent trading price.
- Underlying Holdings: Notable upside seen in Zoom Video Communications Inc (ZM), Qualys, Inc. (QLYS), and Nasdaq Inc (NDAQ) based on analyst targets.
- Stock Performance: Chart comparing 12-month price history of ZM, QLYS, and NDAQ provided.
- Investor Considerations: Questions raised about analysts' justification for targets and potential impact on future stock performance.
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Analyst Views on QLYS
Wall Street analysts forecast QLYS stock price to rise
16 Analyst Rating
3 Buy
11 Hold
2 Sell
Hold
Current: 90.840
Low
117.00
Averages
141.15
High
165.00
Current: 90.840
Low
117.00
Averages
141.15
High
165.00
About QLYS
Qualys, Inc. is a provider of a cloud-based platform delivering information technology (IT), security and compliance solutions. The Company’s integrated suite of IT, security and compliance solutions delivered on Qualys' Enterprise TruRisk Platform enables its customers to identify and manage their IT and operational technology (OT) assets, collect, and analyze large amounts of IT security data, recommend, and implement remediation actions and verify the implementation of such actions. The Company provides its solutions through a software-as-a-service model, primarily with renewable annual subscriptions. Its cloud platform offers an integrated suite of solutions that automates the lifecycle of asset discovery and management, security and compliance assessments, and remediation for an organization’s IT infrastructure and assets, whether such infrastructure and assets reside inside the organization, on their network perimeter, on endpoints or in the cloud.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Qualys Q1 2026 Earnings Call Insights
- Revenue Growth: Qualys reported a 10% increase in Q1 revenue to $175.6 million, with channel partners contributing 52% of total revenue, indicating success in its partnership-driven business model.
- Stable Profitability: Adjusted EBITDA reached $83.3 million, maintaining a 47% margin, despite an 8% rise in operating expenses driven by sales and marketing investments, demonstrating the company's ability to sustain profitability while expanding.
- Optimistic Outlook: Management raised full-year revenue guidance to $721 million to $727 million and EPS expectations to $7.44 to $7.65, reflecting confidence in future growth prospects.
- Product Innovation: The newly launched Agent Val is now generally available, and combined with the automated remediation capabilities of the ETM platform, is expected to enhance customer risk management efficiency, further solidifying the company's competitive edge in cybersecurity.
See More
Qualys and Converge Collaborate to Streamline Insurance Applications
- Streamlined Insurance Process: The collaboration between Qualys and Converge simplifies the insurance application process through Enterprise TruRisk Management (ETM), enabling customers to quickly and accurately demonstrate their cybersecurity posture via automated data-generated reports, potentially qualifying for lower cyber insurance premiums.
- Enhanced Risk Assessment: The Qualys CCIR report provides real-time security posture data, replacing traditional manual questionnaires and reducing errors from inaccurate self-reporting, ensuring that insurance premiums reflect actual risk levels more accurately.
- Improved Compliance: By automating risk management and compliance monitoring, Qualys's solutions not only enhance compliance rates but also accelerate remediation speeds, helping organizations maintain robust cybersecurity defenses in the face of increasing cyber threats.
- Competitive Market Advantage: This partnership allows Qualys customers to gain a competitive edge in the cyber insurance market, incentivizing organizations to continuously improve their cybersecurity hygiene, thereby lowering insurance costs while enhancing overall business outcomes.
See More
Qualys and Converge Collaborate to Streamline Cyber Insurance Applications
- Streamlined Insurance Applications: The collaboration between Qualys and Converge introduces the Qualys Converge Connect Insurance Report (CCIR), which helps organizations achieve more accurate premium assessments by validating their cybersecurity posture in real-time, thereby reducing insurance costs and improving application efficiency.
- Automated Data Processing: The CCIR report, generated automatically through the Enterprise TruRisk Management (ETM), allows companies to demonstrate the effectiveness of their vulnerability and patch management, significantly reducing the time and error risks associated with manual questionnaires, thus enhancing underwriting accuracy.
- Real-Time Risk Assessment: The CCIR provides quantifiable metrics for risk reduction and compliance rates, enabling underwriters to assess an organization's cybersecurity status in real-time, resulting in premiums that are more targeted and reflective of actual risk levels rather than industry averages.
- Enhanced Incentive Mechanism: This collaboration not only streamlines the application process but also offers organizations ongoing incentives to improve their cybersecurity hygiene, thereby enhancing the effectiveness of overall risk management strategies and allowing businesses to enjoy insurance cost savings while reducing risks.
See More
Qualys Set to Announce Q1 Earnings on May 5th
- Earnings Announcement: Qualys is set to release its Q1 2023 earnings on May 5th after market close, with consensus EPS estimate at $1.80, reflecting a 7.8% year-over-year increase, and revenue expected at $173.58 million, up 8.6% year-over-year, indicating the company's ongoing stability in growth.
- Historical Performance: Over the past two years, Qualys has exceeded EPS estimates 100% of the time and revenue estimates 88% of the time, showcasing the company's consistency and reliability in financial performance, which bolsters investor confidence.
- Estimate Revisions: In the last three months, EPS estimates have seen 12 upward revisions and 5 downward adjustments, while revenue estimates experienced 6 upward and 4 downward revisions, reflecting market divergence and uncertainty regarding the company's future performance.
- Industry Impact: Despite Qualys's solid financial performance, concerns over rapid advancements in AI technology have heightened market apprehension towards the cybersecurity sector, leading to rating cuts for Qualys and its competitors, highlighting potential risks and challenges within the industry.
See More
William Blair Downgrades Cybersecurity Stocks Amid AI Disruption
- Rating Downgrade: William Blair downgraded cybersecurity stocks Qualys (QLYS), Rapid7 (RPD), and Tenable (TENB) from Outperform to Market Perform, reflecting concerns over AI disruption and anticipating continued volatility in the sector.
- Intensified Market Competition: Rapid7 faces increased competition in the Managed Detection and Response (MDR) and Security Information and Event Management (SIEM) spaces, where its traditional vulnerability management and SIEM capabilities help in threat detection, yet it struggles against competitors like CrowdStrike for market share.
- Cloud Security Challenges: Tenable encounters strong competition from Wiz in the cloud security arena, and while its Ermetic CIEM solution performs well, enterprises are adopting a single suite-based approach to Cloud-Native Application Protection Platforms (CNAPP) slower than expected, impacting its market performance.
- AI Solutions Promotion: Qualys is pushing its TruRisk AI solutions to address emerging threats and enhance visibility, with analysts believing this will improve prioritization efforts amid significantly increasing vulnerabilities, further solidifying its leading position in the market.
See More
Boston Trust Walden Sells Qualys Shares
- Share Sale Details: Boston Trust Walden Corp sold 93,512 shares of Qualys in Q1 2026, with an estimated transaction value of $10.36 million, indicating a cautious stance towards the stock amid declining performance.
- Decline in Position Value: The fund's stake in Qualys decreased by $57.95 million quarter-over-quarter, reflecting weakened market confidence in cybersecurity stocks, with Qualys down over 45% since its peak last November.
- Change in Holdings Proportion: Post-sale, Boston Trust holds 1,010,376 shares valued at $88.76 million, now representing only 0.73% of the fund's AUM, thus falling outside the top five holdings.
- Future Outlook: Despite risks of customer attrition, Boston Trust remains optimistic about Qualys' AI agent products, with management projecting a 7% to 8% revenue growth in 2026, though market sentiment remains cautious regarding its future performance.
See More
Qualys Q1 2026 Earnings Call Insights
- Revenue Growth: Qualys reported a 10% increase in Q1 revenue to $175.6 million, with channel partners contributing 52% of total revenue, indicating success in its partnership-driven business model.
- Stable Profitability: Adjusted EBITDA reached $83.3 million, maintaining a 47% margin, despite an 8% rise in operating expenses driven by sales and marketing investments, demonstrating the company's ability to sustain profitability while expanding.
- Optimistic Outlook: Management raised full-year revenue guidance to $721 million to $727 million and EPS expectations to $7.44 to $7.65, reflecting confidence in future growth prospects.
- Product Innovation: The newly launched Agent Val is now generally available, and combined with the automated remediation capabilities of the ETM platform, is expected to enhance customer risk management efficiency, further solidifying the company's competitive edge in cybersecurity.
See More
Qualys and Converge Collaborate to Streamline Insurance Applications
- Streamlined Insurance Process: The collaboration between Qualys and Converge simplifies the insurance application process through Enterprise TruRisk Management (ETM), enabling customers to quickly and accurately demonstrate their cybersecurity posture via automated data-generated reports, potentially qualifying for lower cyber insurance premiums.
- Enhanced Risk Assessment: The Qualys CCIR report provides real-time security posture data, replacing traditional manual questionnaires and reducing errors from inaccurate self-reporting, ensuring that insurance premiums reflect actual risk levels more accurately.
- Improved Compliance: By automating risk management and compliance monitoring, Qualys's solutions not only enhance compliance rates but also accelerate remediation speeds, helping organizations maintain robust cybersecurity defenses in the face of increasing cyber threats.
- Competitive Market Advantage: This partnership allows Qualys customers to gain a competitive edge in the cyber insurance market, incentivizing organizations to continuously improve their cybersecurity hygiene, thereby lowering insurance costs while enhancing overall business outcomes.
See More
Qualys and Converge Collaborate to Streamline Cyber Insurance Applications
- Streamlined Insurance Applications: The collaboration between Qualys and Converge introduces the Qualys Converge Connect Insurance Report (CCIR), which helps organizations achieve more accurate premium assessments by validating their cybersecurity posture in real-time, thereby reducing insurance costs and improving application efficiency.
- Automated Data Processing: The CCIR report, generated automatically through the Enterprise TruRisk Management (ETM), allows companies to demonstrate the effectiveness of their vulnerability and patch management, significantly reducing the time and error risks associated with manual questionnaires, thus enhancing underwriting accuracy.
- Real-Time Risk Assessment: The CCIR provides quantifiable metrics for risk reduction and compliance rates, enabling underwriters to assess an organization's cybersecurity status in real-time, resulting in premiums that are more targeted and reflective of actual risk levels rather than industry averages.
- Enhanced Incentive Mechanism: This collaboration not only streamlines the application process but also offers organizations ongoing incentives to improve their cybersecurity hygiene, thereby enhancing the effectiveness of overall risk management strategies and allowing businesses to enjoy insurance cost savings while reducing risks.
See More
Qualys Set to Announce Q1 Earnings on May 5th
- Earnings Announcement: Qualys is set to release its Q1 2023 earnings on May 5th after market close, with consensus EPS estimate at $1.80, reflecting a 7.8% year-over-year increase, and revenue expected at $173.58 million, up 8.6% year-over-year, indicating the company's ongoing stability in growth.
- Historical Performance: Over the past two years, Qualys has exceeded EPS estimates 100% of the time and revenue estimates 88% of the time, showcasing the company's consistency and reliability in financial performance, which bolsters investor confidence.
- Estimate Revisions: In the last three months, EPS estimates have seen 12 upward revisions and 5 downward adjustments, while revenue estimates experienced 6 upward and 4 downward revisions, reflecting market divergence and uncertainty regarding the company's future performance.
- Industry Impact: Despite Qualys's solid financial performance, concerns over rapid advancements in AI technology have heightened market apprehension towards the cybersecurity sector, leading to rating cuts for Qualys and its competitors, highlighting potential risks and challenges within the industry.
See More
William Blair Downgrades Cybersecurity Stocks Amid AI Disruption
- Rating Downgrade: William Blair downgraded cybersecurity stocks Qualys (QLYS), Rapid7 (RPD), and Tenable (TENB) from Outperform to Market Perform, reflecting concerns over AI disruption and anticipating continued volatility in the sector.
- Intensified Market Competition: Rapid7 faces increased competition in the Managed Detection and Response (MDR) and Security Information and Event Management (SIEM) spaces, where its traditional vulnerability management and SIEM capabilities help in threat detection, yet it struggles against competitors like CrowdStrike for market share.
- Cloud Security Challenges: Tenable encounters strong competition from Wiz in the cloud security arena, and while its Ermetic CIEM solution performs well, enterprises are adopting a single suite-based approach to Cloud-Native Application Protection Platforms (CNAPP) slower than expected, impacting its market performance.
- AI Solutions Promotion: Qualys is pushing its TruRisk AI solutions to address emerging threats and enhance visibility, with analysts believing this will improve prioritization efforts amid significantly increasing vulnerabilities, further solidifying its leading position in the market.
See More
Boston Trust Walden Sells Qualys Shares
- Share Sale Details: Boston Trust Walden Corp sold 93,512 shares of Qualys in Q1 2026, with an estimated transaction value of $10.36 million, indicating a cautious stance towards the stock amid declining performance.
- Decline in Position Value: The fund's stake in Qualys decreased by $57.95 million quarter-over-quarter, reflecting weakened market confidence in cybersecurity stocks, with Qualys down over 45% since its peak last November.
- Change in Holdings Proportion: Post-sale, Boston Trust holds 1,010,376 shares valued at $88.76 million, now representing only 0.73% of the fund's AUM, thus falling outside the top five holdings.
- Future Outlook: Despite risks of customer attrition, Boston Trust remains optimistic about Qualys' AI agent products, with management projecting a 7% to 8% revenue growth in 2026, though market sentiment remains cautious regarding its future performance.
See More
