Welcome to our dedicated page for Qualys news (Ticker: QLYS), a resource for investors and traders seeking the latest updates and insights on Qualys stock.
Overview
Qualys, Inc. is a pioneering cloud-based security and compliance solutions provider that delivers an integrated, subscription-driven platform designed to streamline vulnerability detection, compliance automation, and IT risk management. With a broad customer base that spans small to medium-sized businesses, large enterprises, and government agencies, Qualys empowers organizations to reduce complexity, enhance operational agility, and realize significant cost savings through unified security management.
Integrated Security Platform
The heart of Qualys' offering is its Enterprise TruRisk Platform, which continuously delivers critical security intelligence across on-premises, cloud, and hybrid environments. This platform seamlessly integrates several core functionalities:
- Vulnerability Management: Automated, real-time assessments and comprehensive reporting help organizations quickly identify and remediate potential vulnerabilities.
- Compliance Automation: Streamlined auditing processes ensure that organizations remain compliant with various regulatory standards and internal policies.
- Asset Discovery and Management: A unified approach to identifying and tracking digital assets provides enhanced visibility and improved risk management.
- IT Risk Management: Consolidated security insights facilitate proactive risk management and effective remediation strategies.
Market Position and Strategic Initiatives
Qualys has established a robust position within the cybersecurity industry by continuously evolving its product suite and forming strategic partnerships with leading cloud service providers like Amazon Web Services, Microsoft Azure, and Google Cloud Platform. Its recent strategic initiatives include enhancements to its Managed Security Services Partner portal and the launch of new solutions focused on emerging security challenges such as generative AI risks. These initiatives underscore the company’s commitment to delivering a consolidated security framework that simplifies complex IT environments while strengthening overall security postures.
Operational Excellence and Business Model
Operating on a subscription-based model, Qualys offers scalable and flexible security solutions that can be seamlessly integrated into existing IT infrastructures. This model allows organizations to consolidate multiple security functions into a single platform, thereby reducing operational overhead and ensuring rapid, automated responses to emerging threats. The integrated nature of the Enterprise TruRisk Platform means that users benefit from consistent, continuous security monitoring across all digital assets.
Government and Enterprise Focus
Recognizing the unique needs of public sector organizations, Qualys has tailored its offerings to better serve government agencies. Its solutions are designed to support federal compliance and zero-trust strategies, ensuring continuous monitoring and protection of high-value, often hard-to-identify digital assets. This focus on the public sector highlights Qualys' ability to adapt its proven security framework to meet diverse organizational challenges.
Expertise and Industry Recognition
Founded in 1999, Qualys is one of the earliest adopters of the SaaS security model. Over the years, the company has built a reputation for technical expertise and innovation in the cybersecurity field. Its commitment to continuous improvement and strategic integration with industry-leading partners has cemented its status as an authoritative source of security intelligence, supporting organizations in their efforts to effectively manage risk and safeguard critical infrastructure.
Conclusion
Qualys, Inc. is distinguished by its innovative, cloud-native approach to security and compliance. By unifying critical security functions into the Enterprise TruRisk Platform and continuously evolving its offerings to meet emerging threats, Qualys provides a comprehensive, reliable, and efficient solution that simplifies cybersecurity management for organizations of all sizes.
Qualys (NASDAQ: QLYS) reported strong financial results for Q4 and full year 2024. Q4 revenues increased 10% year-over-year to $159.2 million, with GAAP net income of $44.0 million ($1.19 per diluted share) and non-GAAP net income of $59.4 million ($1.60 per diluted share).
For full year 2024, revenues grew 10% to $607.6 million, with GAAP net income reaching $173.7 million ($4.65 per diluted share) and non-GAAP net income of $229.0 million ($6.13 per diluted share). The company maintained strong margins with a GAAP gross margin of 82% and non-GAAP gross margin of 83%.
Notable achievements include the launch of the Risk Operations Center with Enterprise TruRisk Management and impressive MITRE ATT&CK results for their EDR solution. The company also announced a $200 million increase to its share repurchase program.
Qualys (NASDAQ: QLYS) has launched the Managed Risk Operations Center (mROC) Partner Alliance, enabling select partners to expand revenue streams through comprehensive cyber risk management services. The initiative, powered by Qualys Enterprise TruRisk™ Management (ETM), helps partners offer advisory, onboarding, integration, and remediation services through a unified managed service.
The mROC Partner Alliance addresses the challenge of managing scattered risk findings across different tools by consolidating diverse risk insights into a unified view. The program quantifies cyber risk in terms of Business Value at Risk and provides automated risk reduction solutions. Partners can offer four key services: Cyber Risk Advisory, Onboarding and Integration, Continuous Risk Monitoring, and Risk Remediation Services.
Partners benefit from revenue growth opportunities within Qualys' existing customer base, free training, and enablement resources, including product training, roadmap discussions, and technical guidance.
Qualys (NASDAQ: QLYS) has announced TotalAppSec, a new AI-powered application risk management solution launching in Q1 2025. The platform integrates API security, web application scanning, and AI-driven malware detection into a unified solution for monitoring and mitigating cyber risks across on-premises, hybrid, and multi-cloud environments.
TotalAppSec leverages the Qualys Enterprise TruRisk™ Platform to discover known, unknown, and shadow web applications and APIs, detect critical vulnerabilities including OWASP Top 10, and utilize deep learning algorithms for malware detection. The solution addresses the growing security challenges highlighted in the 2024 Verizon DBIR Report, which indicates web applications as the primary entry point for breaches, with 68% involving human elements and 32% utilizing ransomware attacks.
Key features include auto-discovery of applications and APIs, risk-based prioritization using Qualys TruRisk™, AI-powered scanning, and seamless integration with CI/CD pipelines and ITSM systems like ServiceNow and JIRA.
Qualys (NASDAQ: QLYS), a cloud-based IT, security and compliance solutions provider, has announced it will release its fourth quarter 2024 financial results after market close on February 6, 2025. The company will host a conference call and live webcast at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) on the same day to discuss the results. Investors can access the conference call through registration, while the webcast, investor presentation, and prepared remarks will be available at the company's investor relations website. A replay of the conference call will be accessible through the same webcast link after the event.
Mulberri and Qualys (NASDAQ: QLYS) have announced a collaboration to provide exclusive cyber insurance discounts for eligible Qualys customers. The initiative targets SMEs, who face increasing cyberattacks affecting 68% of organizations annually. The partnership offers comprehensive coverage including protection against data breaches, ransomware, and network interruptions, with a streamlined application process requiring just one underwriting question. Through Qualys' Risk Operations Center (ROC) and Enterprise TruRisk Management, the collaboration aims to transform cyber insurance underwriting by providing real-time risk assessment capabilities.
Qualys (NASDAQ: QLYS) has announced its management's participation in the upcoming UBS' Global Technology and AI Conference. President and CEO Sumedh Thakar and CFO Joo Mi Kim will engage in a fireside chat on December 3, 2024, at 8:15am MST in Scottsdale, Arizona. They will also host one-on-one meetings with interested investors.
The fireside chat will be available via live webcast on the Qualys investor relations page, with a replay accessible afterward at the same location.
Qualys (NASDAQ: QLYS) reported strong Q3 2024 financial results with revenue growing 8% year-over-year to $153.9 million. The company achieved GAAP net income of $46.2 million ($1.24 per share) and non-GAAP net income of $58.0 million ($1.56 per share). Notable launches included TruRisk Eliminate and Qualys TotalAI. The company raised its 2024 guidance, now expecting revenue of $602.9-$605.9 million and non-GAAP EPS of $5.81-$5.91.
Qualys VMDR has been recognized as the only solution to achieve both 'Outperformer' and 'Leader' status in the 2024 GigaOm Radar Report for Continuous Vulnerability Management (CVM). The platform received a perfect 5/5 score for its risk-based assessment, incorporating asset criticality, risk factors, and threat intelligence from 25 different feeds. GigaOm reviewed over 20 vendors, with VMDR maintaining its leadership position for the fourth consecutive year. Additionally, Qualys Web Application Security was named a 'Leader' in the GigaOm Radar Report for Application Security Testing, noted for its comprehensive scanning capabilities and automation features.
Qualys, Inc. (NASDAQ: QLYS), a leading provider of cloud-based IT, security and compliance solutions, has announced that it will report its financial results for the third quarter 2024 after the market closes on Tuesday, November 5, 2024. The company will host a conference call and live webcast to discuss these results at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) on the same day.
Interested parties can register for the conference call online. A live webcast of the earnings conference call, along with an investor presentation and prepared remarks, will be accessible at https://investor.qualys.com/events-presentations. A replay of the conference call will also be available through the same webcast link following the conclusion of the call.
Qualys (NASDAQ: QLYS) has launched the industry's first Risk Operations Center (ROC) with Enterprise TruRisk Management (ETM) at the Qualys Security Conference. This innovative solution aims to transform cybersecurity risk management by unifying diverse security data into actionable insights. The ROC consolidates risk data from both Qualys and non-Qualys sources, including technology alliances like Forescout, Okta AI, Microsoft, Oracle, and Wiz.
Key features of Qualys ETM include:
- Ingesting and unifying risk factors from various security tools
- Aligning risk to business value for better communication of financial impact
- Automated remediation workflows to reduce cyber risk
The solution is designed to help organizations overcome challenges posed by fragmented risk data and enable more informed decision-making in cybersecurity management.
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