Qualys, Inc. - QLYS STOCK NEWS

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.

Qualys (NASDAQ: QLYS), a leader in cloud-based IT, security, and compliance solutions, has announced its participation in Canaccord Genuity's 44th Annual Growth Conference. The company's management will engage in a fireside chat and one-on-one meetings with investors on August 14, 2024, at 11:00am ET in Boston, Massachusetts.

Sumedh Thakar, president and CEO, and Joo Mi Kim, CFO, will represent Qualys at the event. A live webcast of the fireside chat will be available on the Qualys investor relations website, with a replay accessible afterward. This conference provides an opportunity for Qualys to showcase its disruptive solutions and engage with potential investors.

Qualys (NASDAQ: QLYS) reported strong Q2 2024 financial results, with revenue growth of 8% year-over-year to $148.7 million. The company's GAAP EPS reached $1.17, while non-GAAP EPS was $1.52. Qualys demonstrated solid performance across key metrics:

- GAAP net income increased 24% to $43.8 million
- Non-GAAP net income rose to $56.9 million
- Adjusted EBITDA grew 6% to $69.9 million
- GAAP gross margin improved to 82%
- Non-GAAP gross margin expanded to 84%

The company highlighted its ongoing innovation in cloud-based IT, security, and compliance solutions, reinforcing its position as a leader in risk management platforms.

Qualys, Inc. (NASDAQ: QLYS) has announced the expansion of its portfolio with Qualys TotalAI, a solution designed to address security and compliance challenges associated with generative AI and large language model (LLM) applications. The new offering aims to secure AI workloads, prevent model theft, and detect sensitive data disclosure.

Key features of Qualys TotalAI include:

• Discovery and classification of AI and LLM assets
• Assessment and remediation of AI software vulnerabilities
• Evaluation of LLMs for critical attack exposures
• Alignment with OWASP Top 10 for LLMs

The solution is set to be available in Q4 2024, with early access sign-ups currently open. Qualys TotalAI aims to empower organizations to leverage AI benefits while maintaining rigorous security standards.

Qualys (NASDAQ: QLYS) is expanding its TruRisk Eliminate platform with new solutions: TruRisk Mitigate and Isolate. These complement patch management, helping organizations reduce security risks without always needing to patch. The platform addresses the challenge of 5 million instances of CISA Known At-risk assets that can't be patched.

Key features include:

• Mitigating risks without patching or rebooting
• Isolating risky assets proactively
• Integrating with IT operations and ticketing workflows
• Offering rule-based workflow orchestration

TruRisk Eliminate aims to provide comprehensive risk reduction capabilities, enabling teams to mitigate nearly 100% of CISA Known Exploited Vulnerabilities (KEV) and ransomware vulnerabilities. The solution will be available in September 2024.