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.
Qualys, Inc. (NASDAQ: QLYS) is a pioneer and leading provider of cloud-based security and compliance solutions, serving over 10,300 customers in more than 130 countries, including a majority of the Forbes Global 100 and Fortune 100. Founded in 1999 and headquartered in Foster City, California, Qualys offers a comprehensive cloud platform that consolidates security and compliance solutions into a single, integrated platform. This helps organizations streamline their digital transformation initiatives for greater agility, better business outcomes, and substantial cost savings.
The Qualys Cloud Platform and its integrated cloud applications deliver continuous security intelligence, enabling businesses to automate the full spectrum of auditing, compliance, and protection for IT systems and web applications across on-premises environments, endpoints, and elastic clouds. Key products include Qualys Vulnerability Management, Detection and Response (VMDR), TotalCloud, and TruRisk.
Recent achievements highlight Qualys' strategic partnerships and expansions. For instance, Qualys' suite of security solutions is now natively integrated with Oracle Cloud Infrastructure (OCI). This partnership enhances the OCI Vulnerability Scanning Service-integrated Qualys experience, allowing Oracle customers to access Qualys solutions directly via the Oracle Cloud Marketplace.
Qualys also reported strong financial performance recently, with Q1 2024 revenues of $145.8 million and a GAAP net income of $39.7 million. Their financial guidance for Q2 2024 predicts revenues between $147.5 million and $149.5 million, reflecting steady growth.
Additionally, Qualys continues to innovate and expand its product offerings. The recent launch of CyberSecurity Asset Management 3.0 integrates vulnerability assessment with external attack surface management, providing a comprehensive, real-time view of potential risks. This solution helps organizations eliminate false positives and improve their security posture.
Qualys is also making strides in the public sector by enhancing the capabilities of its TruRisk Platform to support federal zero-trust strategies. This involves automated asset visibility and attack surface risk management to comply with federal guidelines.
With its ongoing commitment to innovation and strategic collaborations, Qualys remains a significant player in the cybersecurity and compliance landscape.
Qualys, Inc. (NASDAQ: QLYS) announced it will lead four sessions at Black Hat and DEF CON 2021, focusing on enhancing security for customers. The company's unified cloud platform aims to combat ransomware through features like asset inventory management and automated remediation. Key solutions highlighted include Cybersecurity Asset Management (CSAM) and Zero Touch Patch Management. Notable sessions will include discussions on vulnerability management and defense strategies against sophisticated cyber attacks. Qualys provides security intelligence to over 19,000 customers worldwide.
Qualys (NASDAQ: QLYS) announced a contract to provide its FedRAMP-authorized Cloud Platform to the Department of Homeland Security (DHS) for the Continuous Diagnostics and Mitigation (CDM) program. This platform will enhance cybersecurity across 70+ federal agencies, offering continuous vulnerability assessments, asset management, and application security testing. Delivered through Carahsoft Technology Corp, the solution supports government initiatives to strengthen cyber risk management. Qualys aims to streamline security and compliance in the digital transformation of federal agencies.
Qualys, Inc. (NASDAQ: QLYS) will report its second quarter 2021 financial results after market close on August 9, 2021. A conference call will follow at 5:00 p.m. ET to discuss the results, accessible via (877) 881-2609 in the U.S. or (970) 315-0463 internationally. The company serves over 19,000 active customers in more than 130 countries, including a majority of the Forbes and Fortune Global 100. Qualys offers a comprehensive cloud-based platform for continuous security compliance, enhancing operational agility and reducing costs.
Qualys, Inc. (NASDAQ: QLYS) announced a strategic partnership with deepwatch on June 16, 2021, to enhance managed vulnerability services. The integration incorporates Qualys' VMDR (Vulnerability Management, Detection and Response), Policy Compliance, and Web Application Scanning into deepwatch's offerings. This collaboration allows deepwatch customers access to advanced security management tools and features centralized asset discovery and vulnerability assessment using Qualys' lightweight Cloud Agents. This partnership aims to bolster security and streamline vulnerability management for users.
Qualys, Inc. (NASDAQ: QLYS) announced the passing of its former CEO and chairman, Philippe Courtot, on June 5, 2021, at the age of 76. Courtot led the company for over 20 years, guiding its growth into a leading provider of cloud-based security solutions. He became CEO in March 2001 and oversaw the company's IPO in 2012. Under his leadership, Qualys expanded its global reach with over 19,000 active customers, including many Fortune 100 companies. The company plans to honor his legacy by continuing to grow based on his vision.
On May 18, 2021, Qualys, Inc. (NASDAQ: QLYS) launched CyberSecurity Asset Management (CSAM), a solution designed to enhance IT asset visibility and security on its cloud platform. CSAM addresses digital transformation challenges by providing a comprehensive inventory of assets, detecting security gaps, and facilitating risk response. It integrates with ServiceNow CMDB for accuracy and uses multiple sensors for asset information. The service aims to empower security teams with timely alerts and compliance reporting. CSAM will be available in June 2021, along with a free trial waiting list.
Qualys, a leader in cloud-based IT security, reported Q1 2021 revenues of $96.8 million, up 12% year-over-year. The company achieved a GAAP net income of $0.2 million and a non-GAAP net income of $29.8 million with a diluted EPS of $0.01 (GAAP) and $0.74 (non-GAAP). Operating cash flow increased 10% to $57.9 million. The strong adoption of their VMDR application contributed significantly to growth. Qualys is optimistic about its strategic direction and long-term value for shareholders.
Qualys, Inc. (NASDAQ: QLYS) has appointed Allan Peters as its new Chief Revenue Officer as of May 10, 2021. Peters, with over 20 years of executive experience in the cybersecurity sector, aims to enhance the company's revenue performance and drive growth through integrated cloud security solutions. His appointment is expected to strengthen Qualys' sales leadership, addressing the growing security challenges in a complex technology landscape. Qualys serves over 19,000 customers globally, offering real-time visibility and compliance through its cloud-based platform.
Qualys, Inc. (NASDAQ: QLYS), a leading provider of cloud-based IT security solutions, announced the expansion of its endpoint security solution to include real-time threat detection and blocking capabilities. This enhancement allows for a more comprehensive approach to security by integrating risk mitigation with threat detection. The Multi-Vector EDR solution can automatically quarantine malware, detect advanced threats, and prevent phishing attacks. Available for public beta for Windows endpoints, it consolidates security functionalities, enhancing efficiency and reducing operational costs for organizations.
Qualys, Inc. (NASDAQ: QLYS) has appointed Sumedh Thakar as President and CEO following his tenure as Interim CEO since February. With nearly 20 years at Qualys, Thakar has a deep understanding of the company and the market. Under his leadership, Qualys aims to enhance its cloud-based security and compliance offerings, focusing on integrated solutions for modern IT infrastructures. The board expresses confidence in Thakar's ability to drive innovation and business growth, capitalizing on his experience to meet evolving security needs.
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