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 an expansion of its VMDR (Vulnerability Management, Detection and Response) solution to include Linux patching, enhancing its cloud-based security offerings. This addition allows users to patch Linux, Windows, and third-party applications from a single console, streamlining vulnerability remediation. Qualys aims to reduce the time and complexity associated with patch management, addressing a critical security challenge as Linux systems become primary targets for attackers. The new patch management feature will be available by the end of May.
Qualys, Inc. (NASDAQ: QLYS) will announce its financial results for Q1 2021 post-market on May 5, 2021. The company will host a conference call at 5:00 p.m. ET to discuss these results. Interested parties can access the call by dialing (877) 881-2609 or (970) 315-0463 for international callers, using conference ID #4595838. Qualys operates in over 130 countries, serving more than 19,000 customers, including major firms from the Forbes Global 100 and Fortune 100.
Qualys, Inc. (NASDAQ: QLYS) announced the resignation of CEO Philippe Courtot due to health reasons, effective immediately. Sumedh Thakar, the company's president and chief product officer, has been appointed as interim CEO and principal executive officer. Courtot, who led the company for 20 years, will remain a board director until the 2021 annual meeting but will not seek re-election. The board expressed full confidence in Thakar's leadership during this transition. Qualys, with over 19,000 active customers globally, is recognized for its cloud-based IT security and compliance solutions.
Qualys, Inc. (NASDAQ: QLYS) has updated stakeholders regarding a security incident involving a zero-day exploit in the Accellion FTA file transfer solution. The company confirmed that there was no impact on its production environments, codebase, or customer data. All services remain fully functional, with the Accellion FTA server deployed in a segregated DMZ environment, ensuring no connectivity to the Qualys Cloud Platform. Qualys is committed to enhanced security measures and is working with FireEye Mandiant to investigate further.
Qualys, Inc. (NASDAQ: QLYS) announced the extension of its partnership with HCL Technologies to embed Qualys VMDR into the HCL CyberSecurity Fusion Center. This collaboration enables HCL customers to utilize VMDR's automation for vulnerability management, enhancing their security and compliance capabilities. The CSFC will leverage integrated threat intelligence for improved security incident management. Qualys aims to support enterprises in their digital transformation with comprehensive security solutions.
Qualys, Inc. (NASDAQ: QLYS) announced participation in two investor conferences. Management, including Sumedh Thakar, interim CEO, and Joo Mi Kim, CFO, will engage in a fireside chat and one-on-one meetings at the JMP Securities Virtual Technology Conference on March 1, 2021, at 10:00 a.m. ET, and the Morgan Stanley Virtual Technology, Media and Telecom Conference on March 2, 2021, at 11:45 a.m. ET. A live webcast will be available on Qualys' investor relations page, with replays accessible afterward.
Qualys, Inc. (NASDAQ: QLYS) has announced the expansion of its VMDR (Vulnerability Management, Detection and Response) solution to mobile devices, supporting Android and iOS/iPadOS. This move aims to provide a comprehensive security solution in response to the increased use of mobile devices as potential threat vectors. Key features include a complete inventory of mobile devices, continuous vulnerability assessment, real-time misconfiguration monitoring, and built-in response capabilities. The service is available now, starting at $60 per device annually, with a 30-day free trial option.
Qualys, Inc. (NASDAQ: QLYS) reported robust financial results for Q4 and full year 2020. Q4 revenues reached $94.8 million, a 12% increase year-over-year, with GAAP net income of $23.8 million or $0.59 per diluted share. Full year revenue rose 13% to $363.0 million, with GAAP net income at $91.6 million. The company announced a $100 million share repurchase program and launched a free 60-day integrated VMDR service to address recent security breaches. They highlighted increased adoption of their VMDR application with approximately 56 million agents purchased.
Qualys, Inc. (NASDAQ: QLYS) announced that CEO Philippe Courtot is taking a leave of absence due to health issues unrelated to COVID-19. Effective February 7, 2021, Sumedh Thakar, the President and Chief Product Officer, has been appointed as interim CEO. The Board emphasized its confidence in Thakar, who has nearly 20 years with Qualys, to continue leading the company. Qualys serves over 19,000 active customers globally, providing cloud-based security and compliance solutions and maintaining strategic partnerships with major cloud providers.
Qualys, Inc. (NASDAQ: QLYS) introduced its new SaaS Detection and Response (SaaSDR) solution, enabling IT and security teams to enhance visibility, security, and compliance of critical SaaS applications. Built on the FedRAMP-authorized Qualys Cloud Platform, SaaSDR automates SaaS security management and supports major apps like Google Workspace and Microsoft Office 365. The platform offers features such as user visibility, access controls, and continuous security assessments. Pricing starts at $20 per user per application. Upcoming enhancements include proactive response capabilities and support for additional applications.
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