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, a leader in cloud-based IT security, will engage with investors through one-on-one meetings at two upcoming conferences. CFO Joo Mi Kim and VP Vinayak Rao will participate in the Stifel's 2020 Virtual Midwest One-on-One Growth Conference on November 11, 2020, and the Nasdaq's 43rd Virtual Investor Conference on December 2, 2020, at 5:00 p.m. GMT. A live webcast will be available during the fireside chat on the Qualys investor relations page, with a replay following the event. Qualys serves over 15,700 customers worldwide, enhancing IT security and compliance solutions.
Qualys reported strong third-quarter results for 2020, with revenues rising 13% year-over-year to $93.1 million. The net income under GAAP was $22.7 million, or $0.56 per diluted share, reflecting an increase from $19.2 million in Q3 2019. Non-GAAP net income reached $31.4 million, or $0.77 per diluted share. The company's growth is driven by increased adoption of its VMDR application and Cloud Agent subscriptions, totaling approximately 50 million agents. Adjusted EBITDA rose 17% to $45.1 million, signifying robust operational efficiency as they prepare to launch new security solutions.
On November 4, 2020, Qualys (NASDAQ: QLYS) announced its new Container Runtime Security solution, enhancing security for containerized applications. This lightweight tool integrates into container images, offering policy-driven monitoring and blocking of runtime behaviors. Key features include critical file access monitoring, network micro-segmentation, and vulnerability mitigation without needing additional administration containers. The solution aims to streamline security across various platforms, including Docker and Kubernetes, enabling companies to maintain robust security measures throughout their development pipeline.
Qualys (NASDAQ: QLYS) announced an expansion of its integration with Microsoft Azure Arc, allowing customers to conduct vulnerability scanning on both on-premises and multi-cloud servers. By combining Qualys Vulnerability Management with Azure Defender, clients can now perform a one-click vulnerability assessment on non-Azure machines. This new built-in feature is available at no additional cost to Azure Defender for servers' customers. This collaboration aims to enhance security for hybrid cloud environments.
Qualys, Inc. (NASDAQ: QLYS) has announced its expansion into China by establishing a Private Cloud Platform in partnership with Digital China, the country's largest integrated IT service provider. This collaboration will allow Digital China to manage and resell Qualys' cloud-based IT, security, and compliance solutions. The Qualys Cloud Platform supports applications like VMDR, Multi-Vector EDR, and upcoming Security Analytics, enabling Chinese customers to enhance their security posture and respond to threats effectively. This move aims to broaden Qualys' global reach and solidify its presence in the Chinese market.
Qualys, Inc. (NASDAQ: QLYS) has announced it will report its third quarter 2020 financial results after market close on November 4, 2020. The company will hold a conference call at 5:00 p.m. ET to discuss the results. Qualys, a leader in cloud-based IT security and compliance solutions, serves over 15,700 customers globally, including a majority of the Forbes Global 100 and Fortune 100. The company aims to streamline security and compliance solutions for organizations, contributing to better business outcomes and cost efficiency.
Qualys, Inc. (NASDAQ: QLYS) announced that its VMDR® (Vulnerability Management, Detection and Response) will be integrated into Deloitte Canada's Cyber Risk Services. This partnership allows Deloitte clients to utilize the VMDR app for improved Vulnerability Threat Management (VTM), providing comprehensive visibility across IT environments. Deloitte plans to enhance its offerings with VMDR to help clients quickly identify, assess, prioritize, and remediate critical vulnerabilities. Qualys VMDR app is a cloud-based solution designed for efficient threat response and vulnerability management.
On Sept. 22, 2020, Qualys, Inc. (NASDAQ: QLYS) announced the launch of Qualys Multi-Vector EDR, a cloud-based Endpoint Detection and Response (EDR) solution. This innovative system aims to enhance security by integrating asset management, vulnerability risk management, and EDR through a unified platform. Key features include real-time endpoint discovery, prioritization of suspicious activities, and multi-tiered response capabilities. Qualys targets organizations prioritizing vulnerability management, with support for Linux set for November.
Qualys, Inc. (NASDAQ: QLYS) announces a partnership with Infosys to integrate its VMDR and Multi-Vector EDR solutions into the Cyber Next Platform. This collaboration aims to enhance cybersecurity offerings by providing comprehensive visibility, reducing false positives, and enabling rapid incident response across hybrid IT environments. The Qualys Cloud Platform will support this integration, allowing Infosys clients to leverage advanced functionalities such as Patch Management and File Integrity Monitoring.
Qualys (NASDAQ: QLYS) announced the integration of its Global IT Asset Inventory with ServiceNow's Service Graph and Configuration Management Database (CMDB). This addition to the Service Graph Connector Program aims to provide organizations with reliable asset information across hybrid IT environments, enhancing security and compliance. Key features include continuous two-way synchronization, accurate workflows, and proactive compliance, ensuring a single source of truth for asset management. This integration is available immediately via the ServiceNow App Store, with a 30-day free trial offered to customers.
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