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.
On February 9, 2023, Qualys (NASDAQ: QLYS) reported Q4 and full-year financial results for 2022, showcasing a 19% revenue growth year-over-year. For Q4, revenues reached $130.8 million with a net income of $28.3 million (GAAP EPS of $0.74). Full-year revenues totaled $489.7 million, with a GAAP net income of $108.0 million (EPS of $2.74). The company also announced a $100 million increase in its share repurchase program, indicating confidence in its growth trajectory. Qualys continues to innovate with new applications to strengthen its position in the cybersecurity sector.
Qualys, Inc. (NASDAQ: QLYS) has expanded its TruRisk platform to provide comprehensive cybersecurity solutions for both large enterprises and small to medium-sized businesses (SMBs). The new offerings, including VMDR TruRisk packages, integrate Vulnerability Management Detection and Response (VMDR), Patch Management, and EDR tailored for SMB needs. These solutions are designed to reduce cyber risks and enhance business growth. The VMDR TruRisk packages are available immediately, with Enterprise TruRisk Management set for preview in March 2023. Qualys emphasizes its commitment to delivering powerful cybersecurity tools that streamline processes and improve risk management.
Qualys has launched its new GovCloud platform, achieving FedRAMP Ready status at the High impact level, which is the most stringent cybersecurity certification. This platform offers a comprehensive suite of services, including asset inventory, vulnerability management, and compliance management, tailored for federal agencies. It aligns with NIST 800-53 standards and includes advanced features like external attack surface management and file integrity monitoring. Qualys aims to provide federal agencies with a modern alternative to outdated security solutions. The GovCloud platform will be available in late February, marking a significant advancement in federal cybersecurity readiness.
Qualys, Inc. (NASDAQ: QLYS), a leader in cloud-based IT security and compliance solutions, will release its financial results for Q4 and full year 2022 on February 9, 2023, after market close. A conference call and live webcast will be held at 5:00 PM ET on the same day for discussion of these results. The company serves over 10,000 subscription customers, including many from the Forbes Global 100 and Fortune 100, leveraging a cloud platform that integrates vulnerability management across various IT environments. For more details, visit www.qualys.com.
Qualys, Inc. (NASDAQ: QLYS), a leader in cloud-based IT security and compliance, announced its participation in two major investor conferences. Sumedh Thakar, president and CEO, along with Joo Mi Kim, CFO, will be present at the Wells Fargo TMT Summit in Las Vegas on November 29, 2022, and the NASDAQ 47th Investor Conference in London on December 6, 2022. A live webcast will be available on the company's investor relations page. Qualys serves over 10,000 customers globally, enhancing security through its innovative cloud platform.
On Nov. 2, 2022, Qualys announced its Q3 2022 financial results, reporting a 20% year-over-year revenue growth to $125.6 million. GAAP EPS stood at $0.71, while non-GAAP EPS was $0.94. The company raised its full-year revenue guidance to $488.6-$489.6 million and GAAP EPS guidance to $2.52-$2.54, reflecting strong financial performance. Adjusted EBITDA reached $54.9 million with a 44% margin. However, operating cash flow decreased by 13% to $42.2 million.
Qualys, a leader in cloud-based IT security solutions, will report its Q3 2022 financial results after market close on November 2, 2022. A conference call and webcast to discuss these results will take place at 5:00 p.m. Eastern Time on the same day. With over 10,000 subscription customers, including major corporations, Qualys aims to enhance security automation and compliance through its innovative platform. For more details, visit www.qualys.com.
Qualys, a leader in cloud-based IT security, has acquired Blue Hexagon on October 4, 2022. This acquisition integrates AI/ML technology into the Qualys Cloud Platform, enhancing real-time zero-day threat detection and predictive analytics. The deal allows Qualys to analyze over 10 trillion data points for active vulnerability exploitation and advanced risk mitigation. The transaction was primarily cash-based, with some stock options. All Blue Hexagon employees, including CEO Nayeem Islam, will join Qualys, boosting its capabilities in AI-driven cloud threat detection.
Qualys, Inc. (NASDAQ: QLYS), a leader in cloud-based IT security and compliance solutions, will participate in Citi's 2022 Global Technology Conference on September 8, 2022, at 7:30 a.m. ET. CEO Sumedh Thakar and CFO Joo Mi Kim will conduct one-on-one meetings and engage in a fireside chat. A live webcast of the event will be available on Qualys' investor relations page, with a replay accessible afterward. Qualys serves over 10,000 subscription customers globally, streamlining security and compliance on a single platform.
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