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 solutions, reported strong second-quarter results for 2022, achieving 20% revenue growth to reach $119.9 million.
GAAP EPS stands at $0.67 and non-GAAP EPS at $0.89. The company raises its 2022 revenue guidance to $488-$489.5 million and GAAP EPS guidance to $2.39-$2.44, while non-GAAP EPS guidance is increased to $3.50-$3.55. Despite a 38% decline in operating cash flow, growth in gross profit and operating income remains robust.
Qualys (NASDAQ: QLYS) has launched External Attack Surface Management (EASM) capabilities within its CyberSecurity Asset Management 2.0 platform to enhance security for enterprises. This integration allows for continuous detection of unknown internet-facing assets and improves the overall risk posture by providing insights from an external attacker's viewpoint. Organizations can now synchronize their data, identify vulnerabilities, and prioritize remediation efforts through automated workflows. The solution is available to current customers in preview and will be fully launched by mid-September.
Qualys, Inc. (NASDAQ: QLYS) is set to lead multiple speaking sessions at Black Hat 2022 and DEF CON 30, aiming to enhance IT, security, and compliance via its unified cloud platform. Key highlights include enhanced VMDR 2.0, which reportedly helps reduce risk by 23% to 50%, and CyberSecurity Asset Management 2.0, enabling continuous external attack surface monitoring. Qualys will showcase its innovative solutions and share best practices from leading customers, including Euronet Worldwide. The company has over 10,000 subscription customers globally and emphasizes automation and agility in security solutions.
Qualys (NASDAQ: QLYS) will release its second quarter 2022 financial results on August 8, 2022, after market close. The company will hold a conference call and live webcast at 5:00 p.m. Eastern Time on the same day to discuss the results. Qualys is a leading provider of cloud-based security, compliance, and IT solutions, serving over 10,000 subscription customers, including major Fortune 100 companies. The Qualys Cloud Platform enables automated security intelligence and vulnerability management across various IT environments.
Qualys, Inc. (NASDAQ: QLYS) has launched VMDR 2.0, a cloud-based solution enhancing vulnerability management with a drag-and-drop interface for prioritizing threats. The update addresses the doubling of disclosed vulnerabilities over five years and the challenge of cyber talent shortages. Customers utilizing the new TruRisk capability reported up to a 50% reduction in risk while managing 28% fewer critical vulnerabilities. The solution integrates tightly with ITSM tools like ServiceNow, enabling streamlined operations. VMDR 2.0 will be available for free trials in late June.
Qualys (NASDAQ: QLYS) will host the Qualys Security Conference (QSC) in San Francisco on June 7-8, 2022, coinciding with RSAC. The conference will launch updates to its Vulnerability Management, Detection and Response (VMDR) solution, enhancing capabilities for managing cybersecurity risks. Keynote speakers will include Sumedh Thakar, CEO, and Nagi Prabhu, Chief Product Officer, focusing on security automation. The event features live demos, customer presentations, and training sessions aimed at improving security management practices.
Qualys, Inc. has launched Custom Assessment and Remediation, enhancing its Qualys Cloud Platform to enable quicker responses to zero-day threats and facilitate compliance audits for custom applications. This solution empowers security teams to create custom scripts and automate workflows, significantly reducing mean time to respond (MTTR) to threats. It integrates easily into existing processes and provides access to a centralized library of scripts for efficiency. The solution is immediately available and aims to streamline security operations for organizations worldwide.
Qualys, Inc. (NASDAQ: QLYS) announced that it will participate in the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference on May 24, 2022. Management, including president and CEO Sumedh Thakar and CFO Joo Mi Kim, will engage in one-on-one meetings and a fireside chat at 9:30 a.m. ET. A live webcast will be available on the Qualys investor relations page, along with a replay post-event. With over 10,000 subscribers, Qualys offers cloud-based security and compliance solutions, enhancing operational efficiency for organizations worldwide.
Qualys, Inc. (NASDAQ: QLYS) reported a strong start to 2022, with Q1 revenues increasing by 17% to $113.4 million. GAAP EPS rose to $0.64 and non-GAAP EPS to $0.89. The company's gross profit also increased by 19%, reflecting a GAAP gross margin of 79%. Operating cash flow surged by 37% to $79 million. Additionally, Qualys raised its full-year revenue guidance to $484-486.5 million and announced a $200 million increase to its share repurchase program. Their innovative products continue to gain traction, with a noted 40% customer penetration for its VMDR application.
Qualys (NASDAQ: QLYS) has announced the launch of an enhanced channel and integration partner program, reinforcing its commitment to partners as a key growth strategy. This initiative provides resellers with access to the Qualys Cloud Platform and over 20 IT, security, and compliance applications. The program aims to enrich partner benefits, offer technical certifications, and enable diverse partnerships across the cybersecurity space. Qualys' focus on collaboration is designed to reduce risks and enhance continuous security for enterprises.
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