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) has introduced Qualys Context XDR, the first context-aware extended detection and response solution, designed to tackle cybersecurity threats. Leveraging the Qualys Cloud Platform, it combines asset inventory, network telemetry, and advanced threat intelligence to swiftly identify risks and minimize alert fatigue. This platform processes over 10 trillion data points and offers capabilities like patching and quarantining to enhance security operations. The solution is currently available for demo.
Qualys, Inc. (NASDAQ: QLYS) announced an update to its Qualys Cloud Platform, introducing advanced remediation capabilities for enhanced security. This feature enables organizations to resolve asset misconfigurations and patch various applications efficiently, streamlining their processes into a single application. According to CEO Sumedh Thakar, this change will improve response times and cyber defenses against vulnerabilities like Spectre/Meltdown. The updated Qualys Patch Management integrates seamlessly with its Vulnerability Management, Detection, and Response (VMDR), allowing for comprehensive vulnerability remediation.
Qualys, Inc. (NASDAQ: QLYS) will announce its financial results for Q4 and full year 2021 on February 10, 2022, after market close. A conference call will follow at 5:00 PM ET, accessible via phone or webcast. Qualys, a leader in cloud-based IT security and compliance solutions, serves over 19,000 customers across 130 countries, including many from the Forbes Global 100 and Fortune 100. Their platform offers continuous security intelligence, automating compliance for IT systems and web applications.
Qualys, Inc. (NASDAQ: QLYS) announced free access to its Web Application Scanning (WAS) solution for 30 days to combat the Log4Shell vulnerability, a critical zero-day threat. With this initiative, Qualys aims to assist organizations in detecting and mitigating risks associated with the CVE-2021-44228 flaw that affects web applications globally. The WAS tool simulates attack patterns to accurately identify vulnerable sites, helping organizations secure their systems against potential exploits. CEO Sumedh Thakar emphasized the urgency of addressing this vulnerability, calling it one of the most alarming threats in a decade.
Qualys, Inc. (NASDAQ: QLYS) announced the appointment of Bill Berutti to its Board of Directors. Berutti, an expert in cloud and enterprise software, brings significant experience from his roles at Plex Systems and BMC Software. His addition is expected to enhance Qualys' strategic direction as they focus on expanding their cloud platform and delivering innovative solutions. This move aligns with the company's growth strategy aimed at providing advanced security and compliance solutions to over 19,000 active customers worldwide.
Qualys, Inc. (NASDAQ: QLYS) has achieved the AWS Graviton Ready designation, integrating its Cloud Agent with AWS Graviton's services. This recognition enables joint customers to benefit from the cost savings of AWS Graviton2 ARM architecture alongside Qualys' comprehensive IT, security, and compliance platform. Customers can easily activate multiple applications, including the innovative VMDR, streamlining workflows on AWS. Qualys is distinguished as an AWS Partner Network member with products built for AWS services, enhancing productivity for AWS customers.
Qualys, Inc. (NASDAQ: QLYS) will host its annual Qualys Security Conference (QSC) on November 17-18, 2021, in Las Vegas, featuring industry experts and keynotes from Chris Krebs and CEO Sumedh Thakar. The event focuses on enhancing cybersecurity practices amid rising cyber threats and includes free training sessions on best practices and product features. Attendees can network and explore Qualys’ unified security solutions aimed at improving IT visibility and compliance management. Registration for attendees is complimentary.
Qualys, Inc. (NASDAQ: QLYS), a leader in cloud-based IT security and compliance solutions, will participate in two upcoming investor events. Management, including Sumedh Thakar, CEO, and Joo Mi Kim, CFO, will engage in a fireside chat at Needham's Virtual Security Conference on November 16, 2021, at 5:15 p.m. ET, and at Nasdaq's 45th Investor Conference on December 1, 2021, at 12:00 p.m. ET. Investors can access a live webcast and replay on the Qualys investor relations page.
Qualys reported strong Q3 2021 earnings, with revenues rising 13% to $104.9 million and GAAP net income of $27.8 million, or $0.70 per diluted share. Non-GAAP net income was $34.2 million, a 9% increase year-over-year. Adjusted EBITDA climbed 11% to $50.3 million. The company also announced a $200 million increase in its share repurchase program. Despite a decrease in operating cash flow by 19% to $48.5 million, gross margins improved, reflecting solid performance in its Vulnerability Management, Detection and Response application.
Qualys, Inc. (NASDAQ: QLYS) announced the integration of Infrastructure as Code (IaC) scanning into its CloudView app on November 2, 2021. This enhancement aims to detect and remediate misconfigurations early in the software development lifecycle, significantly reducing security risks. With IaC scanning, organizations can assess their security posture before deployment, adhere to established security best practices, and ensure compliance with over 20 industry regulations. The CloudView IaC Security tool supports multiple IaC languages and is currently in beta, with general availability expected later this year.
FAQ
What is the current stock price of Qualys (QLYS)?
What is the market cap of Qualys (QLYS)?
What does Qualys, Inc. do?
When was Qualys founded?
Which key products does Qualys offer?
What recent partnerships has Qualys announced?
How did Qualys perform financially in Q1 2024?
What is Qualys' latest product launch?
How is Qualys supporting federal zero-trust strategies?
Who are some of Qualys' key customers?
Where is Qualys headquartered?
How does Qualys help organizations save costs?
