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 partnered with TD SYNNEX to enhance its cybersecurity offerings in North America. This collaboration allows TD SYNNEX to provide its resellers access to the Qualys Cloud Platform, which includes the VMDR (Vulnerability Management, Detection, and Response) app. The integration aims to simplify security operations and lower compliance costs for businesses. With over 19,000 active customers across more than 130 countries, Qualys continues to strengthen its market position by leveraging TD SYNNEX's extensive ecosystem.
Qualys, Inc. (NASDAQ: QLYS) announced new multi-tenant cloud platforms for Australia/New Zealand and the UK to cater to growing customer needs. These deployments enhance global operations, addressing data sovereignty concerns while improving latency and service reliability. The Qualys Cloud Platform supports integrated IT, security, and compliance applications, including VMDR and Multi-Vector EDR. The initiative aims to ensure local compliance, helping organizations meet local regulations efficiently amid increasing cloud-based security demand.
Qualys, Inc. (NASDAQ: QLYS) will report its third-quarter 2021 financial results on November 3, 2021, after market close. The company will host a conference call at 5:00 p.m. ET to discuss these results, providing investors access via dial-in and a live webcast. With over 19,000 active customers across 130 countries, Qualys continues to lead in cloud-based IT security solutions, supporting organizations in enhancing their digital transformation strategies. For further details, investors can join the call or access the replay through the provided webcast link.
Qualys, a leader in cloud-based IT security solutions, has launched its Ransomware Risk Assessment Service, aimed at helping organizations identify and mitigate ransomware risks. This service will be available at no cost for 60 days during Cybersecurity Awareness Month. The FBI reported a 62% rise in ransomware incidents, highlighting the growing threat. The service provides a comprehensive view of ransomware exposure, integrates patch deployment, and offers actionable insights based on extensive research into ransomware vulnerabilities. Organizations can sign up for the service immediately.
Qualys, Inc. (NASDAQ: QLYS) announced the integration of zero-touch patching into its Patch Management app, enhancing cybersecurity efficiency. This new capability automates patch deployment, reducing vulnerabilities and operational costs while accelerating compliance with security policies. The feature prioritizes vulnerabilities based on real-time threat indicators, alleviating the burden on IT teams. Qualys aims to support organizations in minimizing cyber risks, especially against ransomware, by delivering proactive patching solutions. The zero-touch patching is set to be available in October 2021.
On August 11, 2021, Qualys (NASDAQ: QLYS) announced its participation in the Citi's 2021 Global Technology Virtual Conference. Sumedh Thakar, CEO, and Joo Mi Kim, CFO, will engage in one-on-one meetings and a fireside chat on September 13, 2021, at 3:30 p.m. ET. A live webcast will be available on Qualys' investor relations page, with a replay following the event. Qualys continues to lead in cloud-based IT and security solutions, supporting over 19,000 customers globally.
Qualys, Inc. reported strong second-quarter results for 2021, with revenues of $99.7 million, a 12% increase from the previous year. Net income was $21.1 million or $0.53 per diluted share. The company saw a significant 51% year-over-year growth in paid cloud agent subscriptions, totaling 64 million. Operating cash flow surged 86% to $54.4 million, representing 55% of revenues. Leadership changes include Sumedh Thakar as CEO and Allan Peters as Chief Revenue Officer. Qualys also introduced new cybersecurity solutions, enhancing its competitive edge.
Qualys (NASDAQ: QLYS) announced on August 9, 2021, its agreement to acquire TotalCloud, a no-code automation platform, enhancing its Cloud Security solution. This acquisition aims to simplify the creation of user-defined workflows, allowing users to automate tasks across multi-cloud environments through a drag-and-drop interface. CEO Sumedh Thakar highlighted the need for automated workflows in improving cloud security. The TotalCloud technology will enable integration with tools like ServiceNow and Jira, enhancing Qualys' offerings and innovation in the cloud security domain.
Qualys (NASDAQ: QLYS) has partnered with Red Hat to improve security for Red Hat OpenShift and its Enterprise Linux CoreOS. This collaboration introduces a containerized Qualys Cloud Agent that provides continuous visibility and management of vulnerabilities. The integrated solution enables users to monitor installed software, manage host hygiene, and deploy security measures without modifying the host. This collaboration aims to enhance the security posture for organizations utilizing Red Hat technology.
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