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Bull Of the Day: Qualys (QLYS)
Qualys (QLYS - Free Report) is coming off a solid earnings report and has become a Zacks Rank #1 (Strong Buy).Today this stock is the Bull of the Day. Let's take a look at the recent quarter and why I selected this stock as the Bull of the Day.
Description
Qualys, Inc. is a provider of cloud security and compliance solutions that enable organizations to identify security risks to their information technology infrastructures help protect their IT systems and applications from cyber-attacks. The Company's solutions are provided through its QualysGuard Cloud Platform. It offers products for vulnerability management, policy compliance, web application scanning, malware detection, and associated security products. Qualys, Inc. is headquartered in Redwood City, California.
Recent Quarter
The company posted earnings of $0.57 when the Zacks Consensus Estimate was looking for $0.28. That was a beat of $0.29 or 103% ahead of the estimate.
The company also guided analysts higher, which has sent earnings estimate revision moving to the upside.
Estimate Revisions
The Zacks Consensus Estimate for 2018 was $1.17 two months ago, but it is now $1.26. The really big move was seen in the 2019 Zacks Consensus Estimate which moved from $1.34 to $1.60 over the same time period.
Chart
Qualys, Inc. Price and Consensus
Qualys, Inc. Price and Consensus | Qualys, Inc. Quote
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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