Qualys Receives a New Rating from Top Analyst

By Austin Angelo

In a report released yesterday, Ross MacMillan from RBC Capital reiterated a Hold rating on Qualys (NASDAQ: QLYS), with a price target of $45. The company’s shares opened today at $40.65.

According to TipRanks.com, MacMillan is a top 25 analyst with an average return of 24.1% and a 85.2% success rate. MacMillan covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Intralinks Holdings, and Verint Systems Inc.

Currently, the analyst consensus on Qualys is Moderate Buy and the average price target is $44.60, representing a 9.7% upside.

In a report released yesterday, Robert W. Baird also maintained a Hold rating on the stock with a $42 price target.

The company has a one year high of $44.35 and a one year low of $30. Currently, Qualys has an average volume of 285.6K.

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Qualys, Inc. engages in the provision of cloud security and compliance solutions. Its products enable organizations to identify security risks to information technology infrastructures; help protect information technology systems and applications from cyber attacks; and achieve compliance with internal policies and external regulations.