Qualys reported first-quarter earnings and revenue that topped estimates while the cybersecurity firm's revenue guidance came in above expectations. Qualys stock wavered as Wall Street analysts mulled guidance and business trends.
Qualys earnings were released after the market close on Tuesday.
"Qualys indicated that it experienced macro-related tightening during the quarter with deals undergoing additional scrutiny and less upsell than it had anticipated," said William Blair analyst Jonathan Ho in a report.
He added: "New business wins were slightly lower than expectations but offset by higher gross retention. Despite accounting for these challenges, Qualys was still able to slightly raise the lower end of its (2025) revenue guidance range."
Qualys Stock: Q2 Guidance
Foster City, Calif.-based Qualys said March-quarter adjusted earnings rose 15% to $1.67 per share. Revenue rose 10% to $159.9 million, the company said.
Analysts expected Qualys to report earnings of $1.46 per share on sales of $157.1 million.
In Q1, adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) increased 8% to $74.8 million.
For the current quarter ending in June, Qualys forecast revenue in a range of $159.7 million to $162.7 million. Analysts had projected Q2 revenue of $160 million.
"Management noted that 'results reflect the success of new product initiatives and demonstrate customer demand for natively-integrated cybersecurity risk management solutions,'" said RBC Capital analyst Matthew Hedberg in a report.
Qualys sells security vulnerability management services. Its security and regulatory compliance solutions enable customers to identify risks and comply with policies.
On the stock market today, Qualys stock dipped a fraction to 126.58 in morning trades. QLYS stock had retreated 9% in 2025 heading into the earnings report.
Heading into the earnings report, QLYS stock owned a Composite Rating of 78 out of a best-possible 99, according to IBD Stock Checkup.
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