QLYS
Qualys, Inc.

Qualys, Inc.QLYS

Technology · Software - Infrastructure
190.41USD
-4.62%
Nov 09, 2026
QLYS overview ready
Cloud-Delivered Continuous Vulnerability and Compliance Platform for Enterprises
Qualys is a direct, largely pure-play provider of cloud-delivered vulnerability management, asset visibility, cloud-security posture management, compliance, exposure prioritization, and remediation workflows.
Primary theme is weakening
Cybersecurity is weakening (-3.1pp vs SPY over 21 sessions; 8 of 20 members ahead of SPY).
Constructive pullback in an uptrend
Longer-term context reads early trend, with a near-term setup of constructive pullback.
The setup is constructive, but the underlying structure is still poor.
Demanding valuation
Qualys, Inc. carries a Expensive valuation stance that the scored components do not clearly support.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Intense competition in cybersecurity software market.
Market Nov 6Filing Jun 30Price action Nov 8Research Oct 4

Conviction Level

PriceAction5.7BusinessPerformance7.0BusinessQuality9.5Valuation2.9ThemeMomentum3.0Improving — Revenue is growing at a steady pace (+11% year over year). Diluted EPS is up 16% year over year at $1.50. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
CybersecurityWeakening
vs SPY
−3.1pp
Theme return
−8.1%
Beating SPY
8 of 20
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Constructive pullback in an uptrend
Longer-term context reads early trend, with a near-term setup of constructive pullback.
The setup is constructive, but the underlying structure is still poor.
EntryEarly recovery

The structure is repairing early: weekly fast averages are being reclaimed and the daily chart is recovering constructively — an early-recovery entry profile.

Key Financials

Market Cap
$6.6B
Avg Volume (60D)
772.1K
60 sessions
Revenue Growth YoY
+10.1%
FY2025 vs FY2024
Gross Margin
+83.3%
Trailing twelve months
Operating Margin
+34.4%
Trailing twelve months
Free Cash Flow Yield
+4.8%
Distance from 200DMA
+39.7%
Next Earnings
2026-11-09
P/E
31.9x
Market metrics as of Nov 6, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Business Performance

Improving

Revenue is growing at a steady pace (+11% year over year). Diluted EPS is up 16% year over year at $1.50.

Latest reported: Q2 FY2026, ended Jun 30
Revenue growthGrowing
+11%
$182M in Q2 FY2026 · YoY
YoY growth, last 4 quarters
  1. +10%
  2. +10%
  3. +9.8%
  4. +11%
Earnings growthGrowing
+16%
Diluted EPS $1.50 vs $1.29 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. +12%
  2. +24%
  3. +10%
  4. +16%
Operating marginExpanding
34.0%
+2.6 pp YoY · gross margin 83.4% (+1.0 pp)

Business Quality

9.5 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

One of the two valuation perspectives says expensive; intrinsic is the dissenting view.
Qualys, Inc. carries a Expensive valuation stance that the scored components do not clearly support. Treat it as unresolved.

What changed

  • QLYS rose 9.3% in one session
    QLYS closed +9.3% while the broad market was close to flat (-1.2%).
    2026-10-22
  • Price structure improved
    QLYS: behavior moved from distribution to early trend.
    2026-10-21
  • Price structure deteriorated
    QLYS: behavior moved from constructive pullback to distribution.
    2026-10-20
  • Price structure improved
    QLYS: behavior moved from distribution to constructive pullback.
    2026-10-19

Company Research

Thesis
Qualys is a direct, largely pure-play provider of cloud-delivered vulnerability management, asset visibility, cloud-security posture management, compliance, exposure prioritization, and remediation workflows. The exposure is direct: this demand is served by the company's own core products.
Opportunity
Moderate opportunity
Enterprise security budgets shifting from periodic vulnerability scanning and siloed controls toward continuous discovery, contextual risk prioritization, validation, and remediation across hybrid and cloud environments.
Key risk
Intense competition in cybersecurity software market.

Economic classification

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Business & Markets

Technology · Software - Infrastructure
What they do

Qualys, Inc. operates a cloud-based platform delivering IT, security, and compliance solutions globally, enabling continuous vulnerability management and asset visibility across hybrid and cloud environments.

How it earns

The company primarily generates revenue through subscription-based licensing of its cloud security and compliance software applications.

Products & services
Qualys Cloud Apps
TotalCloud cloud-native application protection platform
Customers & end markets
Enterprises requiring cybersecurity and compliance solutions
Organizations managing hybrid and cloud IT environments
Market position

Qualys is a direct, largely pure-play leader in cloud-delivered vulnerability management and security posture management.

Demand drivers
Low cyclicality

Demand for cybersecurity and compliance solutions tends to be stable and driven by regulatory and risk management needs rather than economic cycles.

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