Qualys Slammed On Q4, 2015 Sales Miss, Sluggish Q1 Guidance

By | February 8, 2016

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Cloud-securer Qualys ( QLYS ) more than doubled its losses from the regular stock-trading session after-hours on Monday, as it missed the consensus analyst view on Q4 and 2015 sales and offered Q1 guidance that lagged Wall Street expectations. In extended trading Monday, Qualys stock plunged 6.7% after wrapping the day down 6.1% at the closing bell. High-tech stocks toppled Monday on continued pressure following LinkedIn ( LNKD ) and Tableau ‘s ( DATA ) poorly received forecasts late last week. And stocks were widely slammed by global worries , with the price of oil again dropping to about $30 a barrel. IBD’s 41-company Computer Software-Security industry group closed Monday down 7.2% after ending Friday down 7.4%. Shares of Proofpoint ( PFPT ), FireEye ( FEYE ), CyberArk Software ( CYBR ) and Palo Alto Networks ( PANW ) also suffered Monday and closed the day down 10.3%, 9.5%, 9% and 9.3%, respectively. For its Q4 ended Dec. 31, Qualys reported $44.4 million in sales and 21 cents in earnings per share excluding items, up 21% and 40%, respectively. EPS minus items easily topped the consensus of 16 analysts polled by Thomson Reuters for 17 cents, but sales were slightly short of Wall Street expectations for $44.6 million. Qualys wrapped the year with 70 cents EPS ex items on $164.3 million in sales, up 52% and 23%, respectively, year over year. Sales fell short of the consensus view for $164.4 million, but EPS minus items topped projections for 66 cents. In both cases, Q4 and 2015 sales were in line with Qualys’ prior guidance, but EPS minus items topped the high end of earlier views. Current-quarter guidance for $44.7 million to $45.4 million and 14-16 cents EPS ex items would be up 20% and flat, respectively, at the midpoints of the outlook. But both views missed the consensus model for $46.3 million and 18 cents. Qualys stock hit an all-time high of 55.47 on May 4, 2015, but plunged nearly 33% the next day after missing Q2 expectations. Since then, shares have fallen another 39%. Scalper1 News

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