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Investing.com -- Qualys Inc (NASDAQ:QLYS) shares surged 8% after the cloud-based IT security provider reported second-quarter earnings that exceeded analyst expectations and raised its full-year guidance, signaling continued momentum in its cybersecurity business.
The company posted adjusted earnings of $1.68 per share for the second quarter, significantly outpacing the analyst consensus of $1.47. Revenue rose 10% YoY to $164.1 million, surpassing the $161.24 million estimate. The strong performance was driven by solid execution of the company’s strategic initiatives and growing adoption of its cloud security solutions.
"In Q2, we executed well against our strategic agenda, delivering solid revenue growth and profitability," said Sumedh Thakar, Qualys’ president and CEO. "With trusted innovation and early Risk Operations Center adoption, we’re strengthening our position as the partner of choice for customers ready to centralize their response to cyber risk."
Looking ahead, Qualys raised its full-year 2025 outlook, now expecting revenue between $656 million and $662 million, up from its previous guidance of $648 million to $657 million and above the analyst consensus of $653.3 million. The company also increased its full-year adjusted earnings forecast to $6.20-$6.50 per share, compared to its earlier projection of $6.00-$6.30 and the consensus estimate of $6.23.
For the third quarter, Qualys anticipates revenue of $164.5-$167.5 million and adjusted earnings of $1.50-$1.60 per share, both ranges exceeding analyst expectations.
The company highlighted several business achievements during the quarter, including the launch of its inaugural managed Risk Operations Center Alliance Partners and the expansion of its TotalAI solution with advanced AI security capabilities. Qualys also enhanced its Policy Audit solution to help organizations reduce compliance costs and regulatory exposure.
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