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Why Qualys Shares Plunged

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What: Shares of Qualys (NASDAQ: QLYS  ) plunged by as much as 20% after the company reported earnings and offered disappointing guidance.

So what: Revenue during the fourth quarter came in at $24.7 million, with the 19% increase over last year being driven by increased subscription sales and cross-selling to existing customers. Non-GAAP net income was $2 million, or $0.06 per share. Both figures bested analyst forecasts, which called for $24.5 million in revenue and $0.05 per share in profit.

Now what: The current quarter's profit guidance left something to be desired, though. Qualys is expecting revenue in the range of $24.4 million to $24.9 million, while investors were expecting $25.3 million in sales in the first quarter. On a non-GAAP basis, the bottom line should be between a loss of $0.01 per share to a profit of $0.01 per share, which is short of the $0.04 profit investors were expecting. Full-year sales should be in the range of $106 million to $108 million.

Interested in more info on Qualys? Add it to your watchlist by clicking here.

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Evan Niu

Evan is a Senior Technology Specialist at The Motley Fool. He was previously a Senior Trading Specialist at a major discount broker. Evan graduated from the University of Texas at Austin, and is a CFA charterholder.

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Related Tickers

11/27/2015 12:59 PM
QLYS $38.51 Down -0.19 -0.49%
Qualys CAPS Rating: ***