Qualys Outlook Strong, But Valuation Concerns Linger

By | March 19, 2015

Scalper1 News

Online security software company Qualys (QLYS) received a cautiously optimistic report from RBC Capital Markets on Thursday. RBC analyst Matthew Hedberg raised his price target on Qualys stock to 47 from 40 but reiterated his sector perform rating. “Valuation is the only thing holding us back, as we really like the fundamentals,” he said. The Redwood City, Calif.-based company went public in September 2012 at 12 and hit an all-time high of 50 on Scalper1 News

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