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DA Davidson analyst Jack Andrews likened Qualys’ ( QLYS ) disappointing Q4 to the 1994 action flick “Speed.” And even Keanu Reeves and Sandra Bullock would struggle to pilot this speeding vehicle. “Qualys reminds us of an automobile driver who is trying to simultaneously replace critical engine parts while maintaining an appropriate speed limit on a busy road,” Andrews wrote in a research note Tuesday. “There are simply too many moving parts to fully support a buy rating.” Andrews downgraded Qualys stock to neutral and cut his price target to 25 from 51. At least three other analysts slashed their price targets on Qualys stock after the cloud security vendor late Monday reported Q4 and 2015 sales that missed Wall Street views. Its Q1 guidance also lagged the consensus. Qualys stock was down 23% in afternoon trading in the stock market today , hitting a 30-month low near 17. For Q4, Qualys reported 21 cents earnings per share ex items on $44.4 million in sales, up 40% and 21.5%, respectively, from the year-earlier quarter. EPS topped expectations for 17 cents, but sales missed the consensus of 16 analysts polled by Thomson Reuters for $44.6 million. Qualys ended the year with $164.3 million in sales and 70 cents EPS ex items. Current-quarter sales guidance for $44.7 million to $45.4 million would be up 20% at the midpoint, but that’s more than $1 million short of the consensus. EPS guidance for 14-16 cents missed Wall Street views for 18 cents. New Products Could Buoy Growth Last quarter was Qualys’ slowest in more than two years, Pacific Crest analyst Rob Owens noted in a research report. Owens rates Qualys stock as sector weight. Vulnerability management (VM) comprises 78.7% of Qualys’ Q4 sales and grew 18% vs. the year-earlier quarter and 19% for the year, Credit Suisse analyst Sitikantha Panigrahi wrote in a report. Noncore products — Web application scanning, policy compliance and Web application firewall — rose 35% year over year in Q4, but decelerated sequentially from 40% growth in Q3 and 50% in Q2, Panigrahi wrote. Panigrahi reiterated his outperform rating on Qualys stock but cut his price target to 35 from 45. But Summit Research analyst Srini Nandury reiterated his buy rating on Qualys stock but dropped his price target to 35 from 50. Nandury expects at least 20% near-term sales growth on new product launches this month. The new series will be based on Qualys’ ElasticSearch capabilities and Cloud Agent platform, Qualys CEO Philippe Courtot said in the company’s earnings conference call. “Many businesses are yet to deploy VM solutions in any meaningful way,” Nandury wrote in a report. “Upcoming products are expected to contribute meaningfully by year-end.” Security Stocks Hit In High-Tech Sell-Off Yet, Pacific Crest’s Owens questioned whether Qualys could maintain its VM leadership in a tough market. IBD’s 41-company Computer Software-Security industry group closed down nearly 7.2% Monday, after falling 7.4% Friday. The group was down another fraction midday Tuesday and touched its lowest point since June 2014. “We continue to believe that Qualys is beginning to cede share to smaller, more nimble competitors in their core VM space, and that others may offer a stronger value proposition with their complementary solutions and messaging,” Owens wrote. Smaller rivals include Rapid7 ( RPD ) — a $408 million market value to Qualys’ $609 million — and privately held Beyond Security, Critical Watch, Core Security, SAINT, Tenable Network Security and Tripwire. Owens added: “While everything is ‘on sale’ in this bear market, we prefer names that could offer more upside should things stabilize.” The unstable stock environment got no help last week from weak   quarterly reports from LinkedIn ( LNKD ) and Tableau Software ( DATA ). Cybersecurity competitors Palo Alto Networks ( PANW ) and  Proofpoint ( PFPT ) were recovering somewhat Tuesday, both up 1% Tuesday afternoon, but   FireEye ( FEYE ) stock was down 2.5% Tuesday afternoon, after falling 9.5% Monday.