Qualys, Inc.
QLYS 6.5Price and target zones价格与目标区间
What the company does公司做什么
Qualys makes cloud software that continuously scans a company's computers, servers, and cloud systems for security weaknesses — the holes and misconfigurations an attacker could use. It sells no hardware; the service is delivered from its own cloud.Qualys 提供云端软件，持续扫描一家公司的电脑、服务器和云系统，找出安全漏洞——也就是攻击者可以利用的缺口和配置错误。它不卖任何硬件；这项服务从它自己的云端提供。
Earns from营收来源 subscriptions. Revenue is essentially all recurring software.订阅费。收入基本上全部是经常性的软件收入。
Read the full description查看完整介绍
Qualys, Inc. provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally. The company provides Qualys Cloud Apps, which include cybersecurity asset management; enterprise TruRisk management; vulnerability management, detection, and response; total application security; patch management; custom assessment and remediation; multi-vector endpoint detection and response; policy audit; and file integrity monitoring. It offers TotalCloud, a cloud-native application protection platform, which include cloud workload protection, cloud detection and response, cloud security posture management, infrastructure as code, SaaS security posture management, cloud infrastructure and entitlement management, and Kubernetes and container security. In addition, the company markets and sells IT, security, and compliance solutions; offers Qualys' Enterprise TruRisk platform that enables customers to identify and manage IT and operational technology assets; collect and analyze IT security data; discover and prioritize vulnerabilities; quantify cyber risk exposure; recommend and implement remediation actions; and verify the implementation of such actions. Further, it offers asset tagging and management; reporting and dashboards; questionnaires and collaboration; remediation and workflow; big data correlation and analytics engine; and alerts and notifications. The company offers its solutions to enterprises, government entities, and small and medium-sized businesses in various industries, including education, financial services, government, healthcare, insurance, manufacturing, media, retail, technology, and utilities through its sales teams, as well as through security consulting organizations, managed service providers, resellers, cloud providers, and consulting firms. Qualys, Inc. was incorporated in 1999 and is headquartered in Foster City, California.
What the company sells公司卖什么
One platform that has scanned company systems for two decades.一个已经为企业系统扫描了二十年的平台。
- VMDR
- Finds software weaknesses and ranks which to fix first.找出软件漏洞，并排出先修哪个的优先顺序。
- Policy Compliance
- Checks systems against security rules.按安全规则检查各个系统是否合规。
- CyberSecurity Asset Management
- Keeps an inventory of what a company owns.为公司拥有的设备和资产建立并维护一份清单。
- TruRisk
- Scores and ranks a company's overall security risk.为公司的整体安全风险打分和排序。
Company facts公司资料
- Founded成立时间
- 1999
- Headquarters总部
- Foster City, California
- Employees员工人数
- 2,683
- Industry行业
- Software - Infrastructure
- Country国家
- United States
Investment thesis投资逻辑 from the watchlist来自关注列表
Quality intact, value gone. 42% FCF margin (31% SBC-adj), ROIC 31.4%, $677M net cash, buybacks 2.4× SBC. But growth decelerating 4 straight yrs (19→13→10→8%), NRR 104% — MSFT/PANW/CRWD bundling is the real threat. FV $120-150.
What's working
- Q2 beat and raise: EPS $1.98 vs $1.78, revenue $182.2M vs $178.6M; FY26 guide raised to $732-738M and EPS to $7.74-7.88 vs $7.16 consensus. New AI "InstaScan" scanless-scanning capability. +13.8% to $183.25 — a new 12-month high, above the $120-150 FV and above the consensus target. Good news fully priced in one session; do not chase. Next: watch NRR ≥103%
Watch
- 49 insider sells, 0 buys; consensus tgt $131 below spot. Add $100-115
- DATE CORRECTED AGAIN 8/05 — it printed 8/5, not 8/10; this entry has now been wrong twice.
⚠️ 8/05 再次更正日期 —— 财报实际是 8/5 发布，不是 8/10；这一条目已经写错两次。 ✅ Q2 超预期并上调指引：EPS $1.98 对预期 $1.78，营收 $182.2M 对预期 $178.6M；FY26 营收指引上调至 $732-738M，EPS 上调至 $7.74-7.88，高于 $7.16 的市场预期。 新推出 AI 驱动的「InstaScan」无扫描扫描能力。+13.8% 至 $183.25 —— 创 12 个月新高，已高于 $120-150 的公允价值区间，也高于市场平均目标价。 好消息在一个交易日内就被完全定价；不要追高。后续关注 NRR ≥103%。
Historical results历史业绩 past fiscal years — these values do not change过去财年——这些数值不会变动
Profit margins利润率 the share of revenue that stays as profit营收中留存为利润的比例
of every $1 of revenue每 $1 营收中的占比
- Return on equity净资产收益率
- 38%
- Revenue growth营收增长
- +10%
Competitors竞争对手
Why customers stay客户为什么留下
Two decades of scanning data, broad coverage, and deep roots in customers' compliance routines. The weakness is honest: growth has slowed to about 10%, and larger platforms — CrowdStrike, Microsoft, Wiz — increasingly fold this scanning into bundles customers already buy, which pressures standalone demand.二十年积累的扫描数据、广泛的覆盖面，以及深深扎根于客户的合规流程之中。它的短板很坦白：增长已放慢到约 10%，而且更大的平台——CrowdStrike、Microsoft、Wiz——越来越多地把这种扫描功能打包进客户本来就要买的套餐里，这压制了对独立产品的需求。
Related companies相关公司 🟠 Cybersecurity
Platform bundling by Microsoft/PANW/CRWD, plus sector-wide multiple de-ratings that hit good and bad alike (QLYS −20% in 9 days on no company news).
4 held = deep. New entries are swaps, not adds.