Qualys Inc. (NASDAQ: QLYS), a leading provider of cloud-based cybersecurity solutions, saw its stock price skyrocket by 28.02% on November 6, 2024, following the company's impressive third-quarter results and raised guidance for the full year.
For the third quarter ended September 30, 2024, Qualys reported revenue of $153.9 million, an 8% increase compared to the same period last year, surpassing analysts' expectations of $150.7 million. The company's adjusted earnings per share (EPS) came in at $1.56, significantly higher than the consensus estimate of $1.33.
Driven by the strong quarterly performance, Qualys raised its full-year 2024 revenue guidance to a range of $602.9 million to $605.9 million, up from the previous guidance of $597.5 million to $601.5 million. The company also increased its adjusted EPS guidance for fiscal 2024 to $5.81 to $5.91, compared to the earlier range of $5.46 to $5.62.
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