Qualys Shares Plummet On Disappointing Outlook

MarketWatch Pulse

Qualys Inc. shares dropped in the extended session Monday after the cybersecurity company's outlook fell below Wall Street expectations. Qualys shares fell 23% to $42.15 on moderate volume. Qualys forecast adjusted earnings of 9 cents to 11 cents a share on revenue of $39.5 million to $40 million for the second quarter, and 50 cents to 55 cents a share on revenue of $165 million to $166.5 million for the year. Analysts surveyed by FactSet estimate 13 cents a share on revenue of $40.7 million for the second quarter, and 53 cents a share on revenue of $168.4 million for the year. The company reported adjusted first-quarter earnings of 15 cents a share on revenue of $37.5 million. Analysts had expected 11 cents a share on revenue of $38 million.

Copyright © 2015 MarketWatch, Inc.

Continue Reading Below