Qualys Shares Slide On Weak Earnings Outlook

Shares of Qualys Inc. slid in Monday's extended trade after the cybersecurity firm issued a weak profit outlook. Qualys reported its fourth-quarter earnings slumped to $5.42 million, or 14 cents a share, from $25.9 million, or 69 cents a share, in the same quarter last year. On an adjusted basis, the company earned 21 cents a share. Revenue grew 22% to $44.4 million. Analysts surveyed by FactSet had forecast earnings of 17 cents a share on revenue of $44.6 million. Qualys projected first-quarter adjusted earnings per share of 14 cents to 16 cents and revenue in a range of $44.7 million to $45.4 million, below analysts' estimate for EPS of 18 cents and $46.3 million revenue. Shares fell 4.5% in the after-hours session.