On August 5, Qualys rose 12.38% in pre-market trading, trading at $182.082/share, with turnover of $225,800.

On the news front, the company released its fiscal second-quarter earnings report, with both profits and revenue exceeding market expectations, while simultaneously raising full-year guidance. Q2 adjusted EPS came in at $1.98, beating the analyst consensus estimate of $1.78 by approximately 11.24%, representing a 17.86% year-over-year increase. Revenue reached $182.175 million, surpassing the expected $178.565 million. The company raised its full-year adjusted EPS guidance to $7.74-$7.88, above the market estimate of $7.60, and lifted full-year revenue guidance to $732-$738 million, exceeding the consensus of $724.5 million.

This marks consecutive quarters of above-consensus performance, following Q1 EPS of $1.95 which also beat estimates by 8.33%. The company has recently launched AI-driven cybersecurity products including InstaScan and Agent Val, accelerating commercialization. Scotiabank upgraded its rating to Sector Outperform with a $190 target price.

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