TD Cowen lowered the firm’s price target on Qualys to $140 from $170 and keeps a Hold rating on the shares. The firm said 2Q24 results showed accelerated demand softening for its standalone VM core offering by posting a negative billings growth of -2% and significantly falling short of the consensus.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on QLYS: