Wedbush lowered the firm’s price target on Qualys (QLYS) to $145 from $160 and keeps an Outperform rating on the shares. The firm notes Qualys reported Q1 earnings which featured beats across the top and bottom lines, while providing stronger than expected FY25 guidance as the company experienced a strong mix of new business growth and expansion deals in the pipeline while elevating investments into its platform innovations and go-to-market initiatives to navigate the murky macro backdrop.
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