Qualys price target lowered to $160 from $190 at Wedbush

Wedbush analyst Daniel Ives lowered the firm’s price target on Qualys to $160 from $190 and keeps an Outperform rating on the shares. The firm notes Qualys delivered a disappointing quarter featuring a top-line miss, while beating on the bottom line as the company continues dealing with a difficult macro with organizations continuing to optimize spending in an already tight IT environment.