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Markets · Investing · Business
Finance
Why Qualys Stock Crushed it on Wednesday
The company managed to boost its key second-quarter fundamentals at impressive rates.
Shares of cybersecurity company Qualys(NASDAQ: QLYS) looked more than secure on Hump Day, thanks to strong second-quarter results. With that blustery tailwind at its back, the highly specialized tech stock rose by nearly 14% in price that trading session.
Qualys posted those quarterly results well before market open, revealing that it booked revenue of nearly $182.2 million for an 11% year-over-year gain. Another double-digit increase was recorded in net income not under generally accepted accounting principles (non-GAAP, or adjusted); this flew 13% higher to more than $69 million ($1.98 per share).
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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