Yahoo Finance

Morgan Stanley assumed coverage of Qualys (QLYS) with an Underweight rating and $120 price target Qualys has struggled to maintain pace with overall market growth in recent years, but has succeeded more recently in upselling its core Vulnerability Management, Detection & Response solution, the analyst noted. However, with VMDR now in 54% of the existing base and new customer growth lacking, the firm expects growth to disappoint going forward, the analyst tells investors.

Light Up your Portfolio with Spark:

• Easily identify stocks' risks and opportunities.

• Discover stocks' market position with detailed competitor analyses.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See Insiders’ Hot Stocks on TipRanks >>

Read More on QLYS:

Questions or Comments about the article? Write to editor@tipranks.com

• Federal Communication Commission to create national security council, FT says

• Qualys CFO Kim sells 4,487 common shares

• DA Davidson analyst holds analys/industry conference call

• Qualys price target lowered to $146 from $150 at Northland

• Qualys Hold Rating: Mixed Guidance and Uncertainty Amid Strong Performance