Qualys Sees International Revenue Up 15% as UBS Cuts Price Target to $140
UBS reduced its Qualys price target from $150 to $140, implying 35.6% upside consistent with a 30.8% median analyst estimate. In Q4 FY2025, Qualys delivered 10% year-over-year revenue growth to $175.3 million, driven by 15% international and 17% channel revenue increases.
1. UBS Lowers Price Target to $140
UBS analyst Roger Boyd trimmed Qualys’s price target from $150 to $140 while maintaining a Neutral rating, reflecting an anticipated 35.6% upside. This revision aligns with the 30.8% median upside projected by 26 analysts covering the stock, signaling moderate confidence in further share gains.
2. Q4 FY2025 Segment Performance
Qualys reported Q4 revenue of $175.3 million, a 10% increase year-over-year, with channel partners contributing 51% of sales and growing 17%. International markets led with 15% growth compared to 6% domestically, and the company generated $74.9 million in free cash flow alongside $82.6 million in adjusted EBITDA and $1.87 in diluted EPS.
3. 2026 Revenue and EPS Guidance
For fiscal 2026, Qualys forecasts revenue between $717 million and $725 million, up 7%–8%, and Q1 revenue of $172.5 million to $174.5 million, up 8%–9%. EPS for Q1 is expected in the $1.76 to $1.83 range, with the guidance assuming stable net dollar expansion and moderate new business growth.