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Needham raises Qualys target to 18% upside

Feb. 15, 2018 7:48 AM ETQualys, Inc. (QLYS) StockQLYSBy: Brandy Betz, SA News Editor1 Comment
  • Needham maintains a Buy rating and raises its Qualys (NASDAQ:QLYS) price target by $10 to $80, a nearly 18% upside to yesterday's close.
  • Firm cites better than expected quarterly results and the strong guidance.
  • Firm had expected gradual acceleration to the upper teens and possible 20% CY18 growth, but guidance called for 19% to 21% growth in Q1 and through the year.   
  • Source: Briefing.com.    
  • Previously: Qualys +1.4% after Q4 beats, upside Q1 and FY guidance (Feb. 12)

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