- 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)