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home / news releases / QLYS - Qualys Faces Tough 2024 As Revenue Growth Will Sag (Downgrade)

QLYS - Qualys Faces Tough 2024 As Revenue Growth Will Sag (Downgrade)

Qualys Inc.

2024-02-06 12:37:06 ET

Summary

  • Qualys is losing Microsoft as a VMDR client, which will have a significant impact on its revenue in 2024.
  • The company's business model relies on both direct customers and customers through partners, with partner revenue growing at a faster rate.
  • Despite strong cash flow and performance metrics, Qualys will face challenges in replacing the lost revenue from Microsoft.
  • My near-term outlook on QLYS is to Sell.

Investment Outlook

I previously wrote about Qualys (QLYS) in August 2023 with a Hold outlook due to slowing sales cycles....

For further details see:

Qualys Faces Tough 2024 As Revenue Growth Will Sag (Downgrade)
Stock Information
Company Name: Qualys Inc.
Stock Symbol: QLYS
Market: NASDAQ
Website: qualys.com
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