On September 11, Qualys fell 6.21% in regular trading, trading at $152.33/share, with turnover of $55.40 million. The decline was primarily triggered by Wedbush downgrading the stock from Outperform to Neutral.

On the news front, Wedbush lowered its rating on Qualys while simultaneously raising its price target from $125 to $175. Despite the higher target, the downgrade signals that analysts believe upside potential is limited following the stock's prior run-up. According to FactSet, Qualys currently carries an average analyst rating of Hold with a mean price target of $179.75. With fundamental positives already largely priced in, the rating downgrade triggered profit-taking sentiment across the market.

On the earnings front, Qualys reported its most recent quarterly results on August 4, posting adjusted EPS of $1.56. In the prior quarter, the company generated revenue of $176 million, representing approximately 10% year-over-year growth, with a gross margin of 83.28% and a net margin of 28.83%.

Within the Systems Software sector where Qualys belongs, the overall performance was mixed. Among individual stocks, Oracle down 0.46%, Microsoft up 0.68%, NEBIUS down 0.13%, ServiceNow up 0.16%, CrowdStrike Holdings down 1.34%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)