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Fly News Breaks for May 5, 2015
QLYS
May 5, 2015 | 09:01 EDT
As previously reported, Baird upgraded Qualys to Outperform from Neutral. The firm upgraded shares citing the after-market sell-off on Q1 results and lowered 2015 guidance. Baird said Qualys reduced prior 2015 revenue guidance was due to a "slight deceleration" in the core vulnerability management business. With the core platform now in place, the firm believes Qaulys is developing new services and has several more new products in the pipeline that enhances the company's long-term growth prospects. Baird is maintaining its $50 price target and said to "back up the truck" and buy shares.