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Fly News Breaks for August 4, 2015
QLYS
Aug 4, 2015 | 05:53 EDT
JPMorgan analyst Sterling Auty views Qualys' year as more backend loaded than expected following the company's Q2 results. Bookings in the quarter "were not great" as sales and marketing expenses came in below forecast, driving the upside, Auty tells investors in a research note titled "Results Could Create a False Read." He cut his price target for the stock to $39 from $43 and thinks the more backend loaded year could be a near-term challenge for shares. Auty keeps a Neutral rating on Qualys.
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