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Fly News Breaks for September 10, 2018
QLYS
Sep 10, 2018 | 19:04 EDT
First Analysis analyst Howard Smith kept his Overweight rating and $112 price target on Qualys, saying that after hosting meetings with the management, he is more confident in the company's product platform generating above-market revenue growth and expanding EBITDA margins. The analyst anticipates a "buoyant" security spending environment and up-selling opportunities to boost the company's revenue growth rate to low mid 20% by 2021, though Smith also notes Qualys' 50% year-to-date in urging investors to look for a pullback.
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