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Fly News Breaks for November 20, 2018
QLYS
Nov 20, 2018 | 06:41 EDT
BTIG analyst Joel Fishbein upgraded Qualys to Buy from Neutral with a price target of $100, citing the company's exposure to "secular tailwinds" around the growth of Internet of Things technology and heightened awareness of cyber security risk. The analyst adds that his discussions with customers and partners at QSC 2018 supported the company's "strengthening case that it will be one of the cloud platforms to survive and thrive in the security ecosystem over the next decade". Fishbein is also positive on Qualy's highly attractive profitable growth model and its excellence in R&D development in India.
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