Rosenblatt analyst Yun Kim said feedback he gathered from users at the Qualys Security Conference was "generally positive, noting that about a third of the users he spoke to were first-time attendees, reflecting customers' interest in the company's expanding product solutions. While he sees increasing risk of the company not achieving its 2021 revenue growth target, Kim believes overall investor sentiment is "gradually shifting away from this target and focusing more on the opportunity ahead," the analyst stated. Kim, who thinks shares are fairly valued when Qualys' industry-leading margin and free cash flow generation are considered, keeps a Neutral rating on the stock.