2020-05-01 08:23:27 QLYS Qualys
05/01/20 05/0108:23 05/01/2008:23 | Qualys downgraded to Neutral following outperformance at Monness CrespiAs previously reported, Monness Crespi analyst Ryan Flanagan downgraded Qualys to Neutral from Buy. While he expects Qualys to deliver solid Q1 results given that key rivals have cited positive trends through April, Flanagan is cutting his 2020 and out-year estimates to reflect the deterioration in the spending environment. With the stock having appreciated 15% since mid-February and significantly outpacing the peer group and major indices year-to-date, he thinks valuation is full at current levels, the analyst said. |
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