Qualys (NASDAQ:QLYS) stock identified change of 75.56% away from 52-week low price and recently located move of 0.32% off 52-week high price. It has market worth of $4.58B. QLYS stock has been recorded 23.29% away from 50 day moving average and 30.49% away from 200 day moving average. Moving closer, we can see that shares have been trading 6.17% off 20-day moving average.
On May 07, 2020, Qualys (NASDAQ:QLYS) a pioneer and leading provider of cloud-based IT, security and compliance solutions, notified financial results for the first quarter ended March 31, 2020. For the quarter, the Company reported revenues of $86.3 million, net income under United States Generally Accepted Accounting Principles (U.S. GAAP) of $18.7 million, non-GAAP net income of $26.7 million, Adjusted EBITDA of $38.2 million, GAAP earnings per diluted share of $0.46, and non-GAAP earnings per diluted share of $0.65.
We are pleased to report another good quarter with accelerated growth in Qualys Cloud Agent subscriptions and strong adoption of our Vulnerability Management, Detection and Response (VMDR) app. Our results reflect the strategic importance of our robust cloud platform for continuously securing and monitoring hybrid environments and remote workforces as well as the expansion of our product suite including our innovative VMDR app, said Philippe Courtot, chairman and CEO of Qualys. We are pleased with our business momentum with both renewals and upsells performing well. Our groundbreaking VMDR application is seeing strong customer reception with nearly 150 customers already subscribed to it. VMDR not only helps proliferate Clouds Agents within our customer base but also sets a strong foundation for further upsell of our other paid applications. In addition, we are seeing a great response to our free remote endpoint protection offering with nearly 500 customers signed up for the service. We will also be extending the free service period for existing customers to enable them to trial the malware detection and response capabilities that we will be adding shortly.
In these challenging times, we are uniquely positioned with our profitable cloud platform model as companies accelerate their adoption of cloud-based solutions. This enables us to continue investing and recruiting for top talent as well as assist the community with fast development of free services. Furthermore, I am also pleased to announce our Board has authorized an additional 2-year $100 million open market share repurchase program, which reflects our belief in our cloud model to continue growing shareholder value as well as provides us with the opportunity to take advantage of any potential significant stock market dislocation, continued Courtot.
The Technology sector company, Qualys noticed change of 5.54% to $111.25 along volume of 721007 shares in recent session compared to an average volume of 516.41K. The stock observed return of 5.51% in 5 days trading activity. The stock was at 24.40% over one month performance. QLYS’s shares are at 25.41% for the quarter and driving a 27.46% return over the course of the past year and is now at 33.44% since this point in 2018.
The average volatility for the week at 3.88% and for month was at 4.16%. There are 41.19M shares outstanding and 33.45M shares are floated in market. Right now the stock beta is 1.