Is Qualys (QLYS) a Good Long-Term Bet?

Polen Capital, an investment management company, released its “Polen U.S. Small Company Growth Strategy” fourth-quarter investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund delivered 3.46% net of fees compared to a 4.13% return for the Russell 2000 Growth Index. Style factor headwinds and relative sector positioning offset the positive stock selection in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2022.

Polen Capital highlighted stocks like Qualys, Inc. (NASDAQ:QLYS) in the Q4 2022 investor letter. Headquartered in Foster City, California, Qualys, Inc. (NASDAQ:QLYS) is a cloud-based cyber security solutions provider. On January 24, 2023, Qualys, Inc. (NASDAQ:QLYS) stock closed at $110.66 per share. One-month return of Qualys, Inc. (NASDAQ:QLYS) was 0.27%, and its shares lost 9.58% of their value over the last 52 weeks. Qualys, Inc. (NASDAQ:QLYS) has a market capitalization of $4.204 billion.

Polen Capital made the following comment about Qualys, Inc. (NASDAQ:QLYS) in its Q4 2022 investor letter:

“Qualys, Inc. (NASDAQ:QLYS) is a provider of cloud-based cybersecurity software primarily focused on the vulnerability management segment. While the company has outperformed year to date, it experienced weakness after reporting earnings results and given investors’ concerns over decelerating billings growth and lower-thanexpected fourth-quarter guidance. While the market was disappointed, these results were in-line with our expectations, and we still believe Qualys’s growth is impressive and presents an attractive long-term opportunity for investors.”

Qualys, Inc. (NASDAQ:QLYS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 25 hedge fund portfolios held Qualys, Inc. (NASDAQ:QLYS) at the end of the third quarter which was 23 in the previous quarter.

We discussed Qualys, Inc. (NASDAQ:QLYS) in another article and shared best cybersecurity stocks to buy heading into 2023. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.