QLYS
Qualys, Inc.
QLYS has lower modeled downside risk, despite its lower overall score.
SNDK
Sandisk Corporation
SNDK has the edge over QLYS overall, supported by stronger fundamentals and stronger modeled upside.
QLYS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
QLYS's revenue, profitability, cash flow and balance sheet are all currently healthy.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
QLYS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 20x | $173 | — |
| Cheap | 27x | $165 | -4.7% |
| Current | 29x | $173 | — |
| Fair | 45x | $270 | +56% |
| Expensive | 58x | $347 | +101% |
Historical ranges are pointers, not guarantees.
QLYS's PE is in its cheap range at 29x. If earnings grow as analysts expect, today's price would be 20x next year's earnings.
SNDK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 3.8x | $937 | — |
| Current | 7.5x | $937 | — |
| Cheap | 17x | $2,173 | +132% |
| Fair | 24x | $3,048 | +225% |
| Expensive | 59x | $7,452 | +695% |
Historical ranges are pointers, not guarantees.
SNDK has the edge over QLYS in the historical PE scenario, which offers more potential upside but is not a forecast.
QLYS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| High |
Analysts expect earnings and revenue growth for QLYS, with profitability improving.
SNDK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for SNDK, with profitability improving.
QLYS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.54 | +42% |
| Q3 2026 | $6.01 | +16% |
| Q2 2026 | $5.78 | +15% |
| Q1 2026 | $5.57 | +14% |
| Q4 2025 | $5.44 | +17% |
| Q3 2025 | $5.16 | +14% |
| Q2 2025 | $5.01 | +11% |
| Q1 2025 | $4.89 | +13% |
| Q4 2024 | $4.65 | +15% |
QLYS's earnings per share have climbed steadily: $6.01 over the past year, up 16% from the year before, and higher year over year for 19 quarters in a row.
SNDK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $247.30 | +97% |
| Q3 2026 | $125.61 | +$137.63 |
| Q2 2026 | $73.76 | +$85.07 |
| Q2 2025 | -$11.31 | -$6.65 |
SNDK has the edge over QLYS in the latest year-over-year earnings comparison.
QLYS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $188M | +11% |
| Q2 2026 | $182.2M | +11% |
| Q1 2026 | $175.6M | +9.8% |
| Q4 2025 | $175.3M | +10% |
| Q3 2025 | $169.9M | +10% |
| Q2 2025 | $164.1M | +10% |
| Q1 2025 | $159.9M | +9.7% |
| Q4 2024 | $159.2M | +10% |
QLYS's revenue has grown year over year every quarter since late 2020: $188M last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 35% | 0 points |
| Q2 2026 | 34% | +2.6 points |
| Q1 2026 | 35% | +2.3 points |
| Q4 2025 | 34% | +2.5 points |
| Q3 2025 | 35% | +6.1 points |
| Q2 2025 | 31% | -1 points |
| Q1 2025 | 32% | +1.7 points |
| Q4 2024 | 31% | +2.4 points |
QLYS's operating margin was 35% last quarter, about level with the same quarter a year ago, near the top of its range since 2019.
SNDK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $11B | +378% |
| Q2 2026 | $9B | +372% |
| Q1 2026 | $6B | +251% |
| Q4 2025 | $3B | +61% |
| Q3 2025 | $2.3B | +23% |
| Q2 2025 | $1.9B | +8% |
| Q1 2025 | $1.7B | -0.6% |
| Q4 2024 | $1.9B | +13% |
SNDK's revenue has grown year over year for six quarters in a row: $11B last quarter, up 378% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 80% | +72 points |
| Q2 2026 | 78% | +78 points |
| Q1 2026 | 69% | +180 points |
| Q4 2025 | 35% | +25 points |
| Q3 2025 | 7.6% | -9 points |
| Q2 2025 | 0.9% | N/A |
| Q1 2025 | -111% | -122 points |
| Q4 2024 | 10% | +6.6 points |
SNDK has the edge over QLYS on profitability, with a higher operating margin.
QLYS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $100M | +12% |
| Q2 2026 | $55.9M | +72% |
| Q1 2026 | $93.6M | -13% |
| Q4 2025 | $74.9M | +79% |
| Q3 2025 | $89.5M | +55% |
| Q2 2025 | $32.4M | -34% |
| Q1 2025 | $107.6M | +29% |
| Q4 2024 | $41.9M | +30% |
QLYS's free cash flow has been positive every quarter for seven years: $324M over the past year, up 20% from the year before.
SNDK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $6.3B | +1340% |
| Q2 2026 | $7.1B | +14355% |
| Q1 2026 | $3B | +$3B |
| Q3 2025 | $438M | +$636M |
| Q2 2025 | $49M | +$217M |
| Q1 2025 | -$18M | +$23M |
| Q3 2024 | -$198M | -$157M |
SNDK generated $17.4B in free cash flow over the past year, more than ten times what it generated the year before.
QLYS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.8% | +291K shares |
| 1 year | -2.7% | -972K shares |
| 3 years | -5.7% | -2.1M shares |
| 5 years | -12% | -4.6M shares |
| Available history | -15% | -6M shares |
QLYS has the edge over SNDK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $54.2M |
| Q2 2026 | $77.9M |
| Q1 2026 | $53.5M |
| Q4 2025 | $44.7M |
| Q3 2025 | $49.2M |
| Q2 2025 | $49.9M |
| Q1 2025 | $39.7M |
| Q4 2024 | $42.7M |
QLYS spent $230M buying back its own shares over the past year, up 27% from the year before.
SNDK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -1M shares |
| 1 year | +3.4% | +5M shares |
| 3 years | +6.9% | +10M shares |
SNDK has 154M diluted shares, up 3.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5B |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
QLYS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.4x | Net Cash |
| Q2 2026 | -1.0x | Net Cash |
| Q1 2026 | -1.1x | Net Cash |
| Q4 2025 | -1.1x | Net Cash |
| Q3 2025 | -1.0x | Net Cash |
| Q2 2025 | -0.9x | Net Cash |
| Q1 2025 | -1.4x | Net Cash |
| Q4 2024 | -1.1x | Net Cash |
QLYS has the edge over SNDK on leverage, with a lower net debt burden relative to earnings.
SNDK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
SNDK has more cash than debt.
QLYS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.9 | Neutral |
| Stochastic | 55.4 | Neutral |
QLYS's weekly RSI is 52 (neutral) and its Stochastic is 55 (neutral).
SNDK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.2 | Neutral |
| Stochastic | 10.6 | Oversold |
SNDK's weekly RSI is 40 (neutral) and its Stochastic is 11 (oversold).
QLYS PE vs Technology Sector
| Metric | QLYS | Sector median | Relative |
|---|---|---|---|
| PE | 29x | 28x | 3.4% above |
| PE % | 23 | 35 | 12 pts below |
QLYS is trading at 29x earnings, in line with the Technology sector's median of 28x.
SNDK PE vs Technology Sector
| Metric | SNDK | Sector median | Relative |
|---|---|---|---|
| PE | 7.5x | 28x | 73% below |
| PE % | 4 | 27 | 23 pts below |
SNDK has the edge over QLYS on valuation relative to its sector.
QLYS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $194.2 | 11% below |
| 20 week MA | $176.6 | 2% below |
| 50 week MA | $136.5 | 27% above |
| 100 week MA | $135.5 | 28% above |
| 200 week MA | $140.8 | 23% above |
QLYS has stronger trend alignment. QLYS is above 3 of 5 weekly averages versus SNDK above 0 of 3.
SNDK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,317.5 | 29% below |
| 20 week MA | $1,465.4 | 36% below |
| 50 week MA | $1,119.6 | 16% below |
SNDK is in a downtrend: it's below all three of its weekly moving averages, and 16% below its 50-week average.
QLYS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $84.6 | $120.4 | +42% |
| 2021 | $120.4 | $139.4 | +16% |
| 2022 | $139.4 | $111.3 | -20% |
| 2023 | $111.3 | $196.3 | +76% |
| 2024 | $196.3 | $139.8 | -29% |
| 2025 | $139.8 | $138.3 | -1.1% |
| 2026 YTD | $138.3 | $173.1 | +25% |
QLYS has finished lower in three of the last six years. It's up 25% so far in 2026.
SNDK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $50.4 | $250.1 | +396% |
| 2026 YTD | $250.1 | $937.5 | +275% |
SNDK has the edge over QLYS on returns for 2026, with the stronger performance.