Cloud Stocks: Qualys Focuses on SMB Segment for Growth
According to a recent report, the global cloud security market is estimated to grow 14% annually over the next few years to become a $77.5 billion market by 2026. The industry was pegged at $40.8 billion in 2022. Cloud services security provider Qualys (Nasdaq: QLYS) recently announced its fourth quarter results that surpassed market expectations. The company is continuing to invest in product development as it tries to expand its market reach. Qualys's Financials For the fourth quarter of the year, Qualys's revenues grew 19% over the year to $130.8 million, surpassing the market...