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Why Qualys Stock Fell 14% in August

Why Qualys Stock Fell 14% in August

The stock of Qualys (NASDAQ: QLYS) trailed a booming market in August. Shares dipped 14% compared to the S&P 500's 7% increase, according to data provided by S&P Global Market Intelligence. Investors weren't thrilled with the tech company's fiscal second-quarter earnings report that on Aug. 10 showed a 13% sales increase and major improvements to its profitability.