Qualys, Inc. (NASDAQ:QLYS) shares closed more than 9% higher on Thursday following the company’s Q3 results, with EPS coming in at $0.86, beating the consensus estimate of $0.79.

Two consecutive quarters of strong current billings growth gives management the confidence to increase top-line guidance by more than the beat. Expectations were also increased for the bottom-line in 2021. Analysts at Berenberg are encouraged by the company’s expanding platform opportunity and believe plans to step up investments may drive future growth. However, they reiterate their Hold rating until they see further signs that management is executing on its strategy.