Qualys (QLYS): Interesting Player in the Cybersecurity Space

Key Rationale:
Significantly undervalued tech company with uncorrelated returns that's been on my watchlist.

Company Profile:
Qualys is a cloud security and compliance solutions provider that helps businesses identify and manage their security risks and compliance requirements. The California-based company has more than 10,000 customers worldwide, the majority of which are small- and medium-size businesses. Qualys was founded in 1999 and went public in 2012.

Competitors:
SPSC, PANW, CRWD, FTNT

Risks:
The industry moves at a rapid pace. Small cap middle market player may be competing against larger Cybersecurity players. Long-term restraints.