NAKHON SI THAMMARAT, THAILAND – 2020/03/23: Workers unload fish from a trawler in a Khanom port. … [+]
The World Wildlife Fund (WWF) has launched an app that aims to help food supply chains become more transparent.
The transparenC app (available for both Android and iOS devices) and web portal is the world’s first open-source traceability software for any kind of food supply chain.
It can be used anywhere by farmers, buyers and retailers without paying licensing fees to ensure transparency and accountability across all stages of food production.
The app has been co-developed with Republic Systems.
The WWF’s global network lead for aquaculture, Aaron McNevin told Forbes the genesis for the app was the issues faced by shrimp farmers in Thailand, who could not get the source of the fish meal they were using to meet certification requirements.
McNevin said the seafood supply chains are particularly complicated because of the number of small owners involved, who make traceability more difficult and therefore increase the risks involved for retailers who purchase their products.
“We wanted to really break the cost barrier for electronic traceability systems,” he told Forbes. “And we’ve been trying to work with those retailers that truly do want to know what their supply chains look like, that want to dig in and get the information, and then have a greater understanding of any risks involved.
He added the app works by creating a series of nodes for all the people or companies involved in the supply chain. Each user is required to upload either documents or pictures to the various nodes, which administrators at the top of the chain can check and verify.
“Because we’re dealing so far upstream in the supply chain, we’re not necessarily asking for grandiose documentation,” he explains. “What we’re trying to do is connect all the actors in the process.
“For the farmers, there’s typically only one or two requirements that just require them to take a picture of one document or another, then they get greenlit and they can pass that on to the person that’s buying from them.
“The person who is buying from them then has to reconfirm the information by tagging, and that just follows down the supply chain. The buyers don’t need all of the information, but they need to have access to all of the information that is available.
“So, when it gets to the point of export, a supply chain tree is populated. You can see the whole tree and if you need to dig deeper, you can dig in each one of those nodes.”
The app has already been tested with seafood supply chains in Vietnam, Thailand and India and palm oil producers in Honduras, but McNevin said it will work for any food supply chain, like dairy or beef.
He said the added transparency the app will bring will also help “decouple” habitat conversion from food production that is occurring all over the world.
“Traceability in complex supply chains, especially in the developing world, will not be solved with high-tech solutions,” he added.
“Instead, by focusing on cost-effective tools that help organize and link supply chain actors together, we’ll begin to achieve traceability results that deliver big impact. That’s why we developed transparenC – to break down barriers to advancing traceability and make it accessible to all.”
The founder of Republic Systems, Robert Hughes said they became involved with the project because the “need for mobile technology for first-mile actors fits well with our capabilities and we believe sustainability is a moral imperative”.
Hughes added: “By building the apps with open source libraries and creating a unique user experience for imaging, offline, and trace map, transparenC allows for users on vessels/farms to build complex traces using simple apps with no license fees. We are excited to continue with World Wildlife Fund in bringing this important tech to suppliers who strive for true sustainability.”
Home – Press Releases – Back Office Outsourcing in Financial Services Market Impact and Recovery Analysis|Accenture, Infosys, TCS
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Qualys (NASDAQ:QLYS – Get Rating) had its target price cut by stock analysts at Royal Bank of Canada from $148.00 to $140.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “sector perform” rating on the software maker’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 24.20% from the company’s previous close.
Several other equities research analysts have also issued reports on QLYS. Northland Securities increased their target price on shares of Qualys from $138.00 to $142.00 in a report on Tuesday, August 9th. Robert W. Baird restated a “neutral” rating and issued a $142.00 target price on shares of Qualys in a report on Wednesday, October 19th. DA Davidson increased their price target on Qualys to $135.00 in a report on Monday, August 15th. StockNews.com initiated coverage on Qualys in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Morgan Stanley upped their target price on Qualys from $113.00 to $123.00 and gave the stock an “underweight” rating in a report on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $149.92.
Qualys Price Performance
Shares of QLYS traded down $21.10 during midday trading on Thursday, hitting $112.72. 46,788 shares of the company traded hands, compared to its average volume of 391,407. The stock has a 50-day moving average of $143.83 and a 200-day moving average of $135.67. The firm has a market cap of $4.32 billion, a P/E ratio of 43.92 and a beta of 0.62. Qualys has a one year low of $108.10 and a one year high of $162.36.
Qualys (NASDAQ:QLYS – Get Rating) last announced its quarterly earnings results on Monday, August 8th. The software maker reported $0.67 EPS for the quarter, beating the consensus estimate of $0.51 by $0.16. The firm had revenue of $119.89 million during the quarter, compared to the consensus estimate of $117.52 million. Qualys had a net margin of 22.68% and a return on equity of 24.17%. The business’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same period last year, the firm earned $0.53 EPS. Sell-side analysts forecast that Qualys will post 2.46 EPS for the current fiscal year.
Insider Buying and Selling
In other Qualys news, insider Bruce K. Posey sold 6,286 shares of Qualys stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $151.86, for a total transaction of $954,591.96. Following the sale, the insider now directly owns 53,468 shares of the company’s stock, valued at $8,119,650.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CRO Allan Peters sold 2,711 shares of Qualys stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $143.33, for a total transaction of $388,567.63. Following the transaction, the executive now owns 24,622 shares in the company, valued at approximately $3,529,071.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bruce K. Posey sold 6,286 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $151.86, for a total value of $954,591.96. Following the completion of the sale, the insider now owns 53,468 shares in the company, valued at approximately $8,119,650.48. The disclosure for this sale can be found here. In the last three months, insiders sold 35,092 shares of company stock valued at $5,157,672. Company insiders own 1.40% of the company’s stock.
Hedge Funds Weigh In On Qualys
Several large investors have recently modified their holdings of QLYS. Pinnacle Financial Partners Inc. bought a new position in Qualys in the 3rd quarter valued at about $25,000. Hoey Investments Inc. bought a new stake in shares of Qualys during the second quarter worth about $38,000. Wipfli Financial Advisors LLC purchased a new position in shares of Qualys during the third quarter valued at approximately $57,000. Castle Wealth Management LLC bought a new stake in shares of Qualys in the 2nd quarter worth $102,000. Finally, Van ECK Associates Corp increased its stake in Qualys by 16.0% in the 1st quarter. Van ECK Associates Corp now owns 843 shares of the software maker’s stock valued at $120,000 after buying an additional 116 shares during the last quarter. 90.60% of the stock is owned by institutional investors.
About Qualys
(Get Rating)
Qualys, Inc provides cloud-based information technology (IT), security, and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Vulnerability Management; Vulnerability Management, Detection and Response; Threat Protection; Continuous Monitoring; Patch Management; Multi-Vector Endpoint Detection and Response; Certificate Assessment; SaaS Detection and Response; Secure Enterprise Mobility; Policy Compliance; Security Configuration Assessment; PCI Compliance; File Integrity Monitoring; Security Assessment Questionnaire; Out of-Band Configuration Assessment; Web Application Scanning; Web Application Firewall; Global Asset Inventory; Cybersecurity Asset Management; Certificate Inventory; Cloud Inventory; Cloud Security Assessment; and Container Security.
Read More
- Get a free copy of the StockNews.com research report on Qualys (QLYS)
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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