Imperva Inc (IMPV) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Imperva Inc (IMPV) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $-0.23 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $-0.21. The company posted revenue of $57.87 million in the period, compared to analysts expectations of $57.75 million. The company’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.08 EPS.

Many Wall Street Analysts have commented on Imperva Inc. Shares were Reiterated by RBC Capital Mkts on Jul 12, 2016 to “Outperform” and Lowered the Price Target to $ 49 from a previous price target of $55 .Shares were Downgraded by Deutsche Bank on Jul 12, 2016 to ” Hold” and Lowered the Price Target to $ 43 from a previous price target of $45 .Shares were Reiterated by Imperial Capital on May 18, 2016 to “Outperform” and Lowered the Price Target to $ 55 from a previous price target of $70 .

Imperva Inc closed down -0.43 points or -0.93% at $45.97 with 4,66,260 shares getting traded on Tusday. Post opening the session at $46.35, the shares hit an intraday low of $45.45 and an intraday high of $46.63 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jul 29, 2016, Amichai Shulman (Chief Technology Officer) sold 3,085 shares at $46.28 per share price. According to the SEC, on Jul 27, 2016, Mark E. Kraynak (SVP & GM of Enterprise Bus.) sold 2,967 shares at $46.15 per share price. On Jun 1, 2016, Terrence J. Schmid (Chief Financial Officer) sold 5,000 shares at $37.66 per share price, according to the Form-4 filing with the securities and exchange commission.

Imperva Inc. provides cyber-security solutions that protect business-critical data and applications. The Company’s suite of cyber-security offerings enables organizations to discover data and application assets and vulnerabilities to protect information. Its Imperva SecureSphere platform provides database file and Web application security across various physical and virtual systems in data centers. Its Imperva Incapsula product line provides cloud-based Website security denial of service protection and performance solutions. Its Imperva Skyfence product line provides visibility into and control over cloud and Software-as-a-Service applications including shadow information technology. In addition all of its cloud offerings protect against the threats created as the enterprises shift to deploying their applications and storing their data in the cloud. Its SecureSphere product line secures business-critical applications and data from hackers and malicious insiders.

Imperva Inc

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