Imperva Inc (IMPV) is Downgraded by Morgan Stanley to Underweight

Imperva Inc (IMPV) was Downgraded by Morgan Stanley to ” Underweight”. Earlier the firm had a rating of “Equal-Weight ” on the company shares. Morgan Stanley advised their investors in a research report released on Apr 21, 2016.

Many Wall Street Analysts have commented on Imperva Inc. Shares were Reiterated by Oppenheimer on Feb 4, 2016 to “Outperform” and Lowered the Price Target to $ 70 from a previous price target of $80 .Shares were Reiterated by Topeka Capital Markets on Feb 4, 2016 to “Buy” and Lowered the Price Target to $ 65 from a previous price target of $80 .Shares were Reiterated by Wunderlich on Feb 4, 2016 to “Buy” and Lowered the Price Target to $ 62 from a previous price target of $80 .

On the company’s financial health, Imperva Inc reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Feb 3, 2016. Analyst had a consensus of $0.15. The company had revenue of $72.70 million for the quarter, compared to analysts expectations of $68.14 million. The company’s revenue was up 41.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.04 EPS.

Imperva Inc opened for trading at $47.47 and hit $49.34 on the upside on Monday, eventually ending the session at $49.2, with a gain of 3.43% or 1.63 points. The heightened volatility saw the trading volume jump to 3,46,316 shares. Company has a market cap of $1,590 M.

In a different news, on Apr 4, 2016, Amichai Shulman (Chief Technology Officer) sold 3,938 shares at $50.02 per share price. According to the SEC, on Feb 25, 2016, Terrence J. Schmid (Chief Financial Officer) sold 6,500 shares at $41.82 per share price. On Feb 18, 2016, Mark E. Kraynak (SVP & GM of Enterprise Bus.) sold 2,758 shares at $40.04 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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