Imperva Inc (IMPV) is Downgraded by Pacific Crest to Sector Weight

Imperva Inc (IMPV) was Downgraded by Pacific Crest to ” Sector Weight”. Earlier the firm had a rating of “Overweight ” on the company shares. Pacific Crest advised their investors in a research report released on Aug 30, 2016.

Many Wall Street Analysts have commented on Imperva Inc. Shares were Reiterated by Imperial Capital on Aug 8, 2016 to “Outperform” and Lowered the Price Target to $ 50 from a previous price target of $55 .Needham Upgraded Imperva Inc on Aug 5, 2016 to ” Buy”, Price Target of the shares are set at $64.Wunderlich Downgraded Imperva Inc on Aug 5, 2016 to ” Hold”, Price Target of the shares are set at $50.

On the company’s financial health, Imperva Inc reported $-0.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.21. The company had revenue of $57.87 million for the quarter, 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.

Imperva Inc closed down -0.04 points or -0.09% at $46.64 with 2,37,498 shares getting traded on Monday. Post opening the session at $46.73, the shares hit an intraday low of $46.19 and an intraday high of $46.94 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Aug 16, 2016, Mark E. Kraynak (SVP & GM of Enterprise Bus.) sold 2,614 shares at $47.73 per share price. According to the SEC, on Aug 16, 2016, Amichai Shulman (Chief Technology Officer) sold 3,085 shares at $46.87 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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