Evercore ISI Group Initiates Coverage on Imperva Inc to Hold

Evercore ISI Group Initiates Coverage on Imperva Inc(NYSE:IMPV). The shares have been rated Hold. The rating by Evercore ISI Group was issued on Jul 14, 2016.

In a different note, On Jul 12, 2016, Deutsche Bank said it Downgrades its rating on Imperva Inc. The shares have been rated ‘Hold’ by the firm. On May 6, 2016, Needham said it Downgrades its rating on Imperva Inc. The shares have been rated ‘Hold’ by the firm. On Apr 21, 2016, Morgan Stanley said it Downgrades its rating on Imperva Inc. The shares have been rated ‘Underweight’ by the firm.

Imperva Inc (IMPV) shares turned negative on Mondays trading session with the shares closing down -0.18 points or -0.39% at a volume of 3,86,513. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $46.45. The peak price level was also seen at $46.45 while the days lowest was $45.6899. Finally the shares closed at $46.1. The 52-week high of the shares is $77.99 while the 52-week low is $31.11. According to the latest information available, the market cap of the company is $1,487 M.

Imperva Inc(IMPV) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $59.77M. Analysts had an estimated revenue of $59.62M. Earnings per share were $-0.25. Analysts had estimated an EPS of $-0.28.

Several Insider Transactions has been reported to the SEC. On Jun 23, 2016, Shlomo Kramer (10% owner) sold 75,000 shares at $45.08 per share price.Also, On Jun 1, 2016, Terrence J. Schmid (Chief Financial Officer) sold 5,000 shares at $37.66 per share price.On May 26, 2016, Anthony J Bettencourt (Chairman, President and CEO) sold 50,000 shares at $36.15 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.

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