Imperva Inc (IMPV) Expected to Post Quarterly Sales of $91.18 Million
Analysts expect Imperva Inc (NASDAQ:IMPV) to post $91.18 million in sales for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Imperva’s earnings. The lowest sales estimate is $90.48 million and the highest is $92.00 million. Imperva posted sales of $78.40 million during the same quarter last year, which would indicate a positive year over year growth rate of 16.3%. The business is expected to announce its next earnings results after the market closes on Thursday, February 8th.
On average, analysts expect that Imperva will report full-year sales of $91.18 million for the current fiscal year, with estimates ranging from $321.00 million to $322.64 million. For the next year, analysts expect that the firm will post sales of $376.91 million per share, with estimates ranging from $372.00 million to $383.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Imperva.
Several research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Imperva from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research lowered shares of Imperva from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. JPMorgan Chase & Co. lowered shares of Imperva from a “neutral” rating to an “underweight” rating and set a $45.00 price objective on the stock. in a research note on Tuesday, December 12th. Morgan Stanley restated an “underweight” rating and set a $39.00 price objective on shares of Imperva in a research note on Thursday, November 9th. Finally, Oppenheimer restated a “buy” rating and set a $55.00 price objective on shares of Imperva in a research note on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $51.86.
Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Imperva by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,439,240 shares of the software maker’s stock worth $116,718,000 after buying an additional 99,799 shares during the period. BlackRock Inc. boosted its holdings in Imperva by 11.3% in the 2nd quarter. BlackRock Inc. now owns 2,124,043 shares of the software maker’s stock valued at $101,635,000 after purchasing an additional 215,170 shares during the period. Eagle Asset Management Inc. boosted its holdings in Imperva by 1.2% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,294,651 shares of the software maker’s stock valued at $55,928,000 after purchasing an additional 14,803 shares during the period. Alyeska Investment Group L.P. boosted its holdings in Imperva by 89.3% in the 3rd quarter. Alyeska Investment Group L.P. now owns 907,615 shares of the software maker’s stock valued at $39,390,000 after purchasing an additional 428,163 shares during the period. Finally, Emerald Advisers Inc. PA boosted its holdings in Imperva by 15.8% in the 3rd quarter. Emerald Advisers Inc. PA now owns 657,005 shares of the software maker’s stock valued at $28,514,000 after purchasing an additional 89,463 shares during the period. 96.61% of the stock is owned by institutional investors and hedge funds.
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Imperva, Inc provides cyber-security solutions that protect business-critical data and applications whether in the cloud or on premises. The Company is engaged in the development, marketing, sales, service and support of cyber-security solutions. The Company’s products include its Imperva SecureSphere Paltform, Imperva CounterBreach and Imperva Camouflage for enterprise data centers, and Imperva Incapsula offering for cloud-based security services.
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