Imperva Trading 13.8% Higher Following Strong Earnings (IMPV)
Imperva (NASDAQ:IMPV)’s share price traded up 13.8% during mid-day trading on Friday following a better than expected earnings announcement, AnalystRatings.NET reports. The company traded as high as $27.05 and last traded at $25.24, with a volume of 1,497,997 shares trading hands. The stock had previously closed at $22.17.
The company reported ($0.25) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.41) by $0.16. The company had revenue of $38.40 million for the quarter, compared to the consensus estimate of $34.41 million. During the same quarter in the prior year, the company posted ($0.10) earnings per share. The company’s quarterly revenue was up 22.7% on a year-over-year basis.
A number of research firms have recently commented on IMPV. Analysts at RBC Capital cut their price target on shares of Imperva from $50.00 to $33.00 in a research note on Wednesday, May 7th. They now have an “outperform” rating on the stock. Analysts at Imperial Capital cut their price target on shares of Imperva from $40.00 to $34.00 in a research note on Monday, May 5th. They now have an “outperform” rating on the stock. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $40.83.
The stock has a 50-day moving average of $23.13 and a 200-day moving average of $38.11. The company’s market cap is $663.0 million.
Imperva, Inc (NASDAQ:IMPV) is engaged in providing data security solutions focused on providing visibility and control over business data across systems within the data center.
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