Zacks: Analysts Anticipate Imperva Inc (IMPV) Will Post Quarterly Sales of $82.29 Million
Wall Street analysts predict that Imperva Inc (NYSE:IMPV) will announce sales of $82.29 million for the current quarter, according to Zacks. Seven analysts have made estimates for Imperva’s earnings, with estimates ranging from $82.01 million to $82.98 million. Imperva reported sales of $68.41 million during the same quarter last year, which would suggest a positive year over year growth rate of 20.3%. The firm is scheduled to announce its next quarterly earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that Imperva will report full year sales of $82.29 million for the current fiscal year, with estimates ranging from $320.90 million to $322.76 million. For the next year, analysts forecast that the company will report sales of $379.23 million per share, with estimates ranging from $369.00 million to $386.30 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Imperva.
Imperva (NYSE:IMPV) last issued its quarterly earnings results on Thursday, July 27th. The software maker reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.15). Imperva had a negative return on equity of 5.00% and a negative net margin of 4.69%. The business had revenue of $74.44 million during the quarter, compared to the consensus estimate of $74.30 million. During the same quarter last year, the firm posted ($0.23) earnings per share. Imperva’s revenue was up 28.6% compared to the same quarter last year.
Several equities analysts recently issued reports on IMPV shares. Evercore ISI set a $56.00 price target on Imperva and gave the company a “buy” rating in a report on Thursday, August 10th. BidaskClub lowered Imperva from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Monness Crespi & Hardt raised their price target on Imperva from $55.00 to $57.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Piper Jaffray Companies set a $58.00 price target on Imperva and gave the stock a “buy” rating in a research report on Monday, August 28th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $47.00 target price on shares of Imperva in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $52.78.
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In related news, Director Anthony J. Bettencourt sold 99,598 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $43.59, for a total transaction of $4,341,476.82. Following the sale, the director now owns 99,598 shares in the company, valued at approximately $4,341,476.82. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.20% of the company’s stock.
Several institutional investors have recently made changes to their positions in IMPV. Wells Fargo & Company MN boosted its holdings in Imperva by 33.2% in the first quarter. Wells Fargo & Company MN now owns 102,511 shares of the software maker’s stock worth $4,208,000 after acquiring an additional 25,530 shares in the last quarter. US Bancorp DE boosted its holdings in Imperva by 142.3% in the first quarter. US Bancorp DE now owns 5,386 shares of the software maker’s stock worth $221,000 after acquiring an additional 3,163 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Imperva by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 125,398 shares of the software maker’s stock worth $5,148,000 after acquiring an additional 2,295 shares in the last quarter. Comerica Bank bought a new position in Imperva in the first quarter worth approximately $850,000. Finally, UBS Asset Management Americas Inc. boosted its holdings in Imperva by 107.3% in the first quarter. UBS Asset Management Americas Inc. now owns 13,889 shares of the software maker’s stock worth $570,000 after acquiring an additional 7,189 shares in the last quarter. Institutional investors own 92.72% of the company’s stock.
Shares of Imperva (NYSE:IMPV) opened at 43.75 on Thursday. The company’s market capitalization is $1.48 billion. Imperva has a 12 month low of $34.40 and a 12 month high of $57.24. The firm has a 50-day moving average of $44.11 and a 200 day moving average of $45.69.
Imperva Company Profile
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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