Analysts Expect Imperva Inc (IMPV) Will Announce Quarterly Sales of $91.18 Million

Equities research analysts forecast that Imperva Inc (NASDAQ:IMPV) will report $91.18 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Imperva’s earnings, with estimates ranging from $90.48 million to $92.00 million. Imperva reported sales of $78.40 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 16.3%. The business is expected to announce its next earnings results on Wednesday, February 14th.

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 anticipate that the business will report sales of $377.16 million per share, with estimates ranging from $369.00 million to $383.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Imperva.

Imperva (NASDAQ:IMPV) last announced its earnings results on Wednesday, November 8th. The software maker reported $0.33 EPS for the quarter, topping the consensus estimate of $0.22 by $0.11. The firm had revenue of $83.89 million for the quarter, compared to the consensus estimate of $83.79 million. Imperva had a net margin of 3.04% and a negative return on equity of 8.52%. The business’s quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.08 EPS.

IMPV has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Imperva from a “hold” rating to a “strong-buy” rating and set a $50.00 price target on the stock in a research report on Tuesday, October 24th. BidaskClub lowered shares of Imperva from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Morgan Stanley restated an “underweight” rating and issued a $39.00 price target on shares of Imperva in a research report on Thursday, November 9th. Wells Fargo & Co lowered shares of Imperva from an “outperform” rating to a “market perform” rating in a research report on Monday, October 9th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $47.00 target price (down from $50.00) on shares of Imperva in a research report on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Imperva currently has a consensus rating of “Hold” and a consensus price target of $51.86.

Imperva (NASDAQ:IMPV) traded down $0.20 during midday trading on Friday, reaching $42.40. 84,709 shares of the company’s stock traded hands, compared to its average volume of 246,163. The firm has a market cap of $1,440.00, a price-to-earnings ratio of 157.04 and a beta of 1.78. Imperva has a 52 week low of $37.17 and a 52 week high of $52.40.

A number of large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its stake in shares of Imperva by 1,235.5% during the second quarter. Russell Investments Group Ltd. now owns 9,188 shares of the software maker’s stock worth $440,000 after buying an additional 8,500 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Imperva by 10.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 131,762 shares of the software maker’s stock worth $6,305,000 after buying an additional 12,287 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Imperva by 9.8% during the second quarter. Rhumbline Advisers now owns 37,916 shares of the software maker’s stock worth $1,814,000 after buying an additional 3,387 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Imperva by 8.5% during the second quarter. Bank of New York Mellon Corp now owns 136,025 shares of the software maker’s stock worth $6,509,000 after buying an additional 10,627 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in Imperva by 27.2% during the second quarter. Legal & General Group Plc now owns 13,545 shares of the software maker’s stock valued at $649,000 after purchasing an additional 2,894 shares during the period. Hedge funds and other institutional investors own 96.93% of the company’s stock.

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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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