Imperva Upgraded by Zacks to Outperform (IMPV)

Zacks upgraded shares of Imperva (NASDAQ:IMPV) from a neutral rating to an outperform rating in a research note issued to investors on Thursday. The firm currently has $52.90 price target on the stock.

Shares of Imperva (NASDAQ:IMPV) traded up 0.22% during mid-day trading on Thursday, hitting $49.43. 172,590 shares of the company’s stock traded hands. Imperva has a 52-week low of $18.40 and a 52-week high of $67.12. The stock has a 50-day moving average of $46.27 and a 200-day moving average of $32.76. The company’s market cap is $1.314 billion.

Imperva (NASDAQ:IMPV) last announced its earnings results on Thursday, October 30th. The company reported ($0.10) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.29) by $0.19. The company had revenue of $42.70 million for the quarter, compared to the consensus estimate of $40.00 million. On average, analysts predict that Imperva will post $-0.74 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Oppenheimer raised their price target on shares of Imperva from $40.00 to $55.00 in a research note on Monday, December 22nd. They now have an outperform rating on the stock. Separately, analysts at Deutsche Bank upgraded shares of Imperva from a hold rating to a buy rating in a research note on Wednesday, December 17th. Finally, analysts at Nomura initiated coverage on shares of Imperva in a research note on Thursday, December 4th. They set a buy rating on the stock. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $43.61.

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.

To get a free copy of the research report on Imperva (IMPV), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com

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