$84.16 Million in Sales Expected for Imperva Inc (IMPV) This Quarter

Analysts predict that Imperva Inc (NASDAQ:IMPV) will post $84.16 million in sales for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for Imperva’s earnings, with estimates ranging from $83.50 million to $86.51 million. Imperva posted sales of $72.31 million in the same quarter last year, which suggests a positive year over year growth rate of 16.4%. The firm is expected to report its next quarterly earnings report after the market closes on Thursday, April 26th.

On average, analysts expect that Imperva will report full year sales of $372.18 million for the current financial year, with estimates ranging from $370.60 million to $375.45 million. For the next financial year, analysts anticipate that the business will report sales of $427.34 million per share, with estimates ranging from $422.00 million to $434.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Imperva.

Imperva (NASDAQ:IMPV) last posted its earnings results on Thursday, February 8th. The software maker reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.13. Imperva had a net margin of 7.11% and a negative return on equity of 3.28%. The firm had revenue of $91.10 million during the quarter, compared to analyst estimates of $91.11 million. During the same quarter in the prior year, the business posted $0.32 EPS. The business’s revenue was up 16.2% compared to the same quarter last year.

Several equities analysts recently weighed in on IMPV shares. BidaskClub upgraded shares of Imperva from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research lowered shares of Imperva from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 11th. DA Davidson started coverage on shares of Imperva in a research report on Tuesday, April 10th. They set a “buy” rating and a $56.00 price target for the company. Evercore ISI set a $56.00 price target on shares of Imperva and gave the company a “buy” rating in a research report on Friday, February 9th. Finally, Piper Jaffray upgraded shares of Imperva from a “neutral” rating to an “overweight” rating and set a $52.00 price target for the company in a research report on Friday, February 9th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $53.21.

In other Imperva news, Director Anthony J. Bettencourt sold 66,037 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $46.98, for a total transaction of $3,102,418.26. Following the sale, the director now directly owns 66,037 shares of the company’s stock, valued at $3,102,418.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CRO Michael D. Mooney sold 24,454 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $47.18, for a total transaction of $1,153,739.72. Following the sale, the executive now directly owns 24,454 shares in the company, valued at $1,153,739.72. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. MetLife Investment Advisors LLC purchased a new stake in shares of Imperva in the fourth quarter worth about $625,000. Teachers Advisors LLC lifted its holdings in shares of Imperva by 2.3% in the fourth quarter. Teachers Advisors LLC now owns 61,251 shares of the software maker’s stock worth $2,432,000 after buying an additional 1,381 shares in the last quarter. HBK Investments L P purchased a new stake in shares of Imperva in the fourth quarter worth about $1,171,000. Two Sigma Investments LP lifted its holdings in shares of Imperva by 92.2% in the fourth quarter. Two Sigma Investments LP now owns 308,711 shares of the software maker’s stock worth $12,256,000 after buying an additional 148,077 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in shares of Imperva by 11.8% in the fourth quarter. Two Sigma Advisers LP now owns 355,504 shares of the software maker’s stock worth $14,114,000 after buying an additional 37,400 shares in the last quarter.

NASDAQ IMPV opened at $47.30 on Tuesday. Imperva has a 1 year low of $37.17 and a 1 year high of $52.40. The firm has a market capitalization of $1,621.96, a PE ratio of -168.93, a PEG ratio of 53.26 and a beta of 1.67.

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About Imperva

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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