Nomura Securities Starts Imperva (IMPV) at Buy

Nomura Securities initiates coverage on Imperva (NYSE: IMPV) with a Buy rating and a price target of $52.00.

Analyst Fredrick Grieb said, "We are initiating coverage of Imperva with a Buy rating and $52 target price, with a positive view of the company’s positioning within the security software space (specifically focused on data security). After a significant revenue miss in 1Q’14 (which we believe was due to miss execution and not an issue with product competitiveness), Imperva brought in a new management team that is looking to improve execution by upgrading and expanding the company’s sales force as well as looking to push Imperva into more C-level conversations. We expect this improved execution, coupled with easy compares from 2014, to drive accelerated growth in 2015 and above-consensus revenue performance."

For an analyst ratings summary and ratings history on Imperva click here. For more ratings news on Imperva click here.

Shares of Imperva closed at $45.14 yesterday.

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