Report
Ilya Kundozerov
EUR 101.80 For Business Accounts Only

Imperva Delivers Solid Year-End Results and Guides for a Strong 2017; Raising FVE to $36

Imperva finished off 2016 on a positive note, beating our expectations and consensus in its seasonally strong quarter. On-premises web application firewall, or WAF, sales came in stronger than expected, even though this segment remains in a secular decline, while the company’s cloud Incapsula business continues to grow at a rapid clip. Imperva announced an agreement to sell its SkyFence subsidiary to ForcePoint for $40 million, shy of the $60 million that the company paid for SkyFence in 2014. A...
Underlying
Imperva Inc.

Imperva is engaged in the development, marketing, sales, service and support of cyber-security solutions that protect data and applications whether in the cloud or on premises. The company's SecureSphere, CounterBreach and Camouflage product lines secure business-critical applications and data in physical and virtual data centers from hackers and malicious insiders. The company's Payment Card Industry certified Incapsula service delivers cloud-based Website Security, Distributed Denial of Service Protection and Load Balancing and Failover. The company also sells its ThreatRadar services as an add-on services to its SecureSphere appliances, which provides reputation and crowdsourced security intelligence services.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Ilya Kundozerov

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