Imperva Posts Solid Bottom-Line Improvement, But Cites Sales Execution Issues; Raising FVE to $40
Imperva’s top-line performance was largely in line with our expectations, but a strong operating margin expansion was a positive surprise. The company’s management noted sales execution issues that impacted Incapsula SMB and Threat Radar bookings, as well as inefficiencies in the maintenance renewal process. Nonetheless, Imperva remains on track to meet its 2017 revenue target, while upgrading its bottom-line outlook from an adjusted EPS range of $0.42-$0.47 to $0.78-$0.82. With solid growth in ...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.
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.
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