Imperva Rebounds From Weak Second Quarter, Announces Cost Cutting; Shares Remain Overvalued
Imperva’s third-quarter results were slightly ahead of our expectations, as strong growth from its Incapsula business overshadowed continuing weakness in on-premises web application firewall, or WAF, sales. The firm also announced a restructuring plan to remove $15 million from its annual cost structure. The company’s board of directors finished a strategic alternatives review initiated by activist investor Elliot Management and concluded that the company is not for sale. The key takeaway from t...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.
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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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