Needham & Company Starts Imperva (IMPV) at Buy

Needham & Company initiates coverage on Imperva (NYSE: IMPV) with a Buy rating.

Analyst Scott Zeller comments, "We are initiating coverage of Imperva, a leading provider of data center security solutions. Imperva's main offerings, Web Application Firewall and Database Security, are near the top of IT spending priorities as companies are increasingly faced with the threat of "network attacks" as we have seen with Target, Home Depot, Chase Bank and others. After a weak start to CY14, IMPV has beat and raised in JuneQ and SeptQ, and has brought in a new CEO and head of WW Sales. We believe Imperva's security solutions for on-premise and Cloud will grow between 20-25% in CY15. "

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 $41.81 yesterday.

You May Also Be Interested In

• Lake Street Capital Markets Starts Research Solutions Inc. (RSSS) at Buy
• HSBC Starts Auna SA (AUNA) at Buy, 'Just what the doctor prescribed'
• FirstEnergy Corp. (FE) PT Raised to $35 at BofA Securities