CyberArk Software (CYBR) and Imperva (IMPV) Added To Evercore ISI SMID Core Ideas List

Analyst Ken Talanian adds CyberArk Software (NASDAQ: CYBR) and Imperva (NASDAQ: IMPV) to the firms' SMID Core Idea List. He removes FireEye (NASDAQ: FEYE) and Proofpoint (NASDAQ: PFPT).

He comments that CYBR offers a best in class privileged account security that he believes are becoming a more strategic option for organizations' security architecture.

As for IMPV he says the company is a market leader in WAF which is an important area of securities as companies increase use of public-facing web applications and DDoS attacks continue to becomes more prevalent and easier to carry out.

Talanian comments "We believe the forthcoming General Data Protection Regulation (GDPR) in Europe, which is a regulation intended by the European Parliament, the European Commission, and the Council of the European Union to strengthen data security for EU residents, may serve as a catalyst for cyber-security growth in the next year as companies work to enhance their cyber-security posture. We do not believe that the GDPR is prescriptive in its requirements when compared to other compliance regimes such as PCI-DSS which typically have some specific check boxes. While the May 2018 deadline for compliance is less than a year away, companies have had several years to prepare for this. Nevertheless, based on our conversations with industry participants we believe that a significant proportion of companies have not sufficiently prepared and are beginning these efforts now."

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