Imperva (IMPV) Stock Plunges in After-Hours Trading on Q2 Sales Warning

Imperva (IMPV) stock is tumbling in after-hours trading after warning that second-quarter revenues will likely fall short of estimates.
By Rachel Graf ,

NEW YORK (TheStreet) -- Shares of Imperva (IMPV) - Get Report are tumbling 11.15% to $42.77 in after-hours trading on Monday after cautioning that 2016 second-quarter revenues will likely miss analysts' estimates. 

The cyber-security company now expects revenue to range between $57.5 million and $58 million, down from its previous projections between $65.5 million and $66.5 million.

Imperva now anticipates a per-share loss between 20 cents and 22 cents vs. its past estimate for a loss between 2 cents and 4 cents per share.

Analysts surveyed by Thomson Reuters are looking for a loss of 4 cents per share on $66.06 million in revenue. 

"We are disappointed with our second quarter financial results, which were primarily impacted by extended sales cycles across most geographies and verticals predominantly relating to larger deals," CEO Anthony Bettencourt said in a statement.

Separately, TheStreet Ratings team rates the stock as a "sell" with a ratings score of D.

Imperva's weaknesses include its unimpressive growth in net income, weak operating cash flow and generally disappointing historical performance in the stock itself.

You can view the full analysis from the report here: IMPV

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author. 

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