The analyst firm set a price target of $39 for the company. Analyst Shaul Eyal cited mid-quarter checks that Imperva is tracking ahead of its guidance and "a growing threat landscape" that can help Imperva's Data Base Security suite as reasons for the upgrade.
"IMPV's better than expected 2Q results and increased guidance have signaled a rapid and improved dealing with internal execution issues as well as being able to more effectively compete with larger players," Eyal wrote. "Our checks indicated a more focused and disciplined channel approach."
Separately, TheStreet Ratings team rates IMPERVA INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate IMPERVA INC (IMPV) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."
Highlights from the analysis by TheStreet Ratings Team goes as follows: