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Fly News Breaks for January 27, 2016
IMPV
Jan 27, 2016 | 07:47 EDT
RBC Capital expects Imperva (IMPV) to report slightly higher than expected Q4 results, as it thinks the company benefited from a high number of large deals and increasing subscription revenues last quarter. RBC says that Imperva's 2016 guidance is "effectively de-risked," since the company already provided it. Additionally, the firm's checks on the company were positive, and it expects Imperva to continue to sign deals with former IBM customers. RBC keeps an $85 price target and Outperform rating on Imperva.
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