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Fly News Breaks for February 4, 2016
IMPV
Feb 4, 2016 | 07:44 EDT
After Imperva reported stronger than expected results but the stock fell 12% in after-market trading, Oppenheimer blames the decline on the company's guidance for higher spending. The firm thinks the company has plenty of room to grow and views its full-year revenue guidance as potentially conservative. It trimmed its price target on the name to $70 from $80 but keeps an Outperform rating on the shares.
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