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Fly News Breaks for May 6, 2016
IMPV
May 6, 2016 | 08:45 EDT
After Imperva reported in-line revenue and higher than expected EPS but its Q2 revenue guidance came in below expectations, JMP Securities says the miss was caused by weak pipeline in EMEA and weakness in the company's WAF product. JMP thinks the changes in the company's EMEA sales leadership and its channel programs will address the issues that caused the weakness. It remains upbeat on the company's fundamentals and keeps an Outperform rating on the shares but cut its price target on the shares to $57 from $66.
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