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Fly News Breaks for July 11, 2016
IMPV
Jul 11, 2016 | 07:21 EDT
After Reuters reported that Imperva could hire an investment bank to explore options including a sale of the company, RBC Capital says that both financial and strategic investors could be interested in the company. The firm says that consensus 2H16 revenue estimates for the company could be too high, but it believes that activist interest in the name may have created a floor for the shares. RBC thinks the company could be acquired for up to $78 per share, but it keeps a $55 price target and Outperform rating on the stock.
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