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Fly News Breaks for August 28, 2017
IMPV
Aug 28, 2017 | 05:56 EDT
After spending time with management, Piper Jaffray analyst Andrew Nowinski says the issues that impacted Imperva's Q2 results, mostly compensation plans for various sales teams, have been resolved. The analyst adds, however, that it may take two quarters before the changes impact the financials. Imperva still has competitive advantages in a large and growing market opportunity, which should support 20% growth, Nowinski tells investors in a research note. He reiterates an Overweight rating on the shares with a $58 price target.
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