Stock to Watch for 2013: Imperva (IMPV)

							Robert DeFrancesco’s
TechStockProspector.com
December 25, 2012


Stock to Watch for 2013: Imperva (IMPV)
NOW AVAILABLE: The December 2012 issue of Tech-Stock Prospector for your
Amazon Kindle or Kindle for iPad/iPhone reading app.

Here are some of the topics covered in the December 2012 issue:

*8 Disruptor Tech Companies for 2013
*Splunk delivers the growth
*Salesforce still showing disruptor qualities
*A look at Eloqua & ExactTarget
*The Aruba Networks battle against Cisco heats up
*Akamai inks CDN alliance with AT&T
*Cisco wants more software revenue
*Is Acme Packet poised for a rebound?
*Why Palo Alto Networks is winning market share
*Infoblox surprises to the upside
*Valuing fast-growing Workday in the SaaS segment
*Analysts weigh in on Riverbed’s OPNET purchase
*Fortinet shares regroup following pullback
*Fusion-IO positioned for growth in flash storage
*TSP Deal Report: Sourcefire

Order the December 2012 issue here:
http://www.amzn.com/B004T6Z0ME

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Imperva (IMPV)
Recent price: $32.32
52-week high/low: $42.41/$24.02
Market cap: $777.1 million

It’s interesting that Imperva (IMPV, $32.32) shares are down 7% this year despite
estimated 2012 top-line growth of 30.6%.

The provider of datacenter security solutions will still lose money for the year, but
will have cut its losses substantially compared to 2011.
For 2013, analysts expect Imperva to turn profitable, with the consensus EPS
estimate at 26 cents. Revenue next year is expected to be up 24.9% to $127.7
million. The market cap stands at $777 million for a forward price-to-sales ratio of
6.1.

Despite the lackluster share price performance in 2012, Imperva is proving to be a
recent enterprise-focused IPO success. The company went public in November 2011
at $18 a share and the stock opened for trading at $23. The shares are still up 40%
from that opening price and have risen 79.5% from the offering price.

Oppenheimer & Co. last week called Imperva one of its favorite software
infrastructure names for 2013, saying the company is well positioned to benefit
from growth in the overall security market, particularly within the datacenter
security segment. OpCo in early December initiated coverage of Imperva at
‘Outperform’ with a price target of $37.

In Q3, Fidelity was the biggest buyer of Imperva, boosting its position by 181% with
the purchase of 549,582 shares. The mutual-fund company now owns 852,565
shares and is among the top 6 holders.

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Tech-Stock Prospector Managing Editor Rob DeFrancesco has more than 20
years of experience covering the tech sector. He is a former senior writer with
Louis Rukeyser’s Wall Street.

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