Imperva -33.4% AH on Q1 warning; security stocks off in sympathy

Imperva (IMPV) expects Q1 revenue of $31M-$31.5M, below prior guidance of $36M-$37M and a $36.7M consensus. EPS is expected to come in at -$0.40 to -$0.44 vs. prior guidance of -$0.33 to -$0.37 and a -$0.35 consensus.

The security software vendor blames "extended sales cycles on deals over $100,000," especially in the U.S. "Intensified competition for large orders" and sales execution issues contributed to the lengthy sales cycles.

Q1 results are due on May 1.

Off in sympathy: FEYE -3.5% AH. PANW -1.2%. KEYW -1.8%.

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Comments (2)
  • Sirvasq
    , contributor
    Comments (331) | Send Message
    Gee. less than 1,000 shares $panw traded. LOL
    9 Apr 2014, 04:24 PM Reply Like
  • wil3714
    , contributor
    Comments (2370) | Send Message
    Seems like they are losing share vs overall industry, especially will SSL coding issue
    9 Apr 2014, 07:05 PM Reply Like
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