Imperva Inc. Gets Downgraded to “Perform” at Oppenheimer and Box Ships Prices 5 Million Units at $2.05 a Unit
Imperva Inc. (NYSE: IMPV) was downgraded from "outperform" to “perform” at the firm Oppenheimer. The firm also removed their $65 price target after the company released its Q1 warning. "Our downgrade is driven by negative Q1 pre-announced, driven mainly by U.S. weakness," Oppenheimer analyst Shaul Eyal said. "Increased competition for greater $100 thousand deals, our belief the fixing period this time could exceed a quarter and elevated execution risk as Imperva is also in the midst of integrating two companies acquired in Q4'13," were all factors that led to the ratings downgrade, the analyst said.
Imperva, Inc. develops, markets, sells, services, and supports data center security solutions that protect high value applications and data assets in physical and virtual data centers. The company operates in two segments, Imperva and Incapsula. Its SecureSphere platform provides database, file, and Web application security in various data centers, including on-premise data centers, as well as private, public, and hybrid cloud computing environments. The company also offers cloud-based services, such as Web application firewall (WAF), content delivery optimization, distributed denial of service (DDoS) attack prevention, and load balancing services.
Get more information on Imperva Inc. free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/IMPV
TrendingWallStreet.com wants to help everyday people gain awareness about some of the hottest penny stocks trading in the stock market today. TrendingWallStreet.com releases momentum alerts on companies that you may have never heard about or thought about looking at. Take a few minutes to register with us at http://www.trendingwallstreet.com/ to get full access to our free stock reports.
Box Ships Inc. (NYSE: TEU) announced it will offer the 5 million units, consisting of common shares and warrants at $2.05 a unit. Each unit consists of a common share and a warrant to purchase 0.4 common shares. The warrants have an exercise price of $2.65, can be exercised immediately, and expire on April 10, 2019. The company plans to use the proceeds from the offering for general corporate purposes, which may include debt repayment and the purchase of vessels.
Box Ships Inc., a shipping company, is engaged in the seaborne transportation of containers worldwide. As of December 31, 2013, it had a fleet of 9 containerships with a total capacity of approximately 43,925 twenty-foot equivalent units. The company was founded in 2010 and is based in Voula, Greece.
Get more information on Box Ships Inc. free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/TEU
Disclosure: TrendingWallStreet.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please read our report and visit our website, for complete risks and disclosures.
Tags: