UPDATE: Oppenheimer Initiates Imperva at Outperform on Data Security Leading Position

Oppenheimer initiated Imperva

with an Outperform rating and a $37 price target. Oppenheimer noted, "We believe IMPV is well positioned to benefit from this new sub segment of the broader security market, as data center security solutions represent a significant long-term opportunity. Growing network complexity coupled with increased regulation and compliance are driving sustainable growth north of 25%. We believe IMPV deserves to trade at a premium to its peers due to market positioning, revenue drivers and growth profile." Imperva closed at $30.76 on Monday.