27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
The restructuring initiatives that cybersecurity company Imperva Inc (NASDAQ:IMPV) announced in January could bring more benefits than anticipated, according to KeyBanc Capital Markets.
The Analyst
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Analyst Rob Owens upgraded Imperva from Sector Weight from Overweight with a $65 price target.
The Thesis
Following the completion of restructuring efforts in the first quarter, Imperva continues to enact strategic changes, Owens said in a Monday note. (See the analyst's track record here.)
This will likely improve top-line momentum exiting calendar 2018, as well as an enhanced profitability profile thereafter, the analyst said.
Want Private Access to Benzinga Analyst?
Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.
Imperva suggested on its second-quarter earnings call that it will unveil a new product strategy, Owens said. The strategy would present opportunities for aligning deployment models with the hybrid cloud; expanding market share in data analytics; and improving recognition of Imperva's feature differentiation, according to KeyBanc.
Owens views the company's valuation setup as favorable, as the shares are trade at a meaningful discount to cybersecurity companies with comparable on-premise offerings, he said.
The Price Action
Imperva shares have risen about 25 percent year-to-date.
Related Links:
Cybersecurity Stocks Trade Lower After White House Eliminates Vacant Cyber Coordinator Position
4 Reasons Why Susquehanna Upgraded Palo Alto Networks
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.