Why Imperva Shares Are Up 7%

Imperva IMPV shares are up more than six percent following comments from Sterne Agee about a potential sell out.

Analyst Robert Breza says the new CEO, Anthony Bettencourt, has been successful selling companies in the past. The company could be sold in the $40 to $45 range, following operational improvements, says Breza.

Sterne Agee says Cisco, Juniper, HP and IBM, among others, are potential acquirers of Imperva.

The issue was last trading at $29.35, 6.65 higher on the session.