A market leader
According to Forrester Research, Imperva’s (IMPV) Incapsula DDoS (distributed denial of service) Protection has been rated a leader among evaluated service providers. Reacting to this news, Marc Gaffan, general manager of Imperva, stated, “Incapsula DDoS Protection has won numerous awards and we believe this recognition in the 2015 Forrester Wave DDoS Services Providers is another reflection of the comprehensiveness and effectiveness of our offering.”
Incapsula DDoS protection looks to combine “a robust network backbone and industry-acclaimed traffic inspection solutions” in order to provide protection against networks as well as application- and protocol-based DDoS attacks. Industry experts believe that based on the strength of Imperva’s DDoS product offering and detection tactics, the company is definitely a market leader in this product segment.
Quarterly revenues continue to rise
Imperva’s quarterly revenues have been rising steadily. The company’s 1Q13 revenues were $28.6 million, increasing to $44.8 million in 1Q15. As you can see in the above graph, Imperva’s revenues have increased on a year-over-year basis but have fallen quarter-over-quarter in 1Q14 and 1Q15.
A growth stock
While Imperva (IMPV) has been giving splendid returns to shareholders, the company is strong fundamentally as well. Imperva’s cash flow growth is an impressive 136.83%, much higher than peer companies as well as the industry average of 8.22%. Its sales/asset ratio, which is an indicator of company growth, is currently 0.81x, also higher than the industry average of 0.70x. Imperva is expected to see a sales growth of 21.31% for fiscal year 2015.
Imperva has gained 182.59% in the TTM (trailing 12-month) period. In comparison, peer companies Fortinet (FTNT), FireEye (FEYE), and Check Point Software Technologies (CHKP) have gained 85.51%, 31.59%, and 18.62% in the same period.