Imperva (IMPV) was initiated Monday with a buy rating and price target of 75 by Summit Research analyst Srini Nandury, who expects a secular shift to internal security measures to drive growth. “We believe Imperva has a lot of room to grow, given that it currently only has 3,900 customers worldwide, rendering its sales scope wide open,” Nandury said in a research report Monday. “Even within the supposedly hacking-aware Fortune 1000 enterprises,
Chinese classified ad site 58.com (WUBA) — nicknamed the “Craigslist of China” — will see its mobile services and user base grow thanks to a new partnership with China Internet giant Tencent Holdings (TCEHY), says an analyst report out Monday. “Tencent’s increasing investments in (58.com) highlight (58.com’s) unique value in the China Internet space. Going forward, we believe the Tencent partnership should help 58.com further penetrate into mobile
VMware (VMW) received a downgrade and price target reduction Monday from an analyst who anticipates that the enterprise software company will face growth headwinds in the second half of 2015 and next year. “With the large majority of server workloads (we estimate 70%-plus) penetrated, VMware faces growth challenges, in our view, as it looks to diversify its vSphere-focused top line, despite the increased focus on suite offerings, good uptake of