Research Desk Line-up: NetSol Technologies Post Earnings Coverage
LONDON, UK / ACCESSWIRE / October 12, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Imperva, Inc. (NASDAQ: IMPV), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=IMPV. The Company announced on October 10, 2017, the expansion of its network and investment in second-generation DDoS attack mitigation technology. Imperva noted that the investment will allow faster performance for internet users and that it has introduced a 10-second DDoS mitigation service level agreement (SLA) to minimize business disruption in the event of a DDoS attack. For immediate access to our complimentary reports, including today's coverage, register for free now at:
Discover more of our free reports coverage from other companies within the Application Software industry. Pro-TD has currently selected NetSol Technologies, Inc. (NASDAQ: NTWK) for due-diligence and potential coverage as the Company reported on September 27, 2017, its financial results for Q4 FY17 and full year 2017 which ended on June 30, 2017. Tune in to our site to register for a free membership, and be among the early birds that get our report on NetSol Technologies when we publish it.
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Importance of the Expansion
Imperva noted that the network expansion is driven by subscriber growth along with a change in DDoS attack type, size, and frequency. Research by the Company's security team has shown a change in DDoS attack patterns, with a significant increase in high packet rate attacks (DDoS assaults) where the packet forwarding rate escalated to approximately 50 million packets per second (pps). In Q3 2017, Imperva observed 197 high packet rate attacks among clients, more than half of which were greater than 100 million pps. Of these, 11 were more than 200 million pps with the largest hitting 238 million pps for more than 3.5 hours.
New PoPs, Increased Transit Capacity, and Peering
Imperva noted that it has expanded its Incapsula data center footprint with the addition of Points of Presence (PoPs) in Delhi, Dubai, Moscow, Mumbai, Taipei, and Vancouver. The Company has planned six more centers to be online by the end of 2017 in Bangkok, Istanbul, Jakarta, Johannesburg, Mexico City, and Seoul. Imperva stated that the addition of these new PoPs will speed up the internet experience for local users.
Imperva noted that its network bandwidth has been expanded to 4.7 terabits per second (Tbps) through a relationship with Level 3 Communications that adds an additional 1.8 Tbps across 20 strategically located data centers. An additional 2 Tbps of transit capacity is expected to be added by the end of 2017. Imperva has also expanded direct peering relationships including one with Comcast Corp.
New Scrubbing Technology
The Incapsula global network now includes the Behemoth 2, Imperva's second-generation DDoS mitigation device that provides DDoS scrubbing capability of 650 million pps and 440 gigabits per second per device. The Behemoth 2 devices are linked via the Incapsula mesh network to form a virtual DDoS scrubbing center which is capable of mitigating large-scale attacks. With the addition of the new PoPs and Behemoth 2, the Incapsula global network has a total DDoS packet scrubbing capacity of 65 billion pps.
The Company stated that the additional PoP locations, expanded capacity, and Behemoth 2 allow Incapsula to offer a new 10-second DDoS mitigation SLA.
Interim CFO Appointment
On October 09, 2017, Imperva announced that is has appointed Aaron Kuan, its current Vice President of Financial Planning and Analysis, as interim Chief Financial Officer (CFO), effective November 16, 2017. Kuan will replace Terry Schmid, who resigned as CFO to pursue other interests on October 03, 2017. Schmid will remain with the Company through November 15, 2017. The Company has retained Heidrick & Struggles, a leading executive search firm, to assist in recruiting a permanent CFO.
Upcoming Earnings Results
Imperva announced that it will report financial results for the third quarter ended September 30, 2017, after the close of the market on November 08, 2017.
Last Close Stock Review
Imperva's share price finished yesterday's trading session at $43.25, slightly up 0.70%. A total volume of 289.67 thousand shares have exchanged hands. The Company's stock price advanced 2.98% in the past six months. Additionally, the stock surged 12.63% since the start of the year. The stock currently has a market cap of $1.44 billion.
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SOURCE: Pro-Trader Daily