$IMPV HAS BEEN BLOWN TO SMITHEREENS

The bubble basket is back. You might brush away this earnings collapse as something inconsequential, a small footnote in a thick book of Wall Street stories. But, if you recall the tech collapse of 2014, one that utterly menaced yours truly, it all started with IMPV blowing the fuck up.

Well, don’t look now, but IMPV just blew the fuck up, off by 18% after offering truly horrid guidance.

Imperva beats by $0.03, reports revs in-line; guides Q2 EPS in-line, revs below consensus; guides FY16 EPS above consensus, revs in-line (45.47 +0.20)
5/5/2016, 4:38:43 PM ET

Reports Q1 (Mar) loss of $0.25 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of ($0.28); revenues rose 33.5% year/year to $59.8 mln vs the $59.57 mln Capital IQ Consensus.

Co issues guidance for Q2, sees EPS of ($0.04) – ($0.02) vs. ($0.04) Capital IQ Consensus Estimate; sees Q2 revs of $65.5-66.5 mln vs. $70.21 mln Capital IQ Consensus Estimate. The company expects in the second quarter of 2016 non-GAAP gross margins of approximately 80%.
Co issues raised guidance for FY16, sees EPS of $0.23-0.29 from $0.17-0.23 vs. $0.21 Capital IQ Consensus Estimate; sees FY16 revs of $304-307 mln from $302-307 mln vs. $305.31 mln Capital IQ Consensus Estimate.