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TMCNet:  INVESTOR ALERT: Class Action Lawsuit Against Imperva, Inc. Announced by Law Offices of Howard G. Smith

[April 11, 2014]

INVESTOR ALERT: Class Action Lawsuit Against Imperva, Inc. Announced by Law Offices of Howard G. Smith

BENSALEM, Pa. --(Business Wire)--

Law Offices of Howard G. Smith announces that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of all purchasers of the securities of Imperva, Inc. ("Imperva" or the "Company") (NYSE:IMPV) between May 2, 2013 and April 9, 2014, inclusive (the "Class Period").

Imperva develops, markets, sells, services and supports data center security solutions for protection of high-value applications and data assets in physical and virtual data centers. The Complaint alleges that throughout the Class Period defendants issued materially false and misleading statements concerning Imperva's business, opeations and financial performance, and failed to disclose the adverse effect of competitive products on the Company's financial performance and prospects.


On April 9, 2014, Imperva announced its preliminary first quarter 2014 financial results, including preliminary total revenue and earnings per share below the Company's prior guidance. According to the Company, Imperva's first quarter results were affected by "extended sales cycles on deals over $100,000," resulting from "a combination of intensifying competition for large orders, which resulted in additional review and approval cycles, as well as sales execution challenges in the U.S." Following this news, Imperva's stock price dropped $21.73 per share on April 10, 2014, a one-day decline of nearly 44%, on heavy trading volume.

If you purchased Imperva securities during the Class Period, you have 60 days from April 11, 2014, to move the Court to serve as lead plaintiff, if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.


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