Equities research analysts at RBC Capital dropped their price objective on shares of Imperva (NASDAQ:IMPV) from $60.00 to $50.00 in a research note issued to investors on Thursday, AnalystRatings.NET reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target would indicate a potential upside of 0.54% from the stock’s previous close. Imperva Inc (NYSE:IMPV) shares after opening at $28.21 moved to $29.10 on last trade day and at the end of the day closed at $2811. Company price to sales ratio in past twelve months was calculated as 5.34 and price to cash ratio as 6.40. Imperva Inc (NYSE:IMPV) showed a negative weekly performance of -44.02%.
The Manufacturer’s Life Insurance Company (Manulife) agreed to give ~ C$50.5 million financial support to Canadian Solar for its Mighty Solar power project. This project expects to be operation by 2Q2014 and will be a part of Concord Green Energy Inc. (Concord). As per Ontario’s Feed-In-Tariff Program, Canadian Solar Inc. (NASDAQ:CSIQ)’s 10 MW power project will supply energy to Ontario Power Authority for 20 years. Canadian Solar Inc. (NASDAQ:CSIQ) shares fell -6.33% in last trading session and ended the day on $24.99. CSIQ return on equity ratio is recorded as 9.60% and its return on assets is 1.30%. Canadian Solar Inc. (NASDAQ:CSIQ) yearly performance is 514.00%.
SunPower Corporation (NASDAQ:SPWR) installed 149 kilowatt solar power system on the rooftop of stores and warehouses of Watershed Premium Wines (Watershed) In Australia. Watershed expects to reduce electricity use by 30% and saves AU$79,000 per year from solar installation. So, cost effective clean energy will make a difference for companies that usually require high energy to operate their business. It improves their profitability by reducing their operating expenses. These will open opportunities for SunPower to supply solar solutions to winemaking companies. SunPower Corporation (NASDAQ:SPWR) shares moved down -5.10% in last trading session and was closed at $26.61, while trading in range of $26.48-$27.92. SunPower Corporation (NASDAQ:SPWR) year to date performance is -10.73%.
Shares of Gigamon Inc (NYSE:GIMO) slipped after the networking-hardware company trimmed revenue expectations for the latest quarter, saying one large transaction from a customer abroad did not materialize. Gigamon Inc (NYSE:GIMO) weekly performance is -33.42%. On last trading day company shares ended up $16.27. Gigamon Inc (NYSE:GIMO) distance from 50-day simple moving average is -47.46%. Analysts mean target price for the company is $38.14.