Piper Jaffray Data Center Survey (FEYE) (FTNT) (PANW) (PFPT) (SYMC)

Piper Jaffray analyst, Andrew Nowinski, performed a data center survey which showed that Discounting Increased in 2Q16 with 43% of resellers citing “above average" discounting in 2Q16, up from 27% in 1Q16, Three were winners and losers broken out as follows:

PANW: Demand Modestly Improved - Palo Alto’s results modestly improved in 2Q16, with 71% of resellers reporting in-line results (net +13% above plan), whereas in 1Q16 only 41% were in line with plan (+11% net).

PFPT: Demand Getting Stronger - Proofpoint’s results modestly improved from 1Q16, with 29% of resellers above plan, up from 18% in the prior quarter.

FTNT: SMB Demand Stronger than Enterprise - Fortinet’s 2Q16 results also modestly improved from 1Q16, where 33% of resellers were above plan (up from just 8% last quarter).

SYMC: Results Mixed - Symantec’s reseller results showed a slight improvement in 2Q16, with 17% of resellers above plan, up from 8% last quarter. However, net results (above plan minus below plan) still remain negative.

FEYE: FireEye’s demand trends remained essentially unchanged in 2Q16. While 56% of resellers were below plan, up from 31% last quarter. However, FireEye is preparing to launch a virtual version of its flagship NX-series in Q3.

For an analyst ratings summary and ratings history on Palo Alto Networks click here. For more ratings news on Palo Alto Networks click here.

No changes to ratings or price targets.

FireEye (NASDAQ: FEYE)

FortiNet (NASDAQ: FTNT)

Palo Alto Networks (NASDAQ: PANW)

Proofpoint (NASDAQ: PFPT)

Symantec (NASDAQ: SYMC)

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