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Fly News Breaks for August 17, 2016
PANW
Aug 17, 2016 | 06:37 EDT
Piper Jaffray analyst Andrew Nowinski says a recent round of channel checks indicate that Palo Alto Networks' demand trends "modestly improved" in its fiscal Q4. Contacts said there are clear indications that the company's demand and pipeline will improve in the back half of 2016, Nowinski tells investors in a research note. The analyst reiterates an Overweight rating on Palo Alto shares with a $167 price target ahead of the company's results on August 30.
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