Fly News Breaks for May 20, 2019
OKTA, ZS, PANW
May 20, 2019 | 08:59 EDT
Piper Jaffray analyst Andrew Nowinski conducted an end-of-quarter security reseller survey, collecting feedback from 20 global resellers/distributors. Trends for Palo Alto Networks (PANW) "remained strong," Nowinski tells investors in a research note. He points out that nearly half of all resellers said the move to the cloud is a positive growth driver for Palo Alto. While most trends were positive, approximately 24% of resellers said Palo Alto has created some channel conflict with its go-to-market strategy, adds Nowinski. The analyst also collected feedback on Zscaler (ZS) and Okta (OKTA), "both of which were positive, with no resellers below plan."
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