Palo Alto Networks Inc, FireEye Inc Move On Piper Jaffray Research Note

Shares of Palo Alto Networks Inc PANW and FireEye Inc FEYE both moved sharply in response to a research note issued by Piper Jaffray on Friday.

The firm rated both companies Overweight with a $110 price target for Palo Alto Networks and a $40 price target for FireEye.

The note concluded that both companies were taking a dominant lead in the datacenter technologies field.

Palo Alto Networks appeared to be the greater beneficiary of the news with shares surging approximately 8 percent in early trading, while FireEye fell 4 percent.

The report explained that "Next-generation security vendors are clearly capturing a larger share of the incremental spend created by the near-daily flow of new breaches. In order to help investors determine which vendors are best positioned in the sector, we conducted a survey of 39 resellers and based on the results, we continue to believe PANW and FEYE are clearly outperforming the group."