FBR Capital notes positive field checks in security software; believes FTNT, PFPT and IMPV could potentially be acquisition candidates
FBR Capital says their field checks heading into 2H14 have been positive around overall security software spending as evidence from the field indicates a pickup in deal activity in 2Q on the heels of what we would characterize as a strong March quarter. Their checks indicate security leaders such as PANW, FEYE and CHKP are benefiting front and center with the "right products at the right time." Also, firm says that as an overdue security upgrade cycle and massive cybersecurity initiatives are adding a sense of urgency for large enterprises to upgrade their threat protection, they think security names such as FTNT, PFPT and IMPV could potentially be acquisition candidates for a larger technology player to snap up.