* Palo Alto Networks initiated with a Outperform at Northland Capital; tgt $95 -- they believe Palo Alto's leadership in next generation firewalls will drive further share gains and allow expansion into adjacent markets
* FireEye initiated with a Market Perform at Northland Capital; tgt $37 -- Despite a robust growth outlook, FireEye's distance from profitability, lack of a firewall and high multiple keep them on the sidelines
*Fortinet initiated with a Outperform at Northland Capital; tgt $30 -- they expect the investments Fortinet made in its sales force during 2013 to drive share gains and margin leverage through 2015