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Palo Alto Networks (PANW) prices its 6.2M-share IPO at $42, above a prior range of $38-$40. The...
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Thursday, July 19, 2012, 6:08 PM ETPalo Alto Networks (PANW) prices its 6.2M-share IPO at $42, above a prior range of $38-$40. The price translates into a valuation of $2.8B. Palo Alto, a leading vendor of next-generation firewalls, posted sales of $179.5M (+129% Y/Y) in the 9 months ending April 30, and net income of $5.4M. The company is seen as a threat to Check Point (CHKP), Juniper (JNPR), and other traditional firewall vendors. Juniper sued Palo Alto last December. (previous)
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