Palo Alto soars on favorable rulings in Juniper suit

The court presiding over Juniper's (JNPR +0.9%) closely-watched infringement suit against Palo Alto Networks (PANW +7.1%) has denied a Juniper motion for infringement, and granted Palo Alto motions for summary judgment of no infringement for two Juniper patents.

Infringement claims for other Juniper patents will go to trial. Juniper has asserted Palo Alto's next-gen firewalls (taking firewall share from Juniper and others) infringe a slew of Juniper patents developed by Palo Alto's founders when they were working for Juniper-acquired NetScreen.

Palo Alto shares rallied in November after a hearing for the Juniper suit largely went in its favor.

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Comments (1)
  • Ta0
    , contributor
    Comments (493) | Send Message
    I have been saying for awhile now that PANW is way undervalued. If you take a look under the hood and understood their technology, you'd understand why they're undervalued.
    6 Feb 2014, 02:57 PM Reply Like
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