Seeking Alpha

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.
Comments (1)
  • Ta0
    , contributor
    Comments (468) | 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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