Seeking Alpha

Palo Alto spikes as jury deliberates on Juniper suit

  • Jury deliberations are continuing for Juniper's (JNPR -0.6%) huge patent infringement suit against Palo Alto Networks (PANW +4.6%). Palo Alto shares have spiked higher on hopes of a favorable outcome.
  • Juniper has alleged Palo Alto's next-gen firewalls (taking share from Juniper, Cisco, and others) infringe on IP developed by Palo Alto's founders when they were working at NetScreen (acquired by Juniper in 2004).
  • Palo Alto shares jumped in early February after the court handling the suit denied a Juniper infringement motion, and granted two Palo Alto motions for summary judgment.
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