Seeking Alpha

Juniper settles Palo Alto suit for $175M

  • Palo Alto Networks (PANW) will pay Juniper (JNPR) $75M in cash and $100M in stock/warrants to end a long-running infringement dispute related to IP developed by Palo Alto's founders while working at Juniper-acquired NetScreen.
  • The announcement comes in tandem with Palo Alto's FQ3 results, and two months after a mistrial was declared in Juniper's Delaware suit against Palo Alto.
  • PANW +7.5% AH. JNPR +1.3%.
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