Juniper settles Palo Alto suit for $175M

|About: Palo Alto Networks (PANW)|By:, SA News Editor

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%.