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As Palo Alto Networks prepares for an IPO likely to give it a $2B+ valuation (symbol: PANW), the...

As Palo Alto Networks prepares for an IPO likely to give it a $2B+ valuation (symbol: PANW), the next-generation firewall (NGFW) vendor may want to thank Cisco (CSCO) for scrapping an NGFW project in order to focus on traditional firewalls, which are less adept at handling Web traffic by application. Juniper (JNPR) was also slow to respond, as was firewall leader Check Point (CHKP). Palo Alto is one of several focused upstarts causing headaches for Cisco.
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