Palo Alto Networks (PANW) prices its 6.2M-share IPO at $42, above a prior range of $38-$40. The...


Palo Alto Networks (PANW) prices its 6.2M-share IPO at $42, above a prior range of $38-$40. The price translates into a valuation of $2.8B. Palo Alto, a leading vendor of next-generation firewalls, posted sales of $179.5M (+129% Y/Y) in the 9 months ending April 30, and net income of $5.4M. The company is seen as a threat to Check Point (CHKP), Juniper (JNPR), and other traditional firewall vendors. Juniper sued Palo Alto last December. (previous)

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Comments (2)
  • Whitehawk
    , contributor
    Comments (3121) | Send Message
     
    Small number of IPO shares, hence the higher price. Price action in trading will be telling.
    19 Jul 2012, 06:25 PM Reply Like
  • Kanalizakanky
    , contributor
    Comment (1) | Send Message
     
    Do I have to hold the PANW shares for a few days or can i buy and sell the same day? I am kinda new at all this.
    20 Jul 2012, 10:19 AM Reply Like
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