Palo Alto Networks (NYSE: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 (NASDAQ:CHKP), Juniper (NYSE:JNPR), and other traditional firewall vendors. Juniper sued Palo Alto last December. (previous)
Palo Alto Networks (NYSE:PANW) prices its 6.2M-share IPO at $42, above a prior range of $38-$40....
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Symbol | Last Price | % Chg |
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PANW | - | - |
Palo Alto Networks, Inc. |