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Palo Alto Networks (PANW -3.6%) slides after receiving 3 bullish and 3 neutral ratings on...

Palo Alto Networks (PANW -3.6%) slides after receiving 3 bullish and 3 neutral ratings on underwriter coverage day. Goldman is among the bulls, praising the ability of Palo Alto's next-gen firewalls to disrupt a $10B security hardware market by consolidating several products into a single, differentiated box. Morgan Stanley is more guarded due to a high valuation (estimated 11x 2013 EV/sales).
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