Friday, July 20, 2012

Palo Alto Networks' Pricey IPO

Palo Alto Networks (PANW) went public on Friday trading above the IPO price of $42. The company originally filed for a range of $34 to $37. See S-1 here. The initial trade was above $55 for a 30% gain.

Palo Alto Networks pioneered the next generation of network security with an innovative platform that allows enterprises and service providers to secure their network and safely enable the increasingly complex and rapidly growing number of applications running on their networks. According to Gartner the company has done a good job of marrying enterprise firewall and intrusion prevention system technologies into a single, tightly integrated solution.

Read the full article at Seeking Alpha.



Disclosure: Long CSCO. Please review the disclaimer page for more details.




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