Palo Alto Networks Earnings Beat; Settles Patent Suit

By | May 28, 2014

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Security firm Palo Alto Networks posted fiscal Q3 earnings late Wednesday that exceeded expectations, as did its Q4 outlook, sending shares rising 10% after hours. The company also announced that it had settled its three-year patent dispute with Juniper Networks (JNPR) and ended all litigation. Palo Alto Networks (PANW) ended the quarter with more than 17,000 customers, up from 16,000 in fiscal Q2 and marking its highest customer-acquisition rate Scalper1 News

Scalper1 News