Key Developments: Palo Alto Networks Inc (PANW.N)
52.11USD
23 May 2013
$-0.10 (-0.19%)
$52.21
$51.50
$52.78
$51.50
77,161
152,843
$72.54
$47.00
Latest Key Developments (Source: Significant Developments)
Palo Alto Networks Inc Issues Q3 2013 Guidance In Line With Analysts' Estimates-Conference Call
Palo Alto Networks Inc announced that for third quarter of 2013, it expects revenue to be in the range of $100-$104 million which equates to 52% to 58% year-over-year growth and non-GAAP EPS to be approximately $0.05 per share. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $102 million and EPS of $0.05 for the third quarter of 2013. Full Article
Palo Alto Networks Inc Issues Q2 2013 Guidance In Line With Analysts' Estimates-Conference Call
Palo Alto Networks Inc announced that for the second quarter of 2013, it expects revenue growth to accelerate on a year-over-year basis and be in the range of $90 million to $94 million and non-GAAP EPS to be approximately $0.04 per share. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $91 million and EPS of $0.04 for the second quarter of 2013. Full Article
Palo Alto Networks Inc Prices Secondary Public Offering
Palo Alto Networks Inc announced the pricing of 4,800,000 shares of its common stock at $63.00 per share in a secondary offering. All of the shares will be sold by existing stockholders. In addition, the underwriters have a 30-day option to purchase up to 720,000 additional shares of common stock from certain of the selling stockholders. As part of the offering, all selling stockholders have entered into lock-up agreements that will extend the initial public offering lock-up period until 135 days after this offering. Palo Alto Networks will not receive any proceeds from the sale of the shares in this offering. The primary purposes of the offering are to facilitate an orderly distribution of shares and to increase the Company's public float. Morgan Stanley & Co. LLC, Goldman, Sachs & Co. and Citigroup Global Markets Inc. are acting as lead joint book-running managers for the offering, and Credit Suisse Securities (USA) LLC, Barclays Capital Inc., UBS Securities LLC and Raymond James & Associates, Inc. are acting as book-running managers for the offering. Full Article
Raymond James Financial Selects Palo Alto Networks Inc Firewalls
Palo Alto Networks Inc announced that Raymond James Financial, Inc. has selected Palo Alto Networks for its legacy firewall migration. Raymond James Financial will use The Palo Alto Networks firewalls as part of its overall network protection – including its global client assets while achieving an unprecedented level of visibility into its network traffic based on internal and external applications and users. Full Article
Palo Alto Networks Inc Boosts IPO Terms To $38-$40 A Share-DJ
Dow Jones reported that Palo Alto Networks Inc. Tuesday boosted the price range on its Initial Public Offering (IPO) , an indication that investor demand for the deal is running high. The Company, which is scheduled to begin trading Friday on the New York Stock Exchange under the symbol PANW, is now aiming to price its IPO between $38 and $40 a share. The Company, which had originally set its range at $34 to $37, hasn't changed the number of shares in the offering, keeping it at 6.2 million. Full Article
Palo Alto Networks Inc Sees 6.2 Million-Share IPO Pricing At $34-$37 Each-DJ
Dow Jones reported that Palo Alto Networks Inc expects its Initial Public Offering (IPO) of 6.2 million common shares to price between $34 and $37 a share. Palo Alto plans to sell roughly 4.69 million shares to help fund general corporate purposes, including working capital, sales and marketing activities, product development and possible acquisitions. Shareholders are selling the remaining stock. Palo Alto intends to list on the New York Stock Exchange under the symbol PANW. Full Article
Palo Alto Networks Inc Files For $175 Million Initial Public Offering-MarketLine
MarketLine (a Datamonitor Company), Financial Deals Tracker reported that Palo Alto Networks Inc , has filed a registration statement with the US Securities and Exchange Commission (SEC) for a proposed Initial Public Offering (IPO) of common stock to raise maximum aggregate proceeds of $175 million. Palo Alto Networks also granted the underwriters the right to purchase an additional shares of common stock to cover over-allotments. Morgan Stanley & Co. LLC, Goldman, Sachs & Co., and Citigroup Global Markets, Inc. are acting as book runners, while Credit Suisse Securities (USA) LLC, Barclays Capital, Inc., UBS Securities LLC and Raymond James & Associates, Inc. are acting as underwriters to the offering. Wilson Sonsini Goodrich & Rosati, P.C. is acting as advisor to Palo Alto Networks on certain legal matters. Palo Alto Networks intends to use the proceeds to increase its capitalization and financial flexibility, and remaining for general corporate purposes, including working capital. Full Article
Palo Alto Networks results beats Street, 3rd quarter goal in line
- Security software maker Palo Alto Networks reported second-quarter revenue and earnings per share that beat expectations amid strong demand for products that offer protection from cyberattacks.
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