Palo Alto Networks Surges Up 31% After IPO

Palo Alto Networks Logo

The IPO is not the only one that is going well today.  Palo Networks has opened up their IPO trading by surging 31% from their already boosted range of trading.  Palo Alto Networks, a network security systems company, started trading at $55.15 on Friday and has climbed up to $56.40.  The offering price was at $42 as of late Thursday, which was above their expected range of between $38-$40.  The initial range was set at $34-$37 per share.  Palo Alto Networks is trading on the New York Stock Exchange under the symbol PANW.  They sold around 6.2 million shares.

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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