In a discussion on stage at TechCrunch Disrupt in San Francisco today, Sequoia Capital’s Jim Goetz said it is shocking that more startups are not focused on the enterprise.
It’s the notion of reinventing the IT stack that holds such opportunity, Goetz said. And it’s an opportunity for everyone in the Disrupt audience. Companies like Salesforce.com have helped pave the way with SaaS models that… → Read More
Today, security company Palo Alto Networks reported its first earnings since becoming a public company in July. Revenue for the fourth quarter grew 88 percent year-over-year to $75.6 million, compared with $40.2 million in the fiscal fourth quarter of 2011. The company saw a GAAP net loss for the fiscal fourth quarter of $4.6 million, or $0.18 per basic and diluted share, compared with a net loss… → Read More
Palo Alto Networks shares climbed 26% in its first day of trading today on the New York Stock Exchange. Shares closed at $53, up from its $42 offering price.The company offered 6.3 million shares in trading.
The price of the share were originally offered at range of $34 to $37. It was increased to a range of $38 to $40 earlier in the week. → Read More
Happy IPO Friday! Two tech startups are making their public debuts today: Palo Alto Networks and Kayak Software, and so far, so good on both. Morgan Stanley, scapegoat for the troubled Facebook IPO brouhaha, is leading both, for what it’s worth. Kayak priced its IPO last night at $26 per share, and is looking to raise $91 million at a valuation of $1 billion. Originally, the travel company was … → Read More
At the end of August, mobile TV and video platform MobiTV filed its S-1 and announced its plans for a $75 million initial public offering. Founded in 1999, the company had been one of the early movers in the movement to bring live and on-demand TV to mobile devices, which led to partnerships with NBC, ESPN, Disney, CBS, and a bunch of other sizable media companies. The company closed over $100… → Read More
Palo Alto Networks, a security software company, has filed its S-1 for a public offering, aiming to raise as much as $175 million. The company was rumored to be in the process of filing earlier this year.
Founded by Nir Zuk, the company develops enterprise-grade firewalls for companies that give visibility and granular policy control of applications and content, through hardware and software… → Read More