Palo Alto wins round in suit

Investor's Business Daily

Network security products maker Palo Alto Networks' (PANW) stock jumped almost 12% to a 16-month high after it said U.S. District Court for the District of Delaware rejected Juniper Networks' (JNPR) motion for summary judgment of patent infringement claims, and granted in part several Palo Alto Networks' motions that it hadn't infringed. Palo Alto also said it received favorable decisions on some claim constructions. Juniper filed suit in Dec. '11. A trial is set for Feb. 24. Juniper shares rose 0.9%.

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