Market Overview

Judge in Palo Alto, Juniper Case Declares Mistrial

Share:
Related JNPR
Ken Squire Shares His Activist Trades
Morgan Stanley Proves Cybersecurity Is Still An Issue
Tech Sector Lags as EMC, Juniper Sink (Fox Business)

Shares of Palo Alto Networks (NASDAQ: PANW) made a sharp move higher in Friday's afternoon trading session as a federal judge declared a mistrial in the company's case with Juniper Networks (NASDAQ: JNPR).

Jurors involved in the case could not come to a decision; Juniper had filed a suit against Palo Alto related to the alleged infringement of three patents. Sources have not yet reported on any details related to how long the trial will be suspended.

Palo Alto shares spiked about 10 percent as news of the mistrial began hitting the wires. Shares of Juniper have ticked off session lows following the report, but are still down about 0.5 percent to $26.32 at last check.

Posted-In: News Rumors Legal Movers

 

Related Articles (JNPR + PANW)

Around the Web, We're Loving...

Get Benzinga's Newsletters