Boston, MA, 07/01/2013 (financialstrend) – Recently, the SPAR Austria Group, one of the most popular grocery store chains based in Austria had enhanced the security and protection of its wide range of interconnected networks through the deployment of security platforms that were developed by Palo Alto Networks Inc (NYSE:PANW). This networks technology installed in the groceries chain would now enable them to identify and control their applications with safety at the user level, identify and stop threats in real time and further prevent data leakage from their networks.
The security technology platforms developed by Palo Alto Networks Inc (NYSE:PANW) thus ensure creation of granular, mission relevant security policies which are highly efficient and safe at controlling applications. Shares of Palo Alto Networks Inc (NYSE:PANW) declined by 5 percent to close at $42.16 on Friday. The opening price for the stock was at $43.99 per share and thereafter fluctuated between $41.67 and $44.00 throughout the day. The 52 week low price of Palo Alto Networks Inc (NYSE:PANW) is at $39.08 and 52 week high is at $72.61 per share.
With around 71.10 million shares outstanding in the market, Palo Alto Networks Inc (NYSE:PANW) presently has a market cap of $3.0 billion. The company had witnessed the trade on 2.70 million shares on Friday, which was huge compared to the average trading volume at 1.34 million shares per day. The institutional investors contribute to around 73 percent of the total capital of Palo Alto Networks Inc (NYSE:PANW).
Palo Alto Networks Inc (NYSE:PANW) is primarily engaged in providing a security network platform through which the enterprises, government agencies and service providers are completely ensured of security and protection of their networks. The firewall developed by the company proves to be the core of its platform through which natively integrated content visibility, control, application and usage are delivered to the hardware, software and operating system to ensure security.
