It's not uncommon at all for tech
IPOs to
selloff, sometimes sharply, once the hoopla of the IPO fades -
Facebook (Nasdaq:
FB) being perhaps the best recent example. While
Palo Alto Networks (NYSE:
PANW)
debuted to much fanfare, the shares have been carving out new 52-week
lows on worries about the macro IT environment and fading stock
momentum. Palo Alto is still a long distance from value, but these
shares are a lot more interesting today than just one quarter ago.
To read more, please follow this link:
http://www.investopedia.com/stock-analysis/2012/Palo-Alto-Post-IPO-Slide-Is-Getting-Interesting-PANW-CSCO-VMW-CHKP1210.aspx
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