Palo Alto Networks Inc., a security software company that’s considering an initial public offering, has hired Mark McLaughlin as chief executive officer, following his resignation from VeriSign Inc. last week.
A surge in high-profile hacker attacks this year is demonstrating the limits of an older generation of security software from Symantec Corp. and McAfee Inc., putting pressure on them to revamp their product lines.
Options traders are the most bearish in seven years on Check Point Software Technologies Ltd. shares as concern deepens that a new competitor will reduce its dominance as the world’s second-largest security networks maker.
Palo Alto Networks Inc., the provider of Internet firewalls that’s planning to go public next week, has attracted more than enough orders to cover its share sale, according to a person with knowledge of the process.
Kayak Software Corp. and Palo Alto Networks Inc. will kick off their Morgan Stanley-led initial public offerings next week, according to people with knowledge of the situation, following ServiceNow Inc.’s successful debut.