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PANW-Yesterday, Palo Alto sold $1.5 billion of convertible debentures. The money wasn’t quite free-it certainly cost a bit more than many other recent IT offerings with a coupon rate of 0.75% coupled with a premium of just 27%. As these issues have gone thus far this year, the coupon is higher and the premium is…

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Summary Z-Scaler is a relatively new IPO in the cyber-security space. Its valuation looks extreme-until one considers the disruptive nature of its technology. The company has developed a proprietary paradigm, protected by 100 patents and applications, that can replace the traditional network security architecture of firewall and VPN. The company is seeing rapid adoption of…

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