Gigamon's (GIMO) IPO doesn't disappoint. Shares opened at $23.08 and and have since rallied to...

|By:, SA News Editor

Gigamon's (GIMO) IPO doesn't disappoint. Shares opened at $23.08 and and have since rallied to $24.93, good for a 31.2% gain and a valuation of $734M (7.6x 2012 sales) . The maker of network monitoring/analysis switches (Gigamon's products interact with traditional monitoring/security appliances) posted Q1 revenue of $25.8M (+55% Y/Y), and a net loss of $1.2M. Its deferred revenue balance totaled $35.2M. (earlier) (S-1) (IPO preview)