Fri, Apr. 24, 12:45 PM
Thu, Apr. 23, 6:06 PM
- Gigamon (NYSE:GIMO) has guided on its Q1 CC for Q2 revenue of $48M-$51M and EPS of $0.11-$0.15, soundly above a consensus of $45.1M and $0.06.
- The network visibility/monitoring hardware vendor has surged to $26.80 AH, taking out a 52-week high of $24.12 along the way. William Blair's pre-earnings upgrade is looking good.
- Q1 results, PR
Thu, Apr. 23, 5:39 PM
Fri, Apr. 10, 9:27 AM
- Gigamon (NYSE:GIMO) has risen to $21.92 premarket on an upgrade to Outperform from William Blair. The 52-week high is $22.21.
- William Blair's call comes a month after Barclays upgraded to Overweight, and ahead of the network monitoring hardware vendor's April 23 Q1 report. Gigamon soared in January after soundly beating Q4 estimates and offering strong Q1 guidance.
Mon, Mar. 9, 9:52 AM
- Barclays has downgraded F5 (NASDAQ:FFIV) to Underweight, albeit while keeping its $114 target intact. Gigamon (NYSE:GIMO) has been upgraded to Overweight, with its target hiked by $5 to $26.
- The F5 downgrade follows a January plunge caused by a revenue miss and soft guidance. Wedbush offered a more positive take on the ADC/security hardware vendor last week, praising its diversification efforts, valuation, and ongoing mix shift towards software and software-based services. Software revenue rose 44% Y/Y in calendar Q4 (compares with 14% total revenue growth).
Thu, Feb. 12, 2:22 PM
- A slew of enterprise IT names are outperforming after Cisco beat estimates and respectively reported 10%, 8%, and 7% Y/Y growth in enterprise, SMB, and public sector orders. The Nasdaq overall is up 1%.
- Cisco reported particularly strong figures for enterprise-focused business lines: Switching revenue rose 11%, wireless (Wi-Fi-dominated) 18%, collaboration 10%, and data center (UCS servers) 40%. Service provider demand (orders -1%) remained soft.
- Enterprise standouts include EMC (EMC +2.5%), VMware (VMW +2.3%), SAP (SAP +3.1%), Salesforce.com (CRM +3.8%), NetSuite (N +2.6%), Teradata (TDC +4.6%), Splunk (SPLK +2.5%), Varonis (VRNS +3.9%), Gigamon (GIMO +2.8%), and NetScout (NTCT +2.7%).
- EMC's gains comes in spite of rival NetApp's FQ3 miss and soft FQ4 guidance; share loss to EMC, which has been seeing healthy mid-range and scale-out NAS storage growth, could be partly to blame. VMware is adding to the Wednesday gains seen following a Bernstein upgrade.
- Earlier: Telecom/networking stocks rally thanks to Cisco
Fri, Jan. 30, 10:36 AM
- Gigamon (NYSE:GIMO) guided on its Q4 CC (transcript) for Q1 revenue of $40M-$43M and EPS of $0.01-$0.05, well above a consensus of $35.5M and -$0.03.
- The network visibility hardware vendor saw a 16% Y/Y Q4 increase in product revenue to $36.8M, and a 27% increase in services revenue to $14.5M. Enterprises accounted for 73% of revenue, service providers 14%, and federal 13%.
- Notably, enterprise bookings rose 68% Y/Y, and federal bookings 261%. Service providers bookings were up 17%. Customer count rose by 94 to 1,649, and the deferred service revenue balance rose by $11M Q/Q to $51.7M.
- The mid-range GigaVUE-HC2 appliance was a strong seller, with HC2 product family bookings doubling Q/Q. H-Series GigaSMART software licenses also saw strong growth.
- Q4 results, PR
Thu, Jan. 29, 5:35 PM
Dec. 15, 2014, 12:52 PM| Comment!
Oct. 24, 2014, 12:48 PM
Oct. 24, 2014, 9:54 AM
- In addition to easily topping Q3 estimates, Gigamon (NYSE:GIMO) guided on its CC (transcript) for Q4 revenue of $41M-$44M, above a $39.4M consensus. With shares down 59% YTD going into earnings thanks to multiple warnings, that's going over pretty well.
- BofA/Merrill has upgraded the network visibility hardware vendor to Neutral, and hiked its target by $5 to $16. It's pleased with strong demand for the recently-launched/high-end GigaVUE-HC2, as well as the company's recent sales leadership change.
- Nearly 15% of the float was shorted as of Sep. 30.
Oct. 24, 2014, 9:15 AM
Oct. 23, 2014, 5:42 PM
Oct. 23, 2014, 4:09 PM
Sep. 22, 2014, 5:35 PM
Sep. 22, 2014, 1:45 PM
- High-beta tech stocks are selling off hard as the Nasdaq registers a 1.3% decline. The selling is broad-based, with Internet, solar, and enterprise tech stocks all well-represented among the ranks of major decliners.
- Major Internet decliners: BIDU -4.7%. ANGI -7%. YELP -5.9%. AWAY -5.1%. CHGG -5.9%. GRUB -5.8%. P -5.2%. Z -4.6%. TRLA -4.8%. ATHM -7.9%. BITA -7%. DANG -5.9%. WB -5.3%.
- Solar: FSLR -4.5%. SCTY -7.5%. SPWR -4.5%. DQ -7.6%. JKS -5.5%. ASTI -6.3%. ENPH -5.5%. CSIQ -4.8%.
- Enterprise: WDAY -5.4%. GIMO -6.7%. VMEM -7.7%. IMPV -4.8%. MKTO -4.9%. SPRT -5.1%. CSOD -5.5%.
- Others: HIMX -4.6%. SIGM -5.6%. WATT -9.7%. CYNI -5.3%. ADNC -5.7%. PXLW -5%. SWIR -5.8%. MITK -6%. OCLR -6%.
GIMO vs. ETF Alternatives
Gigamon Inc develops a solution that delivers visibility of traffic across networks. Its solution,Unified Visibility Fabric, consists of a distributed system of nodes that enables level of visibility, modification and control of network traffic.
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