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%.
Jul. 9, 2014, 12:47 PM
Jul. 9, 2014, 9:09 AM
Jul. 8, 2014, 5:36 PM
Jul. 8, 2014, 5:26 PM
- Gigamon (GIMO) expects Q2 revenue of $34.5M-$35M, below prior guidance of $38M-$42M and a $40.2M consensus.
- CEO Paul Hooper: "We experienced challenges with closing the deals in our pipeline during the later stages of the quarter, as we continued to see longer review and approval cycles." Gigamon offered a similar explanation following its Q1 warning.
- The network visibility hardware vendor promises to take steps to improve sales execution. 84 new customers were added in Q2 vs. 70 in Q1.
- Shares are making fresh post-IPO lows. Full Q2 results arrive on July 24.
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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