Gigamon, Inc. (GIMO): Notes From Management Meetings - William Blair

September 14, 2016 6:37 AM EDT
Get Alerts GIMO Hot Sheet
Price: $50.45 +4.02%

Rating Summary:
    7 Buy, 6 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 28 | Down: 20 | New: 17
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William Blair analyst, Jason Adler, reiterated his Outperform rating on shares of Gigamon (NYSE: GIMO) after hosting investor meetings with Chief Executive Officer Paul Hooper on Tuesday. Key Points Include:

- two-thirds of the company’s deals are emanating from security departments (especially good momentum in federal), and increasing recognition within the security ecosystem

-AWS visibility product could serve as a material medium- to long-term catalyst for the business, with the ramp-up beginning in the second half of 2017

- quarterly visibility remains high with a guidance methodology that focuses on backlog build at quarter-end, roughly 85%-90% of revenue each quarter coming from the installed base, and a very high repeat purchase multiple of 102 times on the initial purchase among Gigamon’s top 25 customers (as of the second quarter)

-the market is finally starting to gain belief in the need for a pervasive network visibility solution

The analyst also stated that the tone of business "Gigamon’s business momentum feels strong and unyielding".

The analyst does not currently have a price target.

For an analyst ratings summary and ratings history on Gigamon click here. For more ratings news on Gigamon click here.

Shares of Gigamon closed at $45.12 yesterday.



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