BofA/Merrill Lynch Downgrades Gigamon (GIMO) to Neutral
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February 2, 2017 4:15 PM EST
SANTA CLARA, Calif., Feb. 2, 2017 /PRNewswire/ -- Gigamon Inc. (NYSE: GIMO), the industry leader in traffic visibility solutions, today announced the appointment of Dario Zamarian to its board of directors.
"Dario's extensive industry knowledge and his broad executive experience in security and networking technology will help us deliver long term value for our customers and shareholders," said Corey Mulloy, chairman of the Gigamon Board of Directors. "Dario joins our board at a time when the security market is undergoing... More
February 2, 2017 4:15 PM EST
SANTA CLARA, Calif., Feb. 2, 2017 /PRNewswire/ -- Gigamon Inc. (NYSE: GIMO), the leader in traffic visibility solutions, today released financial results for the fourth quarter and fiscal year ended December 31, 2016.
Fourth Quarter 2016 Financial Highlights:
Revenue of $85.0 million, up 27% year-over-year.
GAAP gross margin was 84%, compared to 82% in the fourth quarter of fiscal 2015.Â
Non-GAAP gross margin was 84%, compared to 83% in the fourth quarter of fiscal 2015.
GAAP net income was $6.4 million, or $0.17 per diluted...
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