DA Davidson Upgrades Gigamon (GIMO) to Buy
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Gigamon Reports First Quarter 2015 Financial Results
April 23, 2015 4:06 PM EDTSANTA CLARA, Calif., April 23, 2015 /PRNewswire/ -- Gigamon® Inc. (NYSE: GIMO), the leader in traffic visibility solutions with the innovative Unified Visibility Fabric, today released financial results for the first quarter ended March 28, 2015.
First Quarter 2015 Financial Highlights:
Revenue of $46.9 million, up 48% year-over-year. GAAP gross margin was 76% compared to 73% in the first quarter of fiscal 2014. Non-GAAP gross margin was 77%, compared to 75% in the first quarter of fiscal 2014. GAAP net loss was $0.7... More