Gigamon Reports First Quarter 2017 Financial Results

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Go back to Gigamon Reports First Quarter 2017 Financial Results

Credit Suisse Downgrades Gigamon (GIMO) to Neutral After Another Disappointment

April 28, 2017 6:13 AM EDT

Credit Suisse downgraded Gigamon (NYSE: GIMO) from Outperform to Neutral with a price target of $29.00 (from $38.00) after another disappointment.

While Q1 revenues was at the high end, guidance was disappointing. Weakness was due to Enterprise business in North America, as well as some lumpiness... More