Comment on Why Gigamon, Inc. Stock Dropped Today

Why Gigamon, Inc. Stock Dropped Today

Shares of Gigamon, Inc. (NYSE: GIMO) were slipping today after the network-monitoring specialist delivered underwhelming guidance in its first-quarter earnings report. The stock closed down 11.9%.Revenue at the network traffic-solutions provider increased just 4%, to $69.6 million, though that edged past expectations at $68.8 million, but product revenue fell slightly. On the bottom line, the company reported a GAAP loss of $0.06 per share, though with adjustments such as $12.6 million in stock-based compensation, earnings per share rose to $0.12, which beat expectations at $0.08.Image source: Gigamon.Continue reading

 

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