Why Gigamon, Inc. Stock Dropped Today

newsfeedback@fool.com (Jeremy Bowman), The Motley Fool
Fri, 04/28/2017 - 1:56pm

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

Topics: inc nyse gimo gigamon stock today million earnings expectations share

Place your ad here
Loading...

BING NEWS:

We Officially Have a Major New Pop Star
While “Hurts” was still in the Top 10, a second John Cougar hit came roaring in beside it, then soared above it: a little ditty called “Jack and Diane.” This was a quirkier tune, with pensive lyrics ...
06/28/2024 - 11:05 am | View Link
Sotomayor Blasts Supreme Court for Devastating Homelessness Ruling
Supreme Court Justice Sonia Sotomayor issued a scathing dissent Friday on her conservative colleagues’ decisions to essentially criminalize homelessness in its Grants Pass ruling. Sotomayor put the ...
06/28/2024 - 9:52 am | View Link
Stock market today: Stocks edge lower on Wall Street, ending a 3-week winning streak for the S&P 500
Stocks on Wall Street gave up early gains and edged lower in afternoon trading Friday, following a closely watched report that showed inflation continues easing. Investors are hoping that cooling ...
06/27/2024 - 7:32 pm | View Link
Nike Revenue Falls, Hit by North America Footwear Business; Stock Drops
The stock has declined 14% since the beginning of the year ... Revenue fell 1.7%, to $12.61 billion, missing analysts expectations of $12.86 billion. Direct revenue dropped 8%, to $5.1 billion, while ...
06/27/2024 - 10:58 am | View Link
Are Options Traders Betting On a Big Move In Inter Parfums (IPAR) Stock?
Investors need to pay close attention to Inter Parfums (IPAR) stock based on the movements in the options market lately.
06/27/2024 - 2:12 am | View Link
More

More Movie News

More Business News

3 ways AI can smooth our inevitable move to a 4-day workweek
Fast Company, Tuesday - 07/02/2024 - 07:00 AM
The impending four-day workweek will bring new questions of productivity, output, and outcomes. AI is the answer, this future-of-work strategist says. The amount of time people spend “at work” has changed significantly over the last few centuries. Robert Whaples, a professor of economics at Wake Forest University has mapped out the history of hours of work in the U.
More | Talk | Read It Later | Share
Tomo co-founder Carey Schwaber Armstrong steps down from COO role
BizJournals, Tuesday - 07/02/2024 - 12:35 AM
The former Zillow executive is leaving day-to-day operations at Tomo after co-founding the real estate fintech startup in 2020.
More | Talk | Read It Later | Share
Wawa being the Phillies' first jersey sponsor just makes too much sense now, right?
BizJournals, Tuesday - 07/02/2024 - 12:19 AM
The Wawa-Sheetz rivalry could soon extend to the baseball field.
More | Talk | Read It Later | Share
PNC names new exec to lead retail expansion in Dallas, beyond
BizJournals, Tuesday - 07/02/2024 - 12:13 AM
PNC Bank has named a new regional retail executive as it plans a nearly $1 billion expansion nationwide.
More | Talk | Read It Later | Share
Port of Everett hires veteran exec Monique Liard to oversee its budget
BizJournals, Tuesday - 07/02/2024 - 12:11 AM
Former CFO Eric Russell retired in March after five years with the Port of Everett.
More | Talk | Read It Later | Share
Texas A&M University System Chancellor John Sharp to retire after 14 years
BizJournals, Tuesday - 07/02/2024 - 12:09 AM
During his 14 years as the Texas A&M University System chancellor, John Sharp oversaw $11.4 billion worth of new buildings, including in North Texas.
More | Talk | Read It Later | Share

Why Gigamon, Inc. Stock Dropped Today

Welcome to Wopular

MoviesWithButter : Our Sister Site

More Business News