F5 Networks’ (FFIV) revenue growth could slow more than consensus estimates, says Barclays, which on Monday downgraded F5 stock while upgrading Gigamon. F5 Networks stock was down more than 2.5% in morning trading in the stock market today. Shares of Milpitas, Calif.-based Gigamon (GIMO), which sells communications network hardware “appliances” that analyze and manage data traffic, were up 4%, near 21.50 and near an 11-month high. Shares of
Gigamon (GIMO) used a combination of attracting a large number of new customers and a record number of large deals over $1 million to report fourth-quarter earnings after the close Thursday that blew away analyst estimates. The company’s outlook for the current quarter also exceeded views. Investors took note. Gigamon jumped more than 14% in the stock market today. The stock is up a fraction this year after ending 2014 down 36.8%. Gigamon is a
Gigamon (GIMO) stock jumped Friday after Goldman Sachs upgraded the company on views that distribution agreements will drive 2014 revenue growth ahead of estimates and that the company is a potential takeover target. Milpitas, Calif.-based Gigamon, which sells communications network hardware “appliances” that analyze and manage data traffic, is set to report Q4 earnings on Tuesday. Analysts estimate Q4 EPS of 12 cents, even with the year-earlier