This tech company beat earnings estimates by four cents in the latest quarter, and its shares were just upgraded from Neutral to Buy at DA Davidson.
Gigamon, Inc. (GIMO)
from The Oberweis Report
Gigamon has developed an innovative solution that delivers pervasive and dynamic intelligent visibility and control of traffic across networks. The company’s solution, which is referred to as its Unified Visibility Fabric, consists of a distributed system of nodes (or a “Fabric”) that enable an advanced level of visibility, modification and control of network traffic.
The Visibility Fabric spans physical appliances, virtual nodes, and traffic from remote sites to enable pervasive visibility of network infrastructures. This Fabric enables IT organizations to gain advanced visibility into infrastructure by dynamically forwarding selected traffic of interest from network and server infrastructure to management, analysis, compliance and security tools in a manner that is optimized for specific uses or functions.
The company’s patented Flow Mapping technology identifies and directs incoming traffic to single or multiple tools based on user-defined rules that can be managed from a centralized management console. Its GigaSMART platform extends the value and intelligence of the Fabric by providing a range of software applications to modify, manipulate, transform, filter, correlate and sample network traffic.
Security is driving an increasing need for GIMO’s solution. The increasing number of security breaches and continuing threats facing enterprises has put focus on expanding the envelope of security by obtaining intelligent visibility to traffic fl owing through networks. Empowered with such visibility, security architects can implement architectures that increase the effectiveness of the security appliances and strategies they deploy.
In the company’s latest reported first quarter, sales increased approximately 48% to $46.9 million from $31.8 million in the first quarter of last year. Gigamon reported earnings per share of $.13 in the latest reported first quarter versus a loss in the same quarter of last year.
Jim Oberweis, CFA, The Oberweis Report, www.oberweisreport.com, 800-323-6166, May 2015