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Fly News Breaks for April 15, 2016
XXIA, GIMO
Apr 15, 2016 | 09:38 EDT
Deutsche Bank analyst Vijay Bhagavath says last night's negative Q1 preannouncement from Ixia (XXIA) is a negative read for Gigamon (GIMO). Ixia attributed the weaker than expected results to softness in the network testing spending from North American network equipment vendors in March and delays in closing network visibility deals, Bhagavath tells investors in a research note. Shares of Gigamon are trading down $1.62 to $28.95. Ixia is down 18% to $9.98.
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