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Fly News Breaks for July 29, 2016
GIMO
Jul 29, 2016 | 08:10 EDT
William Blair analyst Jason Ader says Gigamon "just keeps getting better" following the company's Q2 results. Gigamon posted its eighth consecutive beat-and-raise quarter, the analyst points out. Ader believes the company can continue its momentum "based on the early stage of its revenue ramp-up in security, increasing leverage with security VARs, customer diversity across enterprise, service provider and federal verticals, and its consistent cadence of backlog build." He reiterates an Outperform rating on the shares.
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