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Fly News Breaks for January 18, 2017
GIMO
Jan 18, 2017 | 08:36 EDT
After Gigamon preannounced Q4 revenue and EPS that missed consensus and the company's forecasts, William Blair analyst Jason Ader said the miss appears to be a company-specific, timing issue rather than due to a change in the demand or competitive environment. Management noted that several significant existing customer accounts deferred purchasing decisions into 2017, said Ader, who maintains an Outperform rating on Gigamon but cautions that a return to its "beat-and-raise" track record could take more than one quarter.
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