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GIMO

Taken Private by Elliott

$44.09

-2.5901 (-5.55%)

, AMZN

Amazon.com

$767.58

-3.71 (-0.48%)

13:02
08/31/16
08/31
13:02
08/31/16
13:02

Meet Gigamon: A talk with CEO Paul Hooper

In an exclusive interview with The Fly, Gigamon (GIMO) CEO Paul Hooper talked about the company's quarterly performance, upcoming projects, industry consolidation and much more. Here are some of the highlights: MOMENTUM TO CONTINUE: Following the company's eighth consecutive beat-and-raise quarter, Hooper recognized that "as numbers get bigger and expectations get higher, the challenges also increase." Nonetheless, the CEO expects the momentum to continue given the company's "strong fundamentals and business," and the current market. NEW PRODUCTS: Three months after the start of Gigamon's trials for Amazon (AMZN) Web Services Elastic Compute Cloud offering, Hooper said he is "very pleased with the early trials." The company expects several product announcements in the next few quarters, with Gigamon currently working on Amazon components, Microsoft's (MSFT) Azure and on a Google (GOOG; GOOGL) cloud version, Hooper added. The chief executive also pointed out that about 20% of Gigamon's revenue is invested in R&D, which he views as a "significant amount of money compared to competitors." INDUSTRY CONSOLIDATION: While Hooper acknowledged that "every company is a target to everybody at some point in time," he reiterated that the goal is to run the company as "independent." Regarding possible acquisitions in the future, the CEO believes Gigamon has "a lot of buying collateral" and is currently thinking about "whether there are acquisitions that could be made." COMPETITORS: The company's chief executive believes execution problems led many of its competitors to fall behind Gigamon, which has been growing faster and is now bigger than most. The company's biggest competitor "is the mirror," Hooper said, given the number of potential customers that still do not know what Gigamon has to offer. COMPANY EVOLUTION: If some people do not know what it does, others still see Gigamon as a Network Tapping and Aggregation company, which according to the CEO is a "misconception." Pointing out that Gigamon has evolved dramatically, Hooper believes "technology and solutions have expanded significantly, moving the company far away from that market." According to the chief executive, Gigamon allows organizations of any scale to be able to manage, monitor and secure infrastructure as they continue to grow and as networks continue to become more complex. "Meet the Company" is The Fly's recurring series of exclusive short interviews with Executive Officers to offer a deeper look inside the company. Fly subscribers will have access to full details of this interview later today.

GIMO

Taken Private by Elliott

$44.09

-2.5901 (-5.55%)

AMZN

Amazon.com

$767.58

-3.71 (-0.48%)

GOOG

Alphabet

$769.09

-3.06 (-0.40%)

GOOGL

Alphabet Class A

$791.92

-3.9 (-0.49%)

MSFT

Microsoft

$57.89

-0.21 (-0.36%)

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    Jan

GIMO Taken Private by Elliott
$44.09

-2.5901 (-5.55%)

08/30/16
STFL
08/30/16
INITIATION
STFL
Hold
Gigamon resumed with a Hold at Stifel
Stifel analyst Patrick Newton resumed coverage of Gigamon with a Hold rating. The analyst has a positive view on the company's fundamentals, but feels investor expectations are elevated, comps are increasingly difficult and room for further multiple expansion is limited.
07/18/16
NEED
07/18/16
NO CHANGE
Target $50
NEED
Buy
Gigamon price target raised to $50 from $40 at Needham
Needham analyst Alex Henderson raised his price target for Gigamon to $50 from $40 ahead of quarterly results, saying that the company is positioned to "beat and raise" again. Gigamon is delivering "strong performance" despite a sluggish environment, Henderson tells investors in a research note, adding that he thinks the company's growth deserves a higher valuation. He reiterates a Buy rating on the shares.
07/29/16
WBLR
07/29/16
NO CHANGE
WBLR
Outperform
Gigamon just 'keeps getting better,' says William Blair
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.
07/29/16
FBCO
07/29/16
NO CHANGE
Target $48
FBCO
Outperform
Gigamon price target raised to $48 from $40 at Credit Suisse
Credit Suisse analyst Kulbinder Garcha raised his price target for Gigamon to $48 saying the company "another strong quarter" in Q2. The analyst reiterates an Outperform rating on the shares.
AMZN Amazon.com
$767.58

-3.71 (-0.48%)

08/23/16
DBAB
08/23/16
NO CHANGE
Target $60
DBAB
Hold
Deutsche Bank says Tableau challenges remain despite 'thinking big' with new CEO
Deutsche Bank analyst Karl Keirstead said he was impressed that Tableau (DATA) was willing to "think big" to hire someone at the level of Adam Selipsky, who only recently resigned as a senior executive at Amazon Web Services (AMZN), adding that he doubts Selipsky would have been confident enough in Tableau's future to take the CEO job if AWS was likely to disrupt Tableau with its own QuickSight product. However, while Tableau is already "way ahead" of rivals like Qlik Technologies (QLIK) in the cloud, challenges such as a competitive and commoditizing market as well as price deflation, are not going away, said Keirstead, who keeps a Hold rating and $60 price target on Tableau shares.
08/23/16
OPCO
08/23/16
NO CHANGE
Target $62
OPCO
Outperform
Tableau executive transition strengthens cloud vision, says Oppenheimer
Oppenheimer analyst Ittai Kidron views Tableau's (DATA) announcement that it has appointed Adam Selipsky as CEO as positive. With the new CEO coming from best-in-class cloud vendor Amazon (AMZN), the analyst believes Selipsky's experience and background could be "very helpful" in Tableau's cloud and Online expansion, and in addressing competitive cloud concerns. Kidron reiterates an Outperform rating and $62 price target on the shares.
08/26/16
RILY
08/26/16
NO CHANGE
RILY
Buy
Near-term risk to Autobytel, TrueCar from Amazon Vehicles minimal, says B. Riley
B. Riley analyst Sameet Sinha believes the near-term risk to Autobytel (ABTL) and TrueCar (TRUE) from the launch of the Amazon Vehicles portal is minimal, noting that Amazon's (AMZN) platform does not sell cars nor generate leads. The analyst would be a buyer of Autobytel shares on weakness, saying the company has two upcoming product-driven catalysts and keeps a Buy rating on the stock, though the firm maintains its Sell rating on TrueCar shares.
08/30/16
JMPS
08/30/16
NO CHANGE
JMPS
VMware checks mixed, says JMP Securities
After conducting checks with VMware (VMW) partners and exhibitors at VMworld, JMP Securities analyst Patrick Walravens says there was an "even split between those who believe their customers' overall spending on VMware would increase next year and those who think it will decline." The analyst notes that Vmware is increasingly competing with Amazon (AMZN) as more of its customers move to the cloud. He keeps a Market Perform rating on VMware.
GOOG Alphabet
$769.09

-3.06 (-0.40%)

08/19/16
ADAM
08/19/16
NO CHANGE
Target $105
ADAM
Buy
Dycom weakness a buying opportunity, says Canaccord
Canaccord analyst Bobby Burelson said the recent pullback in Dycom (DY) shares has offered an attractive entry point. The analyst previewed Dycom's Q2 results as well as addresses concerns over Google fiber's (GOOG) plans to test fixed wireless broadband in certain metros. He expects overall spending on fiber deployments to remain strong driven by increasing competition and for Google Fiber to be a positive driver of deployment. Burleson reiterated his Buy rating and $105 price target on Dycom shares.
08/12/16
STFL
08/12/16
NO CHANGE
STFL
Dycom outlook not affected by Google initiative, says Stifel
After Google sought permission from the FCC to test wireless broadband delivery systems in 24 states and delayed several fiber deployments in Silicon Valley and Dycom's stock fell 9.5%, Stifel analyst Noelle Dilts says that worries about Dycom's revenue from Google are overdone. She says that the delay of the buildouts in Dilicon Valley was caused by unique challenges posed by the region, and she believes that the new technology that Google is testing will take years to fully develop The analyst remains upbeat on Dycom's outlook and keeps a $102 price target and buy rating on the shares.
08/12/16
RBCM
08/12/16
NO CHANGE
RBCM
Alphabet named top large cap pick at RBC Capital
RBc Capital analyst Mark Mahaney thinks that Alphabet's revenue growth can remain high ,and he says that the market's fears about a 2H16 revenue slowdown by the company are overdone. The analyst believes that the company's margins will probably increase going forward.
08/18/16
EVER
08/18/16
DOWNGRADE
Target $17
EVER
Sell
Twitter downgraded to Sell from Hold at Evercore ISI
Evercore ISI analyst Ken Sena downgraded Twitter (TWTR) to Sell saying he sees "more risk than reward" ahead of Snapchat's anticipated monetization ramp this fall. Broadcasting capabilities on competing social platforms are winning influence with Twitter users and advertisers, Sena tells investors in a research note that analyzed the growth and importance of machine learning and artificial intelligence. He cut his price target for the shares to $17 from $18. Twitter closed yesterday down 23c to $20.17. Sena coupled the downgrade with an upgrade of Priceline (PCLN) to Buy. His other Buy-rated names in the Internet space include Facebook (FB), Amazon.com (AMZN), Alibaba (BABA) and Alphabet (GOOGL, GOOG).
GOOGL Alphabet Class A
$791.92

-3.9 (-0.49%)

08/08/16
PIPR
08/08/16
NO CHANGE
Target $60
PIPR
Overweight
Piper sees Google executive exit as opportunity for Mobileye
Piper Jaffray analyst Alexander Potter believes the departure of Chris Urmson from Google (GOOG) illustrates how difficult it will be for Silicon Valley companies to easily disrupt the automotive industry. Urmson was the Chief Technology Officer of Google's self-driving car unit. Mobileye (MBLY) gives automakers the ability to commercialize self-driving cars faster than Silicon Valley rivals, Potter tells investors in a research note. Urmson's departure, the "latest in a string of departures from Google," bolsters the analyst's conviction, he points out. Potter has an Overweight rating on Mobileye rating with a $60 price target. The stock is up 12c to $46.72 in early trading.
MSFT Microsoft
$57.89

-0.21 (-0.36%)

08/29/16
UBSW
08/29/16
NO CHANGE
Target $64
UBSW
Buy
Microsoft remains on pace to exceed cloud target, says UBS
UBS analyst Brent Thill said Microsoft's cloud business remains on pace to exceed its $20B target. The analyst noted Microsoft has become more relevant in the datacenter and finds the cloud creates more recurring revenue streams, thus offering investors more consistent results relative to peers. Thill said his buy thesis of Microsoft shares "grinding higher" remains intact and the company remains well positioned as one of a select few mega-clouds in software. Thill reiterated his Buy rating and raised his price target to $64 from $62 on Microsoft shares.
07/20/16
07/20/16
NO CHANGE

Microsoft margins bottoming, says Pacific Crest
After Microsoft reported better than expected Q4 results, Pacific Crest notes that the company's Q1 revenue guidance came in below expectations. However, the firm says that its Q1 margin guidance came in above expectations ,and the firm thinks that the company's margins will bottom in Q1. The firm keeps a $65 price target and Overweight rating on the stock.
07/21/16
OPCO
07/21/16
NO CHANGE
Target $62
OPCO
Outperform
Microsoft hybrid cloud portfolio driving higher value, says Oppenheimer
Oppenheimer analyst Timothy Horan believes Microsoft's hybrid cloud portfolio has improved the functionality, security and availability of its SaaS/PaaS solutions and driven a higher value proposition. Furthermore, the analyst says the company's embrace of competing operating systems has helped the company succeed in enabling mobile hybrid cloud adoption. Horan reiterates an Outperform rating and $62 price target on the shares.
07/28/16
RAJA
07/28/16
NO CHANGE
Target $45
RAJA
Outperform
Acquisition of NetSuite helps Oracle boost cloud scale, says Raymond James
Raymond James analyst Michael Turits views Oracle's (ORCL) acquisition of NetSuite (N) as positive, saying it helps the former increase its cloud scale and scope at a reasonable valuation. The analyst believes that with this deal Oracle solidifies its lead in SaaS ERP relative to SAP (SAP), Workday (WDAY), and Microsoft (MSFT). Additionally, Turits points out that while he would have been positive on a more aggressive acquisition of salesforce.com (CRM) by Oracle, he believes this deal makes that "even less likely." He reiterates a $45 price target on Oracle's shares.

TODAY'S FREE FLY STORIES

DOYU

DouYu

$0.00

(0.00%)

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General news
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FXI

iShares China Large-Cap ETF

$42.28

0.09 (0.21%)

10:20
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$NSD

NASDAQ Market Internals

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PAGS

PagSeguro Digital

$45.50

0.78 (1.74%)

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Opera

$11.00

0.41 (3.87%)

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PagSeguro Digital

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Opera

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WORK

Slack Technologies

$34.19

-0.24 (-0.70%)

JLL

Jones Lang LaSalle

$140.23

-0.06 (-0.04%)

ALSN

Allison Transmission

$47.46

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HSY

Hershey

$144.07

3.64 (2.59%)

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ConocoPhillips

$60.31

0.57 (0.95%)

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Hershey

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ConocoPhillips

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CTRP

Ctrip

$38.35

1.48 (4.01%)

KBH

KB Home

$26.58

-0.16 (-0.60%)

SLGN

Silgan Holdings

$30.47

0.09 (0.30%)

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MFGP

Micro Focus

$21.23

0.57 (2.76%)

, WFC

Wells Fargo

$45.45

0.15 (0.33%)

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Micro Focus

$21.23

0.57 (2.76%)

WFC

Wells Fargo

$45.45

0.15 (0.33%)

ARLP

Alliance Resource Partners

$16.87

-0.38 (-2.20%)

WUBA

58.com

$57.07

-0.68 (-1.18%)

RL

Ralph Lauren

$111.09

-4.07 (-3.53%)

LEVI

Levi Strauss

$18.76

-1.05 (-5.30%)

PVH

PVH Corp.

$89.89

-2.61 (-2.82%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

10:16
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NYSE market internals summary »

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DOYU

DouYu

$0.00

(0.00%)

10:15
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Syndicate
Breaking Syndicate news story on DouYu »

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LEVI

Levi Strauss

$18.74

-1.07 (-5.40%)

10:15
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10:15
Options
Levi Strauss put volume heavy and directionally bearish »

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Fed funds futures have a light bid »

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Breaking General news story  »

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DOYU

DouYu

$0.00

(0.00%)

10:13
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10:13
Syndicate
Breaking Syndicate news story on DouYu »

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  • 17

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DOYU

DouYu

$0.00

(0.00%)

10:09
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Syndicate
Breaking Syndicate news story on DouYu »

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DOYU

DouYu

$0.00

(0.00%)

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DouYu indicated to open at $12.00, IPO priced at $11.50 »

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TELL

Tellurian

$6.94

-0.74 (-9.64%)

10:05
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Tellurian call volume above normal and directionally bullish »

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CTK

CooTek

$9.17

(0.00%)

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CooTek falls -7.2% »

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GWB

Great Western

$32.31

-2.69 (-7.69%)

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Great Western falls -7.5% »

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NUS

Nu Skin

$37.55

-7.95 (-17.47%)

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Nu Skin falls -17.4% »

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  • 06

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NM

Navios Maritime

$5.64

0.3 (5.62%)

10:00
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Navios Maritime rises 5.8% »

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FSM

Fortuna Silver Mines

$3.36

0.185 (5.83%)

10:00
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Fortuna Silver Mines rises 5.8% »

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ORN

Orion Group

$4.12

0.36 (9.57%)

10:00
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Orion Group rises 9.3% »

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TSLA

Tesla

$257.74

5.36 (2.12%)

09:57
07/17/19
07/17
09:57
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09:57
Periodicals
Officials worry over Tesla's plan to unleash robo-cars, Washington Post says »

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ABT

Abbott

$86.34

3.23 (3.89%)

09:56
07/17/19
07/17
09:56
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09:56
Hot Stocks
Abbott says 'running as fast as we can in Europe' »

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  • 17

    Jul

KKR

KKR

$26.05

0.01 (0.04%)

09:55
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Options
KKR put volume heavy and directionally bearish »

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