Last $11.23 USD
Change Today +0.22 / 2.00%
Volume 350.9K
GIMO On Other Exchanges
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As of 8:04 PM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

gigamon inc (GIMO) Key Developments

Gigamon Inc. Appoints Ted Ho to its Board of Directors

Gigamon Inc. announced the appointment of Ted Ho, a co-founder of Gigamon, to the Company's Board of Directors. Ted C. Ho co-founded Gigamon in 2004 and formerly served as a member of the board of directors from inception to March 2013. Mr. Ho served as chief executive officer of Gigamon from February 2008 to December 2012. Prior to founding the company, he served as vice president of engineering at Network Associates Inc. (which later became McAfee Inc.), from January 2001 to May 2003. From May 1998 to January 2001, Mr. Ho served as a director of engineering at McAfee. Mr. Ho holds a B.S. degree in Civil Engineering from the National Cheung-Kung University in Taiwan and an M.S. degree in structural engineering and computer engineering from the University of Southern California.

Gigamon Collaborates with VMware on Active Visibility Solutions for VMware NSX and the Software-Defined Data Center

Gigamon announced a collaboration with VMware to extend Gigamon's visibility and monitoring solutions to support the software-defined data center. Gigamon will work with VMware to enable mutual customers to maximize previous investments in network, application and security monitoring tools as they virtualize their networks with the VMware NSX(TM) network virtualization platform.

Gigamon Inc. Announces Appointment of Helmut Wilke as Senior Vice President of Worldwide Sales

Gigamon Inc. announced the appointment of Helmut Wilke as senior vice president of worldwide sales, effective immediately. Prior to Gigamon, Wilke led worldwide sales, partner and operations for Ixia's Network Visibility Solutions as vice president of worldwide sales. Prior to Ixia, Wilke was the vice president of the US Western Region Enterprise and Partner Group for Microsoft where he delivered business critical technology solutions to enterprise customers. Wilke also held senior sales positions at Extreme Networks and Sun Microsystems.

Gigamon Inc. Announces Resignation of Michael T. Hoffman as Senior Vice President, Sales Enablement

Michael T. Hoffman, resigned as the senior vice president, sales enablement, of Gigamon Inc. effective immediately.

Gigamon Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 28, 2014

Gigamon Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 28, 2014. For the quarter, the company announced total revenue of $34,851,000 compared to $32,409,000 for the same period a year ago. Loss from operations was $7,838,000 compared to $32,345,000 for the same period a year ago. Loss before income taxes was $7,759,000 compared to $32,362,000 for the same period a year ago. Net loss was $32,486,000 compared to $9,793,000 for the same period a year ago. Net loss to common stock holders was $32,486,000 compared to $9,758,000 for the same period a year ago. Net loss per share attributable to common stock holders, basic and diluted was $1.01 compared to $0.51 for the same period a year ago. Net cash used in operating activities was $5,549,000 compared to net cash provided from operating activities of $4,812,000 for the same period a year ago. Purchases of property and equipment were $2,463,000 compared to $1,251,000 for the same period a year ago. Non-GAAP operating loss was $1,819,000 compared to non-GAAP operating income of $4,723,000 for the same period a year ago. Non-GAAP net loss was $1,134,000 or $0.04 per basic and diluted share compared to non-GAAP net income of $3,791,000 or $0.14 per basic and diluted share for the same period a year ago. For the six months, the company announced total revenue of $66,611,000 compared to $58,222,000 for the same period a year ago. Loss from operations was $19,776,000 compared to $33,510,000 for the same period a year ago. Loss before income taxes was $19,677,000 compared to $33,532,000 for the same period a year ago. Net loss was $40,704,000 compared to $10,992,000 for the same period a year ago. Net loss to common stock holders was $40,704,000 compared to $10,973,000 for the same period a year ago. Net loss per share attributable to common stock holders, basic and diluted was $1.28 compared to $0.60 for the same period a year ago. Net cash used in operating activities was $3,749,000 compared to net cash provided from operating activities of $15,065,000 for the same period a year ago. Purchases of property and equipment were $4,732,000 compared to $2,200,000 for the same period a year ago. Non-GAAP operating loss was $5,122,000 compared to non-GAAP operating income of $5,151,000 for the same period a year ago. Non-GAAP net loss was $3,366,000 or $0.11 per basic and diluted share compared to non-GAAP net income of $4,185,000 or $0.16 per basic and diluted share for the same period a year ago.

 

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