Last $10.68 USD
Change Today -0.101 / -0.94%
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As of 3:18 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

gigamon inc (GIMO) Key Developments

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.

Gigamon Inc. Appoints Mike Burns as Chief Financial Officer

Gigamon Inc. announced the appointment of Mike Burns as chief financial officer, effective immediately. Burns brings over two decades of experience in finance, strategic planning, M&A and growth investing in public technology companies. Before joining Gigamon, Burns served as chief financial officer of Volterra Semiconductor.

Gigamon Announces New Solutions for Security Services Delivery

Gigamon announced a forthcoming expanded set of solutions to address the growing security needs of organizations. These new solutions include modules to address inline traffic security with high availability modes, as well as intelligent load distribution across multiple inline and out-of-band security tools. These latest offerings, together with Gigamon's patented Flow Mapping technology and the advanced traffic intelligence capabilities of the Visibility Fabric, will enable simultaneous deployment of multiple, best-of-breed, inline and out-of-band security monitoring and management solutions for more pervasive and proactive threat monitoring and mitigation. The new GigaVUE-HC2 modules extend the power of the Visibility Fabric with Active Visibility, utilizing intelligence and robust bypass capabilities to better protect both critical IT traffic and the inline tools designed to prevent malicious activity. Advanced threats require more sophisticated tools, but these specialized security tools are often processor-bound and may not be able to handle increasing traffic volumes as effectively. Gigamon's Visibility Fabric establishes a more efficient system by sending only the appropriate data to each tool. In addition, the Visibility Fabric continuously monitors the health of the attached inline tools and in the event of a tool failure will bypass the outage to ensure the network remains available and protected. Gigamon's Visibility Fabric unifies visibility for both packets and flows and allows security teams to rapidly shift traffic from one device to another, eliminating the need to wait days, weeks or months for a maintenance window. The new forthcoming front-facing GigaSMART(R) modules increase the compute power of the GigaVUE-HC2 so that one chassis can be populated with up to five processing engines, providing scalable traffic intelligence for the offloading of traffic to certain tools and increased NetFlow generation for those security offerings that utilize that data.

 

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