gigamon inc (GIMO) Key Developments
Gigamon Inc. Announces Collaboration with RSA, Security Division of EMC to Provide Pervasive Visibility into Software Defined Data Center Traffic
Aug 31 15
Gigamon Inc. announced a collaboration with RSA, the Security Division of EMC, to provide pervasive visibility into Software Defined Data Center traffic via Gigamon's new Security Delivery Platform, GigaSECURE. Together the GigaSECURE platform and RSA Security Analytics provide pervasive visibility and actionable intelligence into physical and virtual network environments, including the VMware NSX platform. RSA Security Analytics gives organizations the necessary context to help detect and respond to today's advanced attacks before they can inflict widespread damage. By delivering virtual traffic to RSA Security Analytics, GigaSECURE is designed to provide security operations teams with active visibility to detect, investigate and take timely and targeted action against advanced threats. As a platform, GigaSECURE is comprised of scalable hardware and software elements that give security administrators unparalleled visibility and capability for bolstering security effectiveness. By delivering targeted traffic to RSA Security Analytics, organizations will have enhanced visibility of both virtual and physical network traffic and are better able to manage this traffic through a single console, correlated to one security tool. Additional key benefits of GigaSECURE include: Infrastructure-wide reach via Gigamon's GigaVUE-VM and GigaVUE nodes to feed RSA Security Analytics with pervasive traffic visibility; NetFlow record generation that is unsampled; Application Session Filtering, which eliminates unwanted traffic, such as streaming video from the examined traffic flows; SSL decryption for faster threat analysis.
Gigamon Inc. Presents at Oppenheimer 18th Annual Technology, Internet & Communications Conference 2015, Aug-12-2015 11:05 AM
Jul 28 15
Gigamon Inc. Presents at Oppenheimer 18th Annual Technology, Internet & Communications Conference 2015, Aug-12-2015 11:05 AM. Venue: Four Seasons Hotel, 200 Boylston Street, Boston, MA 02116, United States. Speakers: Michael J. Burns, Chief Financial Officer, Paul A. Hooper, Chief Executive Officer and Director.
Gigamon Enhances GigaVUE-OS Software Platform
Jul 28 15
Gigamon Inc. announced the availability of version 4.4 of its visibility software, GigaVUE-OS®. This release is at the heart of Gigamon's Unified Visibility Fabric and GigaSECURE Security Delivery Platform offerings and offers a range of new security, session intelligence, inline bypass and advanced carrier-specific capabilities. New Session Intelligence: Application Session Filtering (ASF), is a new, patent-pending GigaSMART® application that comprises a key pillar of the GigaSECURE Security Delivery Platform. ASF provides a powerful filtering engine that identifies applications based on signatures appearing within packets that form the application flow of network traffic. Once positively identified, ASF extracts the entire session corresponding to the matched application flow from the initial packet to the last packet of the flow, even if the match occurs well after the first packet. This allows an administrator to forward specific "traffic of interest" to security appliances thereby optimizing their operational efficiency and improving overall performance. The capability is especially useful in extracting entire sessions of interest corresponding to Web applications (such as YouTube, Netflix), business applications (such as database SQL traffic, Outlook emails with attachments) and many others. The ability to filter entire sessions of such traffic significantly enhances the productivity of security appliances. New Security Features: As part of continuing expansion of the popular GigaSMART SSL Decryption application released last year, the latest version of software adds support for TLS 1.2, SHA256 and increases the number of supported keys up to 4,000. With SSL traffic accounting for up to a third of all traffic in many networks, and network attacks via SSL expected to grow significantly, decryption of SSL traffic is becoming increasingly important to connected security devices to function more effectively. In addition, the capability to service chain SSL decryption with Application Session Filtering allows security appliances to gain advanced visibility into encrypted sessions flowing throughout the network. Inline Bypass Advancements: Another key pillar of the Security Delivery Platform is the inline bypass capability that provides the flexibility needed to deploy security functions either inline or out-of-band. GigaVUE-OS 4.4 introduces the ability to perform asymmetric hashing of inline security tool groups. This capability is especially useful for those security tools interested in tracking conversations, such as those from a specific endpoint or conversations to a specific target destination, etc. Empowering Carriers: GigaVUE-OS 4.4 extends the scale of white-listing with support for up to 500,000 subscribers per white list per GigaSMART engine. Mobile carriers can create custom whitelists of specific subscribers using their IMSI (International Mobile Subscriber Identity) that can be used to identify security threats to a specific subscriber, attach value-added services to a specific subscriber, or conduct real-time analytics for a premium subscriber at scale. Stateful filtering on new EPC interfaces used in an LTE core network as well as traffic corresponding to GTP versions allows mobile providers to implement both intelligent subscriber awareness and advanced filtering to keep up with the growth in mobile traffic.
Gigamon Inc. Provides Earnings Guidance for the Third Quarter of 2015
Jul 23 15
Gigamon Inc. provided earnings guidance for the third quarter of 2015. The company expects third quarter revenue of $53 million to $56 million, at the midpoint of 39% year-on-year. Gross margins expected to remain approximately 79%. Operating expenses are expected to be up at approximately $33.7 million to $34.3 million, an increase of approximately 17% year-on-year. The company ramped recruiting and engineering and in sales to drive market-leading product development, notably in the security market. And to deliver strong revenue growth in 2016 and beyond. Non-GAAP tax rate is expected to remain approximately 35%, assuming the R&D tax credit is not renewed. The company expects to deliver non-GAAP earnings per share in the range of $0.15 to $0.18.
Gigamon Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 27, 2015
Jul 23 15
Gigamon Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 27, 2015. For the quarter, the company reported total revenue of $51,446,000 compared to $34,851,000 a year ago. Income from operations was $25,000 compared to loss from operations of $7,838,000 a year ago. Income before income tax provision was $137,000 compared to loss before income tax provision of $7,759,000 a year ago. Net income was $38,000 compared to net loss of $32,486,000 a year ago. Net cash provided by operating activities was $15,075,000 compared to net cash used in operating activities of $5,549,000 a year ago. Purchase of property and equipment was $1,187,000 compared to $2,463,000 a year ago. Non-GAAP operating income was $8,928,000 compared to non-GAAP operating loss of $1,819,000 a year ago. Non-GAAP net income was $5,866,000 or $0.16 per diluted share compared to non-GAAP net loss of $1,134,000 or $0.04 per diluted share a year ago. Non-GAAP income before income taxes was $9,040,000 compared to non-GAAP loss before income tax provision of $1,740,000 a year ago.
For the six months, the company reported total revenue of $98,299,000 compared to $66,611,000 a year ago. Loss from operations was $691,000 compared to $19,776,000 a year ago. Loss before income tax provision was $470,000 compared to $19,677,000 a year ago. Net loss was $657,000 or $0.02 per basic and diluted share compared to $40,704,000 or $1.28 per basic and diluted share a year ago. Net cash provided by operating activities was $30,847,000 compared to net cash used in operating activities of $3,749,000 a year ago. Purchase of property and equipment was $2,224,000 compared to $4,732,000 a year ago. Non-GAAP operating income was $15,867,000 compared to non-GAAP operating loss of $5,122,000 a year ago. Non-GAAP net income was $10,430,000 or $0.29 per diluted share compared to non-GAAP net loss of $3,366,000 or $0.11 per diluted share a year ago. Non-GAAP income before income taxes was $16,088,000 compared to non-GAAP loss before income tax provision of $5,023,000 a year ago.