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.
Gigamon Inc. Launches GigaSECURE
Jul 21 15
Gigamon Inc. transformed the industry by launching GigaSECURE, the industry's first Security Delivery Platform that provides pervasive visibility of network traffic, users, applications and suspicious activity, and delivers it to multiple security devices simultaneously without impacting network availability. As a direct result, third party security appliances are more effective at protection and remediation, and the cost and complexity of security infrastructure is reduced. A Security Delivery Platform: Addressing the Threat Within: Reversing the asymmetry between the network attacker and defender has been an elusive industry goal. An attacker needs but one vulnerability to exploit, whereas a defender needs to protect all aspects of their infrastructure. Once inside, a cybercriminal often goes unnoticed for months, as detecting their presence is akin to finding a needle in a haystack. A Security Delivery Platform tips the scales back in the favor of network defenders by dramatically enhancing the deployment architecture of security systems and third party security applications through new capabilities that include: Providing network wide reach, including cloud and virtual environments; Offering scalable metadata extraction for improved forensics; Isolation of applications for targeted inspection; Delivering visibility to encrypted traffic for threat detection; and Supporting inline and out-of-band security device deployments. GigaSECURE – The Industry's First Security Delivery Platform: GigaSECURE is comprised of scalable hardware and software elements that provide security administrators with unparalleled visibility and capability for bolstering the effectiveness of their third party security systems and instrumentation. Key features of GigaSECURE include: Infrastructure-wide reach via GigaVUE-VM and GigaVUE nodes; High-fidelity, un-sampled Netflow/IPFIX generation; Application Session Filtering; SSL decryption; and Inline bypass capabilities. In particular, Application Session Filtering (ASF), a new, patent-pending GigaSMART application, provides a powerful filtering engine that identifies applications, based on signature or patterns that appear within a packet or 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. GigaSECURE – Broad Support and Interoperability Across the Security Ecosystem: The GigaSECURE platform already supports a broad ecosystem of security devices and their respective security functions, including: Advanced Malware Protection: Check Point, Cisco, Cyphort, FireEye and Lastline; Behavior Analytics: Damballa, Lancope, LightCyber and Niara; Forensics/Analytics: ExtraHop, PinDrop, RSA and Savvius; IPS: Check Point and Cisco; NGFW: Check Point, Cisco, Fortinet and Palo Alto Networks; Secure Email Gateways: Cisco; SIEMs: LogRythm and RSA; WAFs: Imperva. The GigaSECURE Security Delivery Platform is available now from authorized Gigamon channel partners worldwide.
Gigamon Inc., Annual General Meeting, Jun 11, 2015
Apr 24 15
Gigamon Inc., Annual General Meeting, Jun 11, 2015., at 13:00 Pacific Daylight. Location: At principal executive offices, located. Agenda: To elect three Class II directors to serve until the 2018 annual meeting of stockholders and until their successors are duly elected and qualified; to ratify the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for its fiscal year ending December 26, 2015; and to transact such other business as may properly come before the Annual Meeting or any adjournments or postponements thereof.