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Gigamon Inc. (GIMO) designs, develops, and sells products and services that provide customers with visibility and control of network traffic for enterprises and services providers in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific.
The company offers traffic visibility fabric solutions consisting of network traffic intelligence, such as proprietary traffic selection, forwarding, manipulation, modification, de-duplication, correlation, and sampling capabilities. Its solutions enable IT organizations to forward traffic from network and server infrastructure to management, analysis, compliance, and security tools in a manner that is optimized for specific uses or functions.
The company also provides Flow Mapping technology that identifies and directs incoming traffic to single or various tools based on user-defined rules that could be managed from a centralized management console; and GigaSMART platform, which offers a range of software applications to modify, manipulate, transform, filter, correlate, and sample network traffic. Its products include GigaVUE product family that provides end-user customers to design unified visibility fabric architectures optimized for a range of scale and performance requirements from monitoring in virtual server environments, as well as to 1 gigabit appliances to multi-terabit chassis-based solutions.
The company also offers ongoing technical support services with hardware and software products, including ongoing maintenance services for hardware and software, which enable the customers to receive ongoing software updates, bug fixes, and repairs; and replacement services for defective hardware. It sells its products directly through direct sales force and a network of channel partners.
Shares have formed a bullish "cup and handle" following the company's latest quarterly report. Higher share prices are expected for this stock.
52-Weeks Trading Range: $14.54 - $34.80
Entry Point: $27.75
Stop Loss: $26.30
Target Price: $30.55
GIMO closed at $24.50
