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Re: None

Wednesday, 06/12/2013 12:26:02 AM

Wednesday, June 12, 2013 12:26:02 AM

Post# of 228
IPO Preview: Gigamon

SUMMARY

GIMO competes with ethernet switch companies Cisco (CSCO), Juniper (JNPR) and Brocade Systems (BRCD) but in a specialized vertical niche, providing enhance traffic visibility.

GIMO's sales are increasing at a much faster rate than its bigger competitors: 2012 revenue was up 43% to $97 million for 2012 vs. 2011. Revenue was up 53% to $26 from $17 for Q1 '13 vs. Q1 '12.

GIMO was profitable from 2010 through 2012, and said the Q1 revenues are almost always lower than Q4 revenues.

http://seekingalpha.com/article/1494922-ipo-preview-gigamon?source=google_news