Gigamon Recovers Off All-Time Low After Cutting Revenue Expectations BY Midnight Trader — 9:44 AM ET 04/09/2014
09:44 AM EDT, 04/09/2014 (MT Newswires) -- Gigamon (GIMO) shares were up slightly Wednesday, recovering from an all-time low of $17.20 hit Tuesday, when the traffic-visibility solutions company cut its guidance for Q1 revenue.
The stock recently was up 1.3% at $17.54, in a 52-week range of $17.20 to $41.81.
Tuesday, Gigamon (GIMO) projected Q1 revenue of $31 million to $31.5 million, versus its earlier forecast of $34 million to $35 million.