Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating potential violations of the federal securities laws by Gigamon Inc. (NYSE: GIMO) and certain of its officers. Gigamon Inc. designs, develops, and sells products and services that provide customers with visibility and control of network traffic for enterprises and services providers.
Specifically, Johnson & Weaver’s investigation seeks to determine whether certain statements regarding the Company’s business and prospects were false and misleading when made.
On April 7, 2014, Gigamon reduced its first quarter revenue guidance to $31M-$31.5M from its previous outlook of $34M-$35M. Prior to the Company's warning, analysts’ consensus revenue estimate was $34.8M. Gigamon stated that the lowered revenue guidance was due to an expected transaction from an existing customer that did not materialize. The Company expects Q1 gross margins to be approximately 71%-72%, versus prior guidance of 78%-79%. Shares of Gigamon were down on April 7, 2014 more than $8.00 on very heavy volume.
If you are a Gigamon shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (jimb@johnsonandweaver.com) at 619-814-4471. If you email, please include your phone number.
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California and New York. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Contacts:
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
