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Glancy Prongay & Murray LLP Commences Investigation on Behalf of Gigamon Inc. InvestorsGlancy Prongay & Murray LLP ("GPM") announces an investigation on behalf of Gigamon (News - Alert) Inc. ("Gigamon" or the "Company") (NYSE: GIMO) investors concerning the Company and its officers' possible violations of federal securities laws. GPM is preparing a lawsuit on behalf of Gigamon investors. Gigamon 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. On January 18, 207, Gigamon disclosed preliminary fourth quarter and fiscal year 2016 results. In the report, Gigamon announced that fourth quarter revenue for the period ending December 31, 2016 would be considerably less compared to the prior year's guidance. According to the Company, fourth quarter revenue fell short due to "lower than expected product booking" as well as the decision of existing customers to hold "purchasing decisions into 2017." On this news, shares of Gigamon fell over 28% on January 18, 2017. If you purchased Gigamon securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170119006129/en/ |
