In a report published Friday, D.A. Davidson & Co. analyst Mark Kelleher initiated coverage on Gigamon GIMO with a Neutral rating.
In the report, D.A. Davidson & Co. noted, “In the carrier market, new protocols such as 4G LTE are driving an increasing need for network operators to understand what information is flowing across a network. In Enterprise, virtualization is creating much more complicated packet flows over networks, forcing network operators to use management tools and route certain information through these tools. The move of Ethernet from 1Gb to 10Gb also increases network traffic complexity, and drives the need for network visibility appliances such as those offered by Gigamon."
Gigamon closed on Thursday at $27.73.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in