UPDATE: D.A. Davidson & Co. Initiates Coverage on Gigamon on Need for Network Visibility
In a report published Friday, D.A. Davidson & Co. analyst Mark Kelleher initiated coverage on Gigamon (NYSE: 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.
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