Gigamon Inc. (GIMO) announced after the bell Monday that it now expects first quarter revenue to be approximately $31.0 million to $31.5 million, down from its previously stated guidance of $34.0 million to $35.0 million. Analysts currently expect revenues of $34.81 million.
Gigamon gapped open sharply lower Tuesday and declined during the first 45 minutes of trade. The stock slipped further going into the close and finished down by 8.89 at $17.31 on the highest volume in nearly 10 months. Gigamon plummeted to an all-time low.
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