Gigamon Earnings: Here’s Why Investors are Excited Now

(:GIMO) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 8.51%.

Earnings Cheat Sheet

Results:

Revenue: Decreased 0% to $32.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.13 per share. By that measure, the company beat the mean analyst estimate of $0.04. It beat the average revenue estimate of $30.91 million.

Quoting Management: “In our first quarter as a public company, we delivered solid revenue growth of 44% year-over-year,” said Paul Hooper, CEO of Gigamon. “Our Visibility Fabric enables our customers to gain higher levels of visibility into their IT infrastructure by delivering the right network traffic to the right management system, at the right time. We believe our market is significantly underpenetrated, and through our broad, intelligent and scalable solution, we believe we are well-positioned to capitalize on this exciting growth opportunity.”

Key Stats (on next page)…

Revenue decreased 0% from $0 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a loss of $0 to a profit $0.08. For the current year, the average estimate has moved up from a loss of $0 to a profit of $0.24 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)