An investigation for investors in Gigamon Inc (NYSE:GIMO) shares over potential securities laws violations by Gigamon Inc was announced and NYSE:GIMO stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/24/2017 -- An investigation on behalf of investors of Gigamon Inc shares was announced concerning possible violations of securities laws by Gigamon Inc in connection certain financial statements.
Investors who purchased shares of Gigamon Inc (NYSE:GIMO), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm focuses on whether certain statements by Gigamon Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On January 17, 2017, Gigamon Inc announced its preliminary fourth quarter and fiscal year 2016 results. In the report, Gigamon Inc announced that fourth quarter revenue for the period ending December 31, 2016 would be less compared to the prior year's guidance. According to Gigamon Inc, its 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."
Shares of Gigamon Inc (NYSE:GIMO) declined to as low as $30.50 per share on January 18, 2017.
On January 23, 2017 NYSE:GIMO shares closed at $32.45 per share.
Those who purchased shares of Gigamon Inc have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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