A lawsuit was filed on behalf of investors in Gigamon Inc (NYSE:GIMO) shares over alleged securities laws violations and Gigamon Inc (NYSE:GIMO investors should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 02/01/2017 --An investor, who purchased shares of Gigamon Inc (NYSE:GIMO), filed a lawsuit in California over alleged Securities Laws violations by Gigamon Inc in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Gigamon Inc (NYSE:GIMO) have certain options and for certain investors are short and strict deadlines running. Deadline: March 28, 2017. NYSE:GIMO investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The plaintiff claims that the Defendants failed to disclose that Gigamon was experiencing reduced product bookings in its North America West region, that several of the Company's significant customers were deferring purchasing decisions into 2017, that the Company failed to properly include these trends in its financial guidance, and that, as a result of the foregoing, Defendants' statements about Gigamon's business, operations, and prospects, including statements about its revenue guidance, were false and misleading and/or lacked a reasonable basis.

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 27, 2017 NYSE:GIMO shares closed at $32.95 per share.

Those who purchased shares of Gigamon Inc have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com