Thieler Law Corp advises investors with losses exceeding $100,000 of the March 28, 2017 lead plaintiff deadline in a class action lawsuit filed against Gigamon Inc (NYSE: GIMO) (“Gigamon” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of California and investors, who purchased Gigamon Inc securities between October 27, 2016 and January 17, 2017, have until March 28, 2017 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Gigamon Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly 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 18, 2017, the Company revealed early fourth quarter and fiscal year 2016 results. Gigamon reported that fourth quarter revenue for the period ending December 31, 2016 would be significantly less contrasted to the guidance last year. The Company attributed fourth quarter revenue was poor due to "lower than expected product booking" as well as the decision of existing customers to hold "purchasing decisions into 2017."

Following this news, NYSE: GIMO fell $12.65 per share, or 28.7%, to close at $31.40 per share on January 18, 2017.

If you were negatively impacted by your investment in Gigamon Inc securities between October 27, 2016 and January 17, 2017 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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