GIMO and other updates
Gigamon issued an early earnings and revenue update last night. The company is going to miss it’s 4th quarter revenue projections by about $5 million dollars or 7%. We are still looking at big year-over-year revenue and earnings growth for 2016 and for 2017. Mind you $GIMO does not expect to recognize revenue from their partnership with Amazon Web Services in 2017, but I do expect near year end that $AMZN and $GIMO will be looking at real business together. Regardless, I do expect 30% topline growth this year without any contribution from Amazon. I plan on buying another 1/3 tranche early next week or so after the stock settles down a bit.
I am on a train headed from Boston to New York City this morning. I’ll have lots of updates and analysis to share with you from trip meeting the co-owners of professional sports teams, restaurant owners, venture capital and private equity guys, and much more. And that was just in Boston.
Stepping back and quickly discussing the markets for a moment, I continue to think that patience and a “Steady Betty”approach is the right one for now. You guys know I will get absolutely aggressive or absolutely defensive when I think we need to. But for now, I don’t see the markets as particularly attractive or scary right now.
I won’t be able to do the Q&A today as I will be in meetings in New York City all day. If you have questions be sure to post them in the Chat Room or email to support@tradingwithcody.com and I’ll get them answered for you.
