Tech Stocks in Hub; Gigamon Inc (GIMO), AU Optronics (AUO)
Shares of Gigamon Inc (NYSE:GIMO) ended Thursday session in red amid volatile trading. The shares closed down -0.25 points or -0.49% at $50.64 with 370,569.00 shares getting traded. Post opening the session at $50.59, the shares hit an intraday low of $49.97 and an intraday high of $50.71 and the price vacillated in this range throughout the day. The company has a market cap of $1.80 billion and the numbers of outstanding shares have been calculated to be 35.28 million shares.
Gigamon Inc (GIMO) announced the availability of GigaVUE-HC1, which expands the reach of the GigaSECURE® Security Delivery Platform from large data centers to small enterprises and remote sites in distributed enterprises. The solution delivers pervasive visibility across distributed enterprises and enables improved effectiveness of existing security technologies. Service providers can gain real-time visibility at remote sites to provide expanded service assurance and add-on experiences to their subscribers.
Network security operations is evolving and becoming more difficult to implement. According to a recent Enterprise Strategy Group (ESG) survey sponsored by Gigamon, 85 percent of surveyed respondents reported that the complexity of network security operations is as difficult, or more difficult, as it was two years ago, primarily due to increased traffic, more connected devices on the network and diversity of network and security technologies used to address emerging and known security threats. 75 percent of surveyed organizations felt their network visibility could be improved.
Shares of AU Optronics Corp (ADR) (NYSE:AUO) ended Thursday session in green amid volatile trading. The shares closed up +0.04 points or 1.07% at $3.77 with 369,063.00 shares getting traded. Post opening the session at $3.74, the shares hit an intraday low of $3.74 and an intraday high of $3.80 and the price vacillated in this range throughout the day. The company has a market cap of $3.72 billion and the numbers of outstanding shares have been calculated to be 9.62 billion shares.
AU Optronics Corp (ADR) (AUO) develops, produces, and sells thin film transistor liquid crystal displays and other flat panel displays. The company operates through two segments, Display and Solar. The Display segment designs, develops, manufactures, assembles, and markets flat panel displays for use in televisions; desktop monitors; mobile PCs, such as notebooks and tablets; mobile phones; and commercial and other applications, including displays for automobiles, industrial PCs, automated teller machines, point of sale terminals, pachinko machines, and others. It sells its panels to original equipment manufacturing service providers; and brand companies.