Top Stock 2017: Gigamon
01/10/2017 6:00 am EST
Organizations are increasingly moving mission-critical applications and workloads to the cloud, a megatrend that will remain in full force in 2017, asserts Rob DeFrancesco, editor of Tech-Stock Prospector.
Gigamon (GIMO) — my Top Pick among small cap growth stocks — is one networking solutions vendor primed to continue to benefit from the cloud, and Wall Street might very well be underestimating its growth potential.
Gigamon’s marketing mantra is the network is getting more complex and risky, so pervasive visibility is a necessity for mitigating that complexity and reducing overall vulnerabilities.
The company has seen a lot of success in security, where its visibility platform is now considered a prerequisite to be used in conjunction with detection and protection solutions.
More than 80% of Gigamon’s federal business is directly related to cybersecurity initiatives.
In November, Gigamon debuted its data-in-motion platform for the cloud, which will enable organizations to accelerate the migration of their existing applications and workloads to the popular Amazon Web Services (AWS) cloud platform, while gaining greater visibility into network traffic.
To meet security and compliance mandates associated with the cloud, organizations need to have the visibility to perform proactive content inspection for intrusion detection, malware analysis, data loss prevention and customer experience management.
The AWS-focused solution will help Gigamon better serve small and mid-market enterprises, which tend to be big users of public and hybrid clouds. Customers have the ability to consolidate and distribute traffic to multiple security tools for enhanced performance.