Facebook’s India User Base May Soon Overtake U.S. Market and Gigamon Lowers 1st Quarter Revenue Outlook
Facebook, Inc. (NASDAQ: FB) saw the social networking’s India market cross over 100 million users as of March 31st. India is getting closer to overtaking the U.S. as Facebook’s biggest market in terms of the number of active users. Now with over 100 million users as of March 31, India is now the only country where Facebook can aspire to have 1 billion users. Javier Olivan, vice-president, growth & analytics at Facebook said that getting 1 billion users in the country will be altogether a different challenge.
Facebook, Inc. operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications. The companys products include Facebook mobile app and Website that enable people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Messenger, a mobile-to-mobile messaging application available on iOS and Android phones; and Instagram, a mobile app and Website that enable people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends.
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Gigamon Inc. (NYSE: GIMO) has lowered its first quarter revenue outlook based on missing a large deal with an existing customer. Other transactions that were anticipated to close late in the quarter slipped into the second quarter. The company reduced its first quarter revenue view to $31M-$31.5M. The company had a previous outlook of $34M-$35M. Prior to Gigamon’s warning, analysts’ consensus revenue estimate was $34.8M. Pacific Crest downgraded Gigamon to Sector Perform from Outperform. Analyst Josh Beck said that the company's efforts to build out its international sales force are taking longer than the firm would have expected.
Gigamon Inc. designs, develops, and sells products and services that provide customers with visibility and control of network traffic for enterprises and services providers in the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers traffic visibility fabric solutions consisting of distributed network appliances, such as proprietary traffic selection, forwarding, manipulation, modification, de-duplication, correlation, and sampling capabilities. Its solutions enable IT organizations to forward traffic from network infrastructure to management, analysis, compliance, and security tools in a manner that is optimized for specific uses, functions, or locations.
Get more information on Gigamon Inc. free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/GIMO
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