Sailing-Winds of change for America's Cup in Bermuda Triangle
HAMILTON, Bermuda, June 24 Mystery surrounds what next for the America's Cup if New Zealand win sailing's most prestigious prize in Bermuda next week.
Gigamon Inc (GIMO.N), which makes network traffic management software, estimated lower-than-expected first-quarter revenue, blaming cancellation of a large contract and delays in closing some contracts.
The company's shares fell as much as 21 percent in trading after the bell on Monday.
Gigamon forecast revenue of between $31 million and $31.5 million, below analysts' average expectation of $34.8 million, according to Thomson Reuters I/B/E/S.
The company previously forecast revenue of $34.0 million-$35.0 million.
Santa Clara, California-based Gigamon said it took a $2.3 million inventory charge related to cancellation of the EMEA contract.
The company will report first-quarter results on April 24 after market closes.
Gigamon's shares closed at $26.20 on the New York Stock Exchange.
(Reporting By Lehar Maan in Bangalore; Editing by Sriraj Kalluvila)
June 23 The U.S. Marine Corps said on Friday it resumed flight operations for Lockheed Martin Corp's F-35B fighter jets after temporarily suspended operations a day ago because of software problems.