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Moody's Investors Service ("Moody's") affirmed Gigamon Inc.'s ratings including the B3 Corporate Family Rating and revised its outlook to stable from positive. The outlook revision is driven by the delay in meeting leverage and cash flow targets incorporated in the positive outlook. The B3 Corporate Family rating is driven by the very high leverage and weak cash flow.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Gigamon Inc. New York, April 04, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Gigamon Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Company to Demonstrate GigaSECURE® Security Delivery Platform and How It Makes Threats More Visible and Maximizes Security and Network Performance SANTA CLARA, Calif. , June 1, 2018 /PRNewswire/ -- Gigamon, ...