Gigamon Lowers 1st Quarter Outlook after Missed Deal; eBay Same-store Sales Increased in March

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04/09/2014 [ACCESSWIRE]

Gigamon Inc. (NYSE: GIMO) – For an in-depth report on Gigamon Inc. follow:

Shares of GIMO closed down 33.93% on about 8.6 million shares on Tuesday. The stock was one of the biggest decliners on the NYSE and hit a new 52-week low of $17.20 during intra-day trading. The company lowered its first quarter revenue outlook based on missing out on a deal with an existing customer. The company reduced its first quarter revenue view to $31M-$31.5M from its previous outlook of $34M-$35M.

eBay Inc. (NASDAQ: EBAY) - For an in-depth report on eBay Inc. follow:

Shares of EBAY closed up 3.49% on about 18.8 million shares traded. The stock was one of the most active stocks on the NASDAQ. A ChannelAdvisor report revealed that same-store sales increased in the month of March. According to the report eBay's SSS came in at 17.8%, up from 15% in January. Auction sales were down 10% year-over-year according to the report. Fixed-price sales grew 21.5% year-over-year, however, and is the strongest FP growth seen since March 2013.

First Solar, Inc. (NASDAQ: FSLR) - For an in-depth report on First Solar, Inc. follow:

Shares of FSLR closed up 7.01% on about 6.8 million shares traded. The stock was one of the biggest gainers on the NASDAQ. Citigroup recently raised the price target for the company to $87 from $63. Analyst Shahriar Pourreza reiterated a "buy" rating for the stock.

AV1 Group, Inc. (OTC: AVOP) – For an in-depth report on AV1 Group, Inc. follow:

Shares of AVOP saw a huge breakout on Tuesday closing up 600% on 1.3 billion shares traded. The stock was one of the biggest gainers in the OTC market. Earlier this week the company approved a friendly takeover by the Marijuana Incubator Group, Inc., an early contender in the rapidly evolving newly legalized Cannabis industry, in the interest of its shareholders and growth potential.


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