The Gigamon Inc (GIMO) Receives Consensus Rating of “Hold” from Analysts

The Gigamon Inc (GIMO) Receives Consensus Rating of “Hold” from Analysts

A number of equities research analysts have recently issued reports on the stock. FBN Securities started coverage on shares of Gigamon in a report on Thursday, March 16th. They set an “outperform” rating and a $40.00 price target on the stock. JMP Securities upgraded shares of Gigamon from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research note on Friday, March 17th. Vetr lowered shares of Gigamon from a “strong-buy” rating to a “hold” rating and set a $42.50 price objective on the stock. in a research note on Monday, May 8th. Needham & Company LLC dropped their price objective on shares of Gigamon from $38.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, April 28th. Finally, Stifel Nicolaus upgraded shares of Gigamon from a “hold” rating to a “buy” rating and upped their price objective for the company from $30.00 to $42.00 in a research note on Thursday, April 20th. They noted that the move was a valuation call.

Shares of Gigamon Inc (NYSE:GIMO) have been assigned an average rating of “Hold” from the seventeen analysts that are currently covering the firm, MarketBeat reports. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $39.72.

In other Gigamon news, Director Ted C. Ho sold 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $30.74, for a total value of $1,844,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Sachi Sambandan sold 10,779 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $40.31, for a total transaction of $434,501.49. Following the sale, the vice president now directly owns 79,160 shares of the company’s stock, valued at $3,190,939.60. The disclosure for this sale can be found here. Insiders sold 148,964 shares of company stock valued at $4,990,898 over the last three months. Insiders own 9.66% of the company’s stock. Several hedge funds have recently bought and sold shares of the company. BlackRock Japan Co. Ltd increased its stake in Gigamon by 15.1% in the third quarter. BlackRock Japan Co. Ltd now owns 2,003 shares of the technology company’s stock valued at $110,000 after buying an additional 263 shares in the last quarter. US Bancorp DE increased its stake in Gigamon by 15.4% in the third quarter. US Bancorp DE now owns 2,619 shares of the technology company’s stock valued at $144,000 after buying an additional 349 shares in the last quarter. Advantage Investment Management LLC purchased a new stake in Gigamon during the fourth quarter valued at about $126,000. Ameritas Investment Partners Inc. purchased a new stake in Gigamon during the first quarter valued at about $100,000. Finally, Advisor Group Inc. increased its stake in Gigamon by 2.0% in the third quarter. Advisor Group Inc. now owns 3,064 shares of the technology company’s stock valued at $167,000 after buying an additional 61 shares in the last quarter. 83.97% of the stock is owned by institutional investors and hedge funds.

In other Gigamon news, Director Ted C. Ho sold 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $30.74, for a total value of $1,844,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Sachi Sambandan sold 10,779 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $40.31, for a total transaction of $434,501.49. Following the sale, the vice president now directly owns 79,160 shares of the company’s stock, valued at $3,190,939.60. The disclosure for this sale can be found here. Insiders sold 148,964 shares of company stock valued at $4,990,898 over the last three months. Insiders own 9.66% of the company’s stock. Gigamon (NYSE GIMO) opened at 39.30 on Monday. Gigamon has a 52 week low of $28.50 and a 52 week high of $61.25. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 33.48 and a beta of 1.56. The company has a 50 day moving average price of $36.96 and a 200 day moving average price of $39.56.

Gigamon (NYSE:GIMO) last released its quarterly earnings results on Thursday, April 27th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.02. Gigamon had a net margin of 15.90% and a return on equity of 6.57%. The business had revenue of $69.60 million for the quarter, compared to analyst estimates of $68.77 million. During the same quarter in the previous year, the business earned $0.22 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. Analysts expect that Gigamon will post $0.69 EPS for the current fiscal year. Gigamon Company Profile

Gigamon Inc offers a solution that delivers visibility and control of data-in-motion traversing enterprise, federal and service provider networks. The Company’s Visibility Platform consists of a distributed system of nodes (that in combination establish a Visibility Fabric). The Visibility Platform includes physical appliances and virtual nodes that can be deployed in data centers, central offices, virtualized/private cloud/public cloud environments, and small form-factor remote site appliances, which in combination enable pervasive visibility of network infrastructures.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “GIMO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”}); Receive News & Ratings for Gigamon Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Gigamon Inc and related companies with our FREE daily email newsletter.

Gigamon Inc offers a solution that delivers visibility and control of data-in-motion traversing enterprise, federal and service provider networks. The Company’s Visibility Platform consists of a distributed system of nodes (that in combination establish a Visibility Fabric). The Visibility Platform includes physical appliances and virtual nodes that can be deployed in data centers, central offices, virtualized/private cloud/public cloud environments, and small form-factor remote site appliances, which in combination enable pervasive visibility of network infrastructures.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “GIMO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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