Stock Mover of the Day: After Achieving All Time High, Is Gigamon Inc’s Near-Term Analysis Positive?

Stock Mover of the Day: After Achieving All Time High, Is Gigamon Inc's Near Term Analysis Positive?

The stock of Gigamon Inc (NYSE:GIMO) reached all time high today, Oct, 28 and still has $65.98 target or 20.00% above today’s $54.98 share price. This indicates more upside for the $1.84 billion company. This technical setup was reported by Barchart.com. If the $65.98 PT is reached, the company will be worth $368.00M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 3.27 million shares traded hands or 272.19% up from the average. Gigamon Inc (NYSE:GIMO) has risen 53.68% since March 28, 2016 and is uptrending. It has outperformed by 48.97% the S&P500.

Gigamon Inc (NYSE:GIMO) Ratings Coverage

Out of 6 analysts covering Gigamon (NYSE:GIMO), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. Gigamon has been the topic of 8 analyst reports since March 30, 2016 according to StockzIntelligence Inc. The rating was downgraded by DA Davidson on Wednesday, October 5 to “Neutral”. Needham maintained Gigamon Inc (NYSE:GIMO) on Friday, July 29 with “Buy” rating. Needham maintained it with “Buy” rating and $58 target price in Monday, October 24 report. The stock of Gigamon Inc (NYSE:GIMO) earned “Hold” rating by Stifel Nicolaus on Tuesday, August 30. The stock has “Buy” rating given by Bank of America on Thursday, October 13. The stock of Gigamon Inc (NYSE:GIMO) earned “Hold” rating by Stifel Nicolaus on Wednesday, March 30. JMP Securities initiated the stock with “Market Perform” rating in Thursday, October 6 report. The firm has “Mkt Perform” rating by Raymond James given on Wednesday, October 5.

According to Zacks Investment Research, “Gigamon Inc. is engaged in providing intelligent Traffic Visibility solutions for enterprises, data centers and service providers. Its products consist of GigaVUE, GigaSECURE, GigaSMART and GigaTAP products. The Company’s fabric enables information technology organizations to forward traffic from network infrastructure to management, analysis, and compliance and security tools. It has operations primarily in the United States, the rest of North America, Europe, the Middle East, Africa, and the Asia Pacific. Gigamon Inc. is headquartered in Milpitas, California.”

Insitutional Activity: The institutional sentiment decreased to 1.18 in 2016 Q2. Its down 0.12, from 1.3 in 2016Q1. The ratio dropped, as 24 funds sold all Gigamon Inc shares owned while 60 reduced positions. 35 funds bought stakes while 64 increased positions. They now own 27.20 million shares or 0.57% less from 27.35 million shares in 2016Q1.
Barclays Pcl last reported 0% of its portfolio in the stock. Argent Mngmt Limited Liability has 38,950 shares for 0.07% of their US portfolio. Schwab Charles Invest, a California-based fund reported 98,960 shares. Pier Capital Limited Liability has 1.48% invested in the company for 216,684 shares. Spark Invest Mngmt Ltd last reported 17,500 shares in the company. Neuberger Berman Group Inc Ltd Liability Company last reported 0% of its portfolio in the stock. Acadian Asset Mngmt Limited Liability has 528,345 shares for 0.1% of their US portfolio. The Pennsylvania-based Emerald Mutual Fund Advisers Tru has invested 0.98% in Gigamon Inc (NYSE:GIMO). Gerstein Fisher owns 5,500 shares or 0.03% of their US portfolio. Nationwide Fund Advisors holds 0% of its portfolio in Gigamon Inc (NYSE:GIMO) for 21,322 shares. Ameriprise Fincl last reported 0% of its portfolio in the stock. Millennium Mngmt Ltd Liability Company last reported 0.06% of its portfolio in the stock. Bnp Paribas Arbitrage Sa has 1,268 shares for 0% of their US portfolio. The New York-based Goldman Sachs Group Inc has invested 0% in Gigamon Inc (NYSE:GIMO). Ao Asset Mngmt Ltd Llc last reported 5.42% of its portfolio in the stock.

Insider Transactions: Since May 2, 2016, the stock had 0 insider buys, and 23 sales for $28.11 million net activity. BURNS MIKE sold 1,000 shares worth $52,100. On Thursday, August 4 Ho Ted C sold $2.92 million worth of the stock or 65,000 shares. $964,999 worth of Gigamon Inc (NYSE:GIMO) was sold by Hooper Paul on Monday, May 2. Merchant Shehzad sold $3.25M worth of stock or 72,763 shares. Shinn Paul B also sold $6.08M worth of Gigamon Inc (NYSE:GIMO) shares. Sambandan Sachi sold $138,430 worth of stock. 4,000 shares were sold by Wilke Helmut, worth $180,950.

More recent Gigamon Inc (NYSE:GIMO) news were published by: Fool.com which released: “Why Gigamon Inc. Stock Spiked Today” on October 28, 2016. Also Seekingalpha.com published the news titled: “Gigamon +18%; strong Q3 posted, continued growth forecasted” on October 28, 2016. Benzinga.com‘s news article titled: “Benzinga’s Volume Movers” with publication date: October 28, 2016 was also an interesting one.

GIMO Company Profile

Gigamon Inc., incorporated on January 2, 2009, offers solutions that deliver visibility and control of traffic across networks. The Company’s Visibility Fabric solution consists of a distributed system of nodes that enable a level of visibility, modification and control of network traffic. The Visibility Fabric solution is consisted of data center and central office physical appliances, virtual nodes in virtualized or private cloud environments and small form-factor remote site appliances that enable pervasive visibility of network infrastructures. The Company’s Visibility Fabric enables organizations to improve their cyber-security posture by leveraging the power of network visibility to establish visibility within the perimeter of their information technology (IT) infrastructure; mobile service providers to gain visibility into their IT infrastructure enabling them to reduce operational costs, and provide services for the subscribers, and IT departments to enhance the performance of their network management, analysis and compliance tools. The Visibility Fabric is deployed using its GigaVUE family of products. It has presence in the United States; Rest of Americas; Europe, Middle East and Africa, and Asia Pacific.

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