Price Action To Observe: Gigamon Inc on Focus After Trading At All-Time Highs

Price Action To Observe: Gigamon Inc on Focus After Trading At All Time Highs

The stock of Gigamon Inc (NYSE:GIMO) reached all time high today, Nov, 25 and still has $63.18 target or 4.00% above today’s $60.75 share price. This indicates more upside for the $2.19 billion company. This technical setup was reported by If the $63.18 PT is reached, the company will be worth $87.60 million 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 51,088 shares traded hands. Gigamon Inc (NYSE:GIMO) has risen 90.87% since April 22, 2016 and is uptrending. It has outperformed by 85.46% the S&P500.

Analysts await Gigamon Inc (NYSE:GIMO) to report earnings on January, 26. They expect $0.19 EPS, up 58.33% or $0.07 from last year’s $0.12 per share. GIMO’s profit will be $6.85 million for 79.93 P/E if the $0.19 EPS becomes a reality. After $0.16 actual EPS reported by Gigamon Inc for the previous quarter, Wall Street now forecasts 18.75% EPS growth.

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. Needham maintained it with “Buy” rating and $52 target price in Friday, July 29 report. Needham maintained the stock with “Buy” rating in Monday, October 24 report. DA Davidson downgraded the stock to “Neutral” rating in Wednesday, October 5 report. The rating was initiated by JMP Securities on Thursday, October 6 with “Market Perform”. Stifel Nicolaus initiated Gigamon Inc (NYSE:GIMO) on Wednesday, March 30 with “Hold” rating. As per Thursday, October 13, the company rating was upgraded by Bank of America. The stock of Gigamon Inc (NYSE:GIMO) has “Mkt Perform” rating given on Wednesday, October 5 by Raymond James. Stifel Nicolaus initiated the shares of GIMO in a report on Tuesday, August 30 with “Hold” rating.

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 1.14 in Q2 2016. Its down 0.04, from 1.18 in 2016Q1. The ratio dived, 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.
Blackrock Gp Inc Limited, a United Kingdom-based fund reported 31,180 shares. Invesco Ltd last reported 51,269 shares in the company. Paradigm Asset Co Ltd Co holds 0% of its portfolio in Gigamon Inc (NYSE:GIMO) for 3,900 shares. Blackrock Fund Advsrs reported 774,665 shares or 0.01% of all its holdings. Ubs Asset Americas has 690,458 shares for 0.03% of their US portfolio. Metropolitan Life Insurance Ny reported 23,406 shares or 0.01% of all its holdings. Manufacturers Life Ins Company The, a Ontario – Canada-based fund reported 21,976 shares. The Massachusetts-based Redwood Lc has invested 0.48% in Gigamon Inc (NYSE:GIMO). Moreover, Ameriprise Fincl has 0% invested in Gigamon Inc (NYSE:GIMO) for 38,088 shares. Millennium Mngmt Ltd has 689,901 shares for 0.06% of their US portfolio. Pier Lc holds 1.48% of its portfolio in Gigamon Inc (NYSE:GIMO) for 216,684 shares. The Massachusetts-based Massachusetts Svcs Comm Ma has invested 0% in Gigamon Inc (NYSE:GIMO). Amer Int Inc accumulated 0% or 18,710 shares. First Tru Advsr Lp accumulated 61,034 shares or 0.01% of the stock. Us State Bank De holds 0% or 2,270 shares in its portfolio.

Insider Transactions: Since May 26, 2016, the stock had 0 insider buys, and 20 insider sales for $28.35 million net activity. Shares for $706,609 were sold by BURNS MIKE. $288,385 worth of Gigamon Inc (NYSE:GIMO) was sold by Wilke Helmut. Shares for $2.92M were sold by Ho Ted C. 18,169 shares were sold by Merchant Shehzad, worth $1.04 million on Tuesday, November 15. 132,978 Gigamon Inc (NYSE:GIMO) shares with value of $6.08M were sold by Shinn Paul B. Hooper Paul sold $2.02M worth of stock or 45,000 shares. 14,400 shares were sold by Sambandan Sachi, worth $446,820.

Another recent and important Gigamon Inc (NYSE:GIMO) news was published by which published an article titled: “Why Gigamon Inc. Stock Spiked Today” on October 28, 2016.

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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