The stock of Gigamon Inc (NYSE:GIMO) is a huge mover today! About 1.29M shares traded hands or 67.40% up from the average. Gigamon Inc (NYSE:GIMO) has risen 91.09% since April 27, 2016 and is uptrending. It has outperformed by 85.86% the S&P500.
The move comes after 6 months negative chart setup for the $1.87 billion company. It was reported on Nov, 30 by Barchart.com. We have $49.48 PT which if reached, will make NYSE:GIMO worth $130.90 million less.
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 $6.68 million for 70.00 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. The stock has “Buy” rating given by Bank of America on Thursday, October 13. DA Davidson downgraded the shares of GIMO in a report on Wednesday, October 5 to “Neutral” rating. As per Wednesday, March 30, the company rating was initiated by Stifel Nicolaus. Raymond James downgraded the stock to “Mkt Perform” rating in Wednesday, October 5 report. JMP Securities initiated the stock with “Market Perform” rating in Thursday, October 6 report. Needham maintained Gigamon Inc (NYSE:GIMO) rating on Monday, October 24. Needham has “Buy” rating and $58 price target. Stifel Nicolaus initiated the stock with “Hold” rating in Tuesday, August 30 report. Needham maintained Gigamon Inc (NYSE:GIMO) on Friday, July 29 with “Buy” 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 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.
Blackrock Advsr Ltd Limited Liability Company reported 164,234 shares or 0.01% of all its holdings. The Kansas-based Creative Planning has invested 0% in Gigamon Inc (NYSE:GIMO). Da Davidson And Com holds 0% or 840 shares in its portfolio. Farmers & Merchants Invests accumulated 0% or 197 shares. Wellington Llp holds 0.01% of its portfolio in Gigamon Inc (NYSE:GIMO) for 685,911 shares. National Bank Of Nova Scotia, a Ontario – Canada-based fund reported 6,015 shares. Fiera Capital accumulated 0.04% or 203,688 shares. Geode Capital Mgmt Ltd holds 199,248 shares or 0% of its portfolio. The Texas-based United Services Automobile Association has invested 0.02% in Gigamon Inc (NYSE:GIMO). Emerald Advisers Pa holds 0.81% or 448,122 shares in its portfolio. Paradigm Asset Mngmt Limited Liability Corporation owns 3,900 shares or 0% of their US portfolio. Elk Creek Prtnrs Ltd Company reported 221,300 shares or 0.6% of all its holdings. Navellier Associate reported 9,390 shares or 0.05% of all its holdings. First Lp holds 61,034 shares or 0.01% of its portfolio. Alyeska Inv Gru Ltd Partnership holds 0.14% or 378,134 shares in its portfolio.
Insider Transactions: Since June 9, 2016, the stock had 0 insider purchases, and 20 insider sales for $28.35 million net activity. Shares for $706,609 were sold by BURNS MIKE on Thursday, June 9. 3,818 Gigamon Inc (NYSE:GIMO) shares with value of $172,714 were sold by Merchant Shehzad. Hooper Paul also sold $2.02M worth of Gigamon Inc (NYSE:GIMO) shares. Wilke Helmut had sold 5,000 shares worth $288,385. 60,000 shares with value of $2.76M were sold by Ho Ted C on Thursday, September 8. $6.08 million worth of Gigamon Inc (NYSE:GIMO) was sold by Shinn Paul B on Thursday, August 11.
More news for Gigamon Inc (NYSE:GIMO) were recently published by: Fool.com, which released: “Why Gigamon Inc. Stock Spiked Today” on October 28, 2016. Fool.com‘s article titled: “Why Gigamon Inc Shares Spiked Today” and published on July 29, 2016 is yet another important article.
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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