Impact of Brokerage Rating on Gigamon Inc.(GIMO)

Many Gigamon Inc.(GIMO) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Gigamon Inc was Reiterated by Needham on Feb 3, 2017 to Buy, Lowers Price Target to $ 38 from a previous price target of $48 .Gigamon Inc was Downgraded by BofA/Merrill to Neutral on Feb 3, 2017. Gigamon Inc was Reiterated by Stifel on Jan 18, 2017 to Hold, Lowers Price Target to $ 40 from a previous price target of $53 .Gigamon Inc was Reiterated by Needham on Jan 18, 2017 to Buy, Lowers Price Target to $ 48 from a previous price target of $58 .Gigamon Inc was Initiated by Dougherty & Company on Dec 21, 2016 to Buy, Price Target of the shares are set at $58.

Company has reported several Insider transactions to the SEC, on Feb 8, 2017, Ted C Ho (director) sold 60,000 shares at 31.75 per share price.On Nov 18, 2016, Helmut Wilke (Sr. VP Worldwide Sales) sold 5,000 shares at 57.68 per share price.On Nov 18, 2016, Paul B Shinn (Chief Legal Officer & SVP) sold 3,273 shares at 58.38 per share price.

Gigamon Inc Last issued its quarterly earnings results on Feb 2, 2017. The company reported $0.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.36. The company had revenue of $85.03 million for the quarter, compared to analysts expectations of $84.63 million. The companys revenue was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.

Gigamon Inc. (NYSE:GIMO) has received a short term rating of strong sell from experts at Zacks with a rank of 5. The stock has been rated an average of 2.25 by 8 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 4 Brokerage Firms have advised hold.

Gigamon Inc. (NYSE:GIMO) should head towards $36.3 per share according to 5 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $30 per share. The higher price estimate target is at $48 according to the Analysts.

Gigamon Inc. (NYSE:GIMO) rose 1.65% or 0.55 points on Tuesday and made its way into the gainers of the day. After trading began at $33.25 the stock was seen hitting $34.2 as a peak level and $33.05 as the lowest level. The stock ended up at $33.95. The daily volume was measured at 1,148,488 shares. The 52-week high of the share price is $61.25 and the 52-week low is $22.54. The company has a market cap of $1,227 million.

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 Companys 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.


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