The stock of Gigamon Inc (NYSE:GIMO) is a huge mover today! About 1.81M shares traded hands or 107.73% up from the average. Gigamon Inc (NYSE:GIMO) has risen 93.10% since March 2, 2016 and is uptrending. It has outperformed by 84.84% the S&P500.
The move comes after 7 months negative chart setup for the $1.83B company. It was reported on Oct, 5 by Barchart.com. We have $49.17 PT which if reached, will make NYSE:GIMO worth $91.50 million less.
Analysts await Gigamon Inc (NYSE:GIMO) to report earnings on October, 27. They expect $0.13 EPS, up 62.50% or $0.05 from last year’s $0.08 per share. GIMO’s profit will be $4.60M for 99.54 P/E if the $0.13 EPS becomes a reality. After $0.01 actual EPS reported by Gigamon Inc for the previous quarter, Wall Street now forecasts 1,200.00% EPS growth.
Gigamon Inc (NYSE:GIMO) Ratings Coverage
Out of 3 analysts covering Gigamon (NYSE:GIMO), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Gigamon has been the topic of 4 analyst reports since March 30, 2016 according to StockzIntelligence Inc. Stifel Nicolaus initiated the stock with “Hold” rating in Wednesday, March 30 report. The firm earned “Neutral” rating on Wednesday, October 5 by DA Davidson. Needham maintained the stock with “Buy” rating in Friday, July 29 report. The stock of Gigamon Inc (NYSE:GIMO) has “Hold” rating given on Tuesday, August 30 by Stifel Nicolaus.
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.
Navellier & Associates Inc has 0.05% invested in the company for 9,390 shares. American Capital has invested 0.45% of its portfolio in Gigamon Inc (NYSE:GIMO). Moreover, Hanseatic Mngmt Services has 0% invested in Gigamon Inc (NYSE:GIMO) for 23 shares. Redwood Limited Liability has 0.48% invested in the company for 140,855 shares. Raymond James And Assocs holds 0% or 6,950 shares in its portfolio. Pitcairn Co, a Pennsylvania-based fund reported 6,828 shares. Sylebra Hk Com accumulated 0.81% or 230,239 shares. Allianz Asset Ag has 0.01% invested in the company for 320,988 shares. Great West Life Assurance Co Can accumulated 1,611 shares or 0% of the stock. Peak6 Invests Lp has 8,215 shares for 0% of their US portfolio. Teacher Retirement Sys Of Texas holds 0% of its portfolio in Gigamon Inc (NYSE:GIMO) for 3,870 shares. Paradigm Asset Mgmt Llc holds 0% of its portfolio in Gigamon Inc (NYSE:GIMO) for 3,900 shares. Blackrock Institutional Tru Com Na last reported 878,818 shares in the company. Highland Prtnrs Vii last reported 100,000 shares in the company. Thompson Davis Incorporated holds 0.04% of its portfolio in Gigamon Inc (NYSE:GIMO) for 750 shares.
Insider Transactions: Since April 28, 2016, the stock had 0 buys, and 24 sales for $28.72 million net activity. $706,609 worth of Gigamon Inc (NYSE:GIMO) was sold by BURNS MIKE. Shares for $248,719 were sold by Wilke Helmut on Thursday, May 26. $3.25M worth of Gigamon Inc (NYSE:GIMO) was sold by Merchant Shehzad. $1.85M worth of Gigamon Inc (NYSE:GIMO) was sold by Ho Ted C on Tuesday, May 24. The insider Sambandan Sachi sold 4,457 shares worth $138,430. Hooper Paul sold 45,000 shares worth $2.02 million. $6.08 million worth of Gigamon Inc (NYSE:GIMO) was sold by Shinn Paul B.
More news for Gigamon Inc (NYSE:GIMO) were recently published by: Schaeffersresearch.com, which released: “Analyst Downgrades: Gigamon Inc, SunPower Corporation, and Weatherford …” on October 05, 2016. Prnewswire.com‘s article titled: “Gigamon Launches Innovative Incentive Program for GigaSECURE Resellers” and published on September 14, 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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