Noteworthy Price Action: Gigamon Inc’s Stock Is Buy After Making All-Time High

Noteworthy Price Action: Gigamon Inc's Stock Is Buy After Making All Time High

The stock of Gigamon Inc (NYSE:GIMO) reached all time high today, Nov, 14 and still has $71.18 target or 24.00% above today’s $57.40 share price. This indicates more upside for the $2.17 billion company. This technical setup was reported by Barchart.com. If the $71.18 PT is reached, the company will be worth $520.80 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 419,766 shares traded hands. Gigamon Inc (NYSE:GIMO) has risen 105.57% since April 12, 2016 and is uptrending. It has outperformed by 100.59% 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. Needham maintained it with “Buy” rating and $52 target price in Friday, July 29 report. The firm earned “Market Perform” rating on Thursday, October 6 by JMP Securities. As per Wednesday, October 5, the company rating was downgraded by Raymond James. The stock of Gigamon Inc (NYSE:GIMO) earned “Neutral” rating by DA Davidson on Wednesday, October 5. Needham maintained Gigamon Inc (NYSE:GIMO) rating on Monday, October 24. Needham has “Buy” rating and $58 price target. The stock of Gigamon Inc (NYSE:GIMO) has “Hold” rating given on Tuesday, August 30 by Stifel Nicolaus. The firm earned “Buy” rating on Thursday, October 13 by Bank of America. As per Wednesday, March 30, the company rating was initiated 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 fall, 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.
Spark Inv Mgmt Lc has 0.06% invested in the company for 17,500 shares. Principal Grp Inc last reported 7,475 shares in the company. Orinda Asset Mgmt Ltd Liability Corporation accumulated 0.14% or 4,198 shares. Goldman Sachs Group, a New York-based fund reported 108,038 shares. Bancorporation Of Montreal Can, a Ontario – Canada-based fund reported 362,979 shares. First Manhattan last reported 59,600 shares in the company. Morgan Stanley, a New York-based fund reported 111,326 shares. Credit Suisse Ag accumulated 75,669 shares or 0% of the stock. Susquehanna Int Gp Ltd Liability Partnership accumulated 32,811 shares or 0% of the stock. Gerstein Fisher holds 0.03% or 5,500 shares in its portfolio. Century Cap Mgmt Ltd Limited Liability Company owns 273,469 shares or 1.13% of their US portfolio. Ubs Asset Management Americas accumulated 690,458 shares or 0.03% of the stock. Amer Century Inc has 197,263 shares for 0.01% of their US portfolio. Royal Bank & Trust Of Canada last reported 0% of its portfolio in the stock. Moreover, Voloridge Investment Management Limited Com has 0.03% invested in Gigamon Inc (NYSE:GIMO) for 25,424 shares.

Insider Transactions: Since May 23, 2016, the stock had 0 buys, and 22 insider sales for $29.58 million net activity. On Wednesday, August 17 the insider BURNS MIKE sold $157,144. On Thursday, August 4 the insider Ho Ted C sold $2.92 million. 45,000 shares with value of $2.02 million were sold by Hooper Paul on Monday, August 1. $248,719 worth of Gigamon Inc (NYSE:GIMO) was sold by Wilke Helmut on Thursday, May 26. 132,978 shares were sold by Shinn Paul B, worth $6.08M. 3,818 shares were sold by Merchant Shehzad, worth $172,714 on Friday, August 19. Another trade for 4,457 shares valued at $138,430 was made by Sambandan Sachi on Wednesday, May 25.

Another recent and important Gigamon Inc (NYSE:GIMO) news was published by Fool.com 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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