Gigamon Inc. (GIMO) Cut to “Neutral” at Dougherty & Co

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Gigamon Inc. logoDougherty & Co lower shares of Gigamon Inc. (NYSE:GIMO) from a purchase score to a impartial score in a report printed on Friday, October 27th, MarketBeat stories.

GIMO has been the topic of numerous different stories. ValuEngine upgraded Gigamon from a promote score to a maintain score in a badysis report on Friday, September 1st. Needham & Company LLC reiterated a purchase score and set a $50.00 goal value on shares of Gigamon in a badysis report on Thursday, August 31st. BidaskClub upgraded Gigamon from a promote score to a maintain score in a badysis report on Wednesday, August 30th. Stifel Nicolaus restated a purchase score and set a $48.00 value goal on shares of Gigamon in a badysis report on Tuesday, September 12th. Finally, JMP Securities downgraded Gigamon from an outperform score to a market carry out score in a badysis report on Friday, October sixth. One equities badysis badyst has rated the inventory with a promote score, eleven have issued a maintain score and one has issued a purchase score to the corporate’s inventory. Gigamon presently has a consensus score of Hold and a consensus value goal of $45.09.

Gigamon (NYSE:GIMO) traded up $Zero.60 throughout buying and selling on Friday, hitting $39.55. 1,593,038 shares of the inventory traded palms, in comparison with its common quantity of 1,575,296.

Gigamon (NYSE:GIMO) final launched its earnings outcomes on Thursday, October 26th. The expertise firm reported $Zero.23 earnings per share for the quarter, badembly badysts’ consensus estimates of $Zero.23. The agency had income of $79.20 million throughout the quarter, in comparison with the consensus estimate of $84.73 million. Gigamon had a adverse return on fairness of Zero.55% and a adverse internet margin of Zero.32%. The firm’s income was down 5.1% in comparison with the identical quarter final yr. During the identical interval within the prior yr, the corporate posted $Zero.36 EPS. sell-side badysts forecast that Gigamon will submit -Zero.12 earnings per share for the present fiscal yr.

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In different Gigamon information, insider Paul B. Shinn offered 2,706 shares of the inventory in a transaction dated Thursday, August 17th. The inventory was offered at a median value of $39.63, for a complete worth of $107,238.78. Following the completion of the transaction, the insider now straight owns 32,985 shares within the firm, valued at $1,307,195.55. The transaction was disclosed in a submitting with the Securities & Exchange Commission, which is obtainable by means of the SEC web site. Also, Director Ted C. Ho offered 30,000 shares of the inventory in a transaction dated Wednesday, September 20th. The shares have been offered at a median value of $42.99, for a complete worth of $1,289,700.00. Following the completion of the transaction, the director now owns 16,919 shares of the corporate’s inventory, valued at $727,347.81. The disclosure for this sale will be discovered right here. Insiders offered 122,706 shares of firm inventory valued at $5,144,239 over the past quarter. Corporate insiders personal four.50% of the corporate’s inventory.

Various institutional traders have lately purchased and offered shares of GIMO. Ameritas Investment Partners Inc. purchased a brand new place in Gigamon within the first quarter valued at about $100,000. Cubist Systematic Strategies LLC acquired a brand new stake in shares of Gigamon within the second quarter valued at about $100,000. Creative Planning elevated its stake in shares of Gigamon by 16.three% within the second quarter. Creative Planning now owns four,070 shares of the expertise firm’s inventory valued at $160,000 after shopping for a further 570 shares throughout the interval. Pinebridge Investments L.P. acquired a brand new stake in shares of Gigamon within the second quarter valued at about $162,000. Finally, LS Investment Advisors LLC acquired a brand new stake in shares of Gigamon within the second quarter valued at about $172,000. Hedge funds and different institutional traders personal 99.11% of the corporate’s inventory.

Gigamon Company Profile

Gigamon Inc provides an answer that delivers visibility and management of data-in-motion traversing enterprise, federal and repair supplier networks. The Company’s Visibility Platform consists of a distributed system of nodes (that together set up a Visibility Fabric). The Visibility Platform consists of bodily home equipment and digital nodes that may be deployed in information facilities, central workplaces, virtualized/personal cloud/public cloud environments, and small form-factor distant website home equipment, which together allow pervasive visibility of community infrastructures.

Analyst Recommendations for Gigamon (NYSE:GIMO)

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