Gigamon Inc. (NYSE:GIMO):
Gigamon Named Market Leader in IHS Markit Report.
In the market the company is trading up from yesterday’s close of $39.55.
Gigamon Inc., launched on January 2, 2009, offers a solution that delivers visibility and control of data-in-motion traversing enterprise, federal and service provider networks. The Business’s Visibility Platform consists of a distributed system of nodes (that in combination establish a Visibility Fabric) enabling a level of visibility, modification and control of network traffic. The Visibility Platform includes physical appliances and virtual nodes that can be deployed in data centers, central offices, virtualized/private cloud/public cloud environments, and small form-factor remote site appliances, which in combination enable pervasive visibility of network infrastructures. The Business’s GigaSECURE Security Delivery Platform enables security teams and information technology (IT) personnel to gain visibility into their IT infrastructure by forwarding selected traffic of interest from network, server and remote location infrastructure to security, management, analysis and compliance tools in a manner that is optimized for specific uses or functions..
Shares last traded at $39.90 a tad above $39.65, the stock’s 50 day moving average and barely above the 200 day moving average of $37.71. The 50 day moving average was up $0.30 or +0.75% and the 200 day average went up $2.24 or +5.94%.
The company’s P/E ratio is 34.03 and market capitalization is 1.47B. In the latest earnings report the EPS was $1.17 and is expected to be $0.69 for the current year with 36,740,000 shares outstanding. Next quarter’s EPS is forecasted at $0.19 and the next full year EPS is anticipated to be $1.02.
Investment analysts have weighed in on Gigamon Inc.. On December 9 the stock rating was upgraded from “Neutral” to “Buy” by analysts at DA Davidson. On October 13 the company was upgraded to “Buy” from “Underperform” and a price target of $61.00 was set in a statement from Bank of America.
Equity analyst starting coverage on GIMO by announcing an initial rating of “Market Perform”. On October 6, 2016 JMP Securities began coverage of the stock with an initial rating of “Neutral”.
On October 5, 2016 the stock rating was changed to a “Neutral” in a report from DA Davidson down from the previous “Buy” rating. On October 5 the stock rating was downgraded from “Outperform” to “Market Perform” in a report issued by Raymond James.