Gigamon (NYSE:GIMO) : The consensus on Gigamon (NYSE:GIMO) based on 5 analyst recommendation on the company stock is 1.6, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Gigamon (NYSE:GIMO) stock is expected to deviate a maximum of $6.75 from the average target price of $41.25 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $50 and the most muted being $35.
For the current week, the company shares have a recommendation consensus of Buy.
Gigamon (NYSE:GIMO): stock turned positive on Tuesday. Though the stock opened at $35.72, the bulls momentum made the stock top out at $36.2 level for the day. The stock recorded a low of $34.93 and closed the trading day at $35.49, in the green by 0.06%. The total traded volume for the day was 699,344. The stock had closed at $35.47 in the previous days trading.
In an insider trading activity, Burns Mike, officer (Chief Financial Officer) of Gigamon Inc., unloaded 2,068 shares at an average price of $37.27 on June 22, 2016. The total amount of the transaction was worth $77,074, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Gigamon Inc. offers a solution that delivers visibility and control of traffic across networks. The Companys Unified Visibility Fabric solution consists of a distributed system of nodes (or a Fabric) that enables a level of visibility, modification and control of network traffic. The Visibility Fabric spans physical appliances, virtual nodes and traffic from remote sites to enable visibility of network infrastructures. Its Fabric enables IT organizations to gain visibility into infrastructure by forwarding selected traffic of interest from network and server infrastructure to management, analysis, compliance and security tools. Its product offering includes a single product family comprising its GigaVUE, GigaSECURE, GigaSMART and GigaTAP products. Its GigaSMART platform provides a range of software applications to modify, manipulate, transform, filter, correlate and sample network traffic.