Gigamon (GIMO) : Traders are bullish on Gigamon (GIMO) as it has outperformed the S&P 500 by a wide margin of 17.11% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 14.33%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 14.94% in the last 1 week, and is up 14.74% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 13.62% and the 50-Day Moving Average is 17.55%.The 200 Day SMA reached 58.4% Gigamon Inc. is up 47.86% in the last 3-month period. Year-to-Date the stock performance stands at 94.88%.
Gigamon (GIMO) : Average target price received by Gigamon (GIMO) is $51 with an expected standard deviation of $2.58. The most aggressive target on the stock is $54, whereas the most downbeat target is $48. 4 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. Gigamon (NYSE:GIMO): The stock opened at $50.71 and touched an intraday high of $51.85 on Friday. During the day, the stock corrected to an intraday low of $50.52, however, the bulls stepped in and pushed the price higher to close in the green at $51.78 with a gain of 1.91% for the day. The total traded volume for the day was 1,358,842. The stock had closed at $51.78 in the previous trading session.
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.