Gigamon (GIMO) Shares are Up 2.24%

Gigamon (GIMO) : Traders are bullish on Gigamon (GIMO) as it has outperformed the S&P 500 by a wide margin of 23.73% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.07%, 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 2.24% in the last 1 week, and is up 23.06% 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 9.52% and the 50-Day Moving Average is 17.22%.The 200 Day SMA reached 61.07%

Gigamon

Gigamon (NYSE:GIMO): The stock opened in the green at $55.02 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $55.68 and a low of $54.36 for the day. The stock did not find buyers even at the lows and closed at $54.8 recording a loss of -0.53%. 841,511 shares exchanged hands during the trading day. The stock had closed at $54.8 in the previous days trading.

Gigamon (GIMO) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $54 and the lowest price target forecast is $48. The average forecast of all the analysts is $51.4 and the expected standard deviation is $2.41.

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.

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