Gigamon (GIMO) Earns Daily Media Impact Rating of 0.14

Media stories about Gigamon (NYSE:GIMO) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gigamon earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 45.3910826117584 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news stories that may have impacted Accern Sentiment’s scoring:

Shares of Gigamon (GIMO) opened at $38.60 on Friday. Gigamon has a 1-year low of $28.50 and a 1-year high of $61.25.

Gigamon (NYSE:GIMO) last issued its quarterly earnings results on Thursday, October 26th. The technology company reported $0.23 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.23. Gigamon had a negative return on equity of 0.55% and a negative net margin of 0.32%. The firm had revenue of $79.20 million during the quarter, compared to the consensus estimate of $84.73 million. During the same period last year, the business posted $0.36 EPS. The business’s revenue was down 5.1% compared to the same quarter last year. equities research analysts forecast that Gigamon will post -0.12 EPS for the current fiscal year.

GIMO has been the subject of several research analyst reports. DA Davidson upped their price target on shares of Gigamon from $40.00 to $41.00 and gave the stock a “neutral” rating in a report on Friday, July 28th. Stifel Nicolaus reiterated a “buy” rating and set a $48.00 price target on shares of Gigamon in a report on Sunday, July 30th. Needham & Company LLC set a $50.00 price target on shares of Gigamon and gave the stock a “buy” rating in a report on Saturday, July 29th. Dougherty & Co upgraded shares of Gigamon from a “neutral” rating to a “buy” rating and set a $50.00 price target for the company in a report on Monday, July 31st. Finally, BidaskClub upgraded Gigamon from a “sell” rating to a “hold” rating in a report on Wednesday, August 30th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $45.09.

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In other Gigamon news, Director Ted C. Ho sold 15,000 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $38.68, for a total transaction of $580,200.00. Following the completion of the sale, the director now directly owns 16,919 shares in the company, valued at approximately $654,426.92. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ted C. Ho sold 30,000 shares of the stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $42.63, for a total value of $1,278,900.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,000 shares of company stock valued at $3,786,900. Company insiders own 4.50% of the company’s stock.

Gigamon Company Profile

Gigamon Inc offers a solution that delivers visibility and control of data-in-motion traversing enterprise, federal and service provider networks. The Company’s Visibility Platform consists of a distributed system of nodes (that in combination establish a Visibility Fabric). 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.

Insider Buying and Selling by Quarter for Gigamon (NYSE:GIMO)

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