Press coverage about Gigamon (NYSE:GIMO) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gigamon earned a news impact score of 0.24 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 46.8960382427436 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

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

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

A number of equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Gigamon from a “hold” rating to a “buy” rating in a research report on Thursday, September 14th. Needham & Company LLC reissued a “buy” rating and set a $50.00 price objective on shares of Gigamon in a research report on Tuesday, September 12th. ValuEngine raised shares of Gigamon from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. JMP Securities downgraded shares of Gigamon from an “outperform” rating to a “market perform” rating in a research report on Friday, October 6th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $48.00 price objective on shares of Gigamon in a research report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $45.09.

In related news, SVP Paul B. Shinn sold 2,072 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $38.55, for a total value of $79,875.60. Following the completion of the transaction, the senior vice president now owns 28,185 shares of the company’s stock, valued at approximately $1,086,531.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ted C. Ho sold 30,000 shares of the company’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $42.63, for a total transaction of $1,278,900.00. The disclosure for this sale can be found here. Insiders sold a total of 92,072 shares of company stock valued at $3,866,776 in the last ninety days. 4.50% of the stock is currently owned by insiders.

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About Gigamon

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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