Gigamon Inc. (NYSE:GIMO) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Wednesday.

A number of other research firms also recently commented on GIMO. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price objective on shares of Gigamon in a report on Tuesday, September 12th. ValuEngine upgraded Gigamon from a “sell” rating to a “hold” rating in a report on Friday, September 1st. JMP Securities downgraded Gigamon from an “outperform” rating to a “market perform” rating in a report on Friday, October 6th. Stifel Nicolaus reiterated a “buy” rating and issued a $48.00 price objective on shares of Gigamon in a report on Tuesday, September 12th. Finally, Dougherty & Co upgraded Gigamon from a “neutral” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $45.95.

Gigamon (GIMO) opened at 36.55 on Wednesday. Gigamon has a 52-week low of $28.50 and a 52-week high of $61.25. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 462.66 and a beta of 1.50. The company has a 50 day moving average price of $41.51 and a 200-day moving average price of $39.23.

Gigamon (NYSE:GIMO) last released its quarterly earnings data on Thursday, July 27th. The technology company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.12). The company had revenue of $69.10 million during the quarter, compared to the consensus estimate of $71.36 million. Gigamon had a net margin of 0.95% and a return on equity of 0.41%. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.30 EPS. Equities research analysts anticipate that Gigamon will post $0.79 EPS for the current year.

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In other news, Director Ted C. Ho sold 30,000 shares of the company’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $42.99, for a total transaction of $1,289,700.00. Following the completion of the transaction, the director now directly owns 16,919 shares of the company’s stock, valued at $727,347.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ted C. Ho sold 15,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $42.54, for a total value of $638,100.00. Following the transaction, the director now directly owns 16,919 shares of the company’s stock, valued at $719,734.26. The disclosure for this sale can be found here. Over the last three months, insiders sold 122,706 shares of company stock valued at $5,144,239. Insiders own 4.50% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Alps Advisors Inc. boosted its position in shares of Gigamon by 0.3% during the second quarter. Alps Advisors Inc. now owns 13,980 shares of the technology company’s stock worth $550,000 after buying an additional 36 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Gigamon by 1.3% during the second quarter. Nisa Investment Advisors LLC now owns 11,310 shares of the technology company’s stock worth $432,000 after buying an additional 150 shares during the period. Parametric Portfolio Associates LLC boosted its position in shares of Gigamon by 0.6% during the first quarter. Parametric Portfolio Associates LLC now owns 40,136 shares of the technology company’s stock worth $1,427,000 after buying an additional 236 shares during the period. Ameritas Investment Partners Inc. boosted its position in shares of Gigamon by 13.0% during the second quarter. Ameritas Investment Partners Inc. now owns 3,172 shares of the technology company’s stock worth $125,000 after buying an additional 365 shares during the period. Finally, Creative Planning boosted its position in shares of Gigamon by 16.3% during the second quarter. Creative Planning now owns 4,070 shares of the technology company’s stock worth $160,000 after buying an additional 570 shares during the period. 97.84% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Gigamon (NYSE:GIMO)

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