Media headlines about Gigamon (NYSE:GIMO) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Gigamon earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 45.7081680176673 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

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

GIMO has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Gigamon in a report on Monday, June 19th. BidaskClub upgraded Gigamon from a “sell” rating to a “hold” rating in a research report on Wednesday, August 30th. ValuEngine upgraded Gigamon from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Stifel Nicolaus reiterated a “buy” rating and set a $48.00 target price on shares of Gigamon in a research report on Tuesday, September 12th. Finally, Bank of America Corporation reiterated a “neutral” rating and set a $43.00 target price (up from $33.00) on shares of Gigamon in a research report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $45.95.

Gigamon (NYSE:GIMO) traded up 1.27% during trading on Tuesday, reaching $35.85. The company had a trading volume of 856,884 shares. The stock has a 50 day moving average price of $42.19 and a 200 day moving average price of $39.27. Gigamon has a 52 week low of $28.50 and a 52 week high of $61.25. The firm has a market capitalization of $1.34 billion, a P/E ratio of 453.80 and a beta of 1.50.

Gigamon (NYSE:GIMO) last announced its quarterly earnings results on Thursday, July 27th. The technology company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.12). The company had revenue of $69.10 million for the quarter, compared to analyst estimates of $71.36 million. Gigamon had a return on equity of 0.41% and a net margin of 0.95%. Gigamon’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 earnings per share. Analysts predict that Gigamon will post $0.79 earnings per share for the current year.

In other news, Director Ted C. Ho sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $42.63, for a total transaction of $1,278,900.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ted C. Ho sold 15,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $42.54, for a total value of $638,100.00. Following the sale, the director now owns 16,919 shares in the company, valued at $719,734.26. The disclosure for this sale can be found here. Insiders have sold a total of 122,706 shares of company stock worth $5,144,239 over the last 90 days. Insiders own 4.50% of the company’s stock.

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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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