Analysts expect that Gigamon Inc. (NYSE:GIMO) will announce $0.34 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Gigamon’s earnings, with estimates ranging from $0.32 to $0.38. Gigamon posted earnings per share of $0.37 in the same quarter last year, which would suggest a negative year-over-year growth rate of 8.1%. The business is expected to report its next earnings results on Thursday, February 1st.

According to Zacks, analysts expect that Gigamon will report full year earnings of $0.81 per share for the current fiscal year, with EPS estimates ranging from $0.76 to $0.86. For the next year, analysts forecast that the company will post earnings of $1.13 per share, with EPS estimates ranging from $0.99 to $1.33. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Gigamon.

Gigamon (NYSE:GIMO) last released its quarterly earnings data on Thursday, October 26th. The technology company reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $84.73 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The firm’s revenue was down 5.1% on a year-over-year basis.

Several equities research analysts have recently issued reports on the stock. Dougherty & Co downgraded shares of Gigamon from a “buy” rating to a “neutral” rating in a research note on Friday, October 27th. Needham & Company LLC downgraded shares of Gigamon from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Stifel Nicolaus cut Gigamon from a “buy” rating to a “hold” rating and reduced their target price for the stock from $48.00 to $38.50 in a research report on Friday, October 27th. BidaskClub cut Gigamon from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Finally, JMP Securities cut Gigamon from an “outperform” rating to a “market perform” rating in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $45.09.

In other Gigamon news, Director Ted C. Ho sold 15,000 shares of Gigamon stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $42.54, for a total transaction of $638,100.00. Following the completion of the transaction, the director now directly owns 16,919 shares of the company’s stock, valued at $719,734.26. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ted C. Ho sold 30,000 shares of Gigamon stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $42.99, for a total value 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 77,706 shares of company stock valued at $3,313,939. Company insiders own 4.50% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Elliott Management Corp bought a new position in shares of Gigamon in the second quarter valued at about $103,546,000. Alps Advisors Inc. raised its holdings in shares of Gigamon by 0.3% in the second quarter. Alps Advisors Inc. now owns 13,980 shares of the technology company’s stock valued at $550,000 after buying an additional 36 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Gigamon by 73.9% in the second quarter. Rhumbline Advisers now owns 65,887 shares of the technology company’s stock valued at $2,593,000 after buying an additional 28,010 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Gigamon by 156.7% in the first quarter. JPMorgan Chase & Co. now owns 54,470 shares of the technology company’s stock valued at $1,936,000 after buying an additional 33,253 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of Gigamon in the third quarter valued at about $1,066,000. 98.28% of the stock is owned by institutional investors and hedge funds.

Shares of Gigamon (NYSE GIMO) traded down $0.35 during mid-day trading on Tuesday, reaching $38.95. The company’s stock had a trading volume of 669,943 shares, compared to its average volume of 1,310,000. Gigamon has a one year low of $28.50 and a one year high of $61.25.

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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.

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