News articles about Gigamon (NYSE:GIMO) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Gigamon earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.6215877689444 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:

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

Shares of Gigamon (NYSE GIMO) opened at $38.50 on Tuesday. Gigamon has a 52-week low of $28.50 and a 52-week high of $49.00.

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

In other Gigamon news, Director Ted C. Ho sold 30,000 shares of the company’s 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Paul B. Shinn sold 2,072 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now owns 28,185 shares in the company, valued at approximately $1,086,531.75. The disclosure for this sale can be found here. Insiders have sold a total of 92,072 shares of company stock worth $3,866,776 in the last 90 days. 4.50% of the stock is currently owned by corporate 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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