Breaking Finance News

BofA Merrill upgraded Gigamon (NYSE:GIMO) from Neutral to Buy in a report released today.

BofA Merrill has upgraded Gigamon (NYSE:GIMO) from Neutral to Buy in a report released on 10/13/2016.

Just yesterday Gigamon (NYSE:GIMO) traded -0.82% lower at $49.77. Gigamon’s 50-day moving average is $49.79 and its 200-day moving average is $39.21. The last stock price is up 25.90% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 601,347 shares of GIMO traded hands, down from an average trading volume of 846,063

Recent Performance Chart

Gigamon (NYSE:GIMO)

Gigamon has 52 week low of $20.01 and a 52 week high of $56.38 with a PE ratio of 42.70 and has a market capitalization of $0.

In addition to BofA Merrill reporting its stock price target, a total of 6 brokerages have issued a ratings update on the company. The average stock price target is $40.83 with 2 brokerages rating the stock a strong buy, 3 brokerages rating the stock a buy, 1 brokerage rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Gigamon (NYSE:GIMO)

Gigamon Inc. offers solutions that deliver visibility and control of traffic across networks. The Company's Visibility Fabric solution consists of a distributed system of nodes that enable a level of visibility, modification and control of network traffic. Its GigaSECURE Security Delivery Platform enables the delivery of network, data as a service, for multiple security tools. Its Visibility Fabric solution consists of a distributed system of nodes that enable a level of visibility, modification and control of network traffic. Its GigaSMART platform provides a range of software applications to modify, manipulate, transform, filter, correlate and sample network traffic. The Company's GigaVUE H Series includes both blade-based modular chassis products, such as the GigaVUE-HC-2, GigaVUE-HD-4, and GigaVUE-HD-8, as well as fixed-configuration appliances, such as the GigaVue-HB-1. It has presence in the United States; Rest of Americas; Europe, Middle East and Africa, and Asia Pacific.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.