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Gigamon Inc (NYSE:GIMO) has been downgraded to Market Perform in a report by Citigroup Inc. today.

Citigroup Inc. has downgraded Gigamon Inc (NYSE:GIMO) to Market Perform in a report released on 10/5/2016.

Previously on Wednesday September 28, 2016, Zacks Investment Research reported on Gigamon Inc (NYSE:GIMO) increased the target price from $0.00 to $62.00. At the time, this indicated a possible upside of 0.11%.

Just yesterday Gigamon Inc (NYSE:GIMO) traded -0.29% lower at $55.13. Gigamon Inc’s 50-day moving average is $49.29 and its 200-day moving average is $38.78. The last closing price is up 32.74% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 811,183 shares of GIMO traded hands, down from an average trading volume of 822,009

Recent Performance Chart

Gigamon Inc (NYSE:GIMO)

Gigamon Inc has PE ratio of 44.53 with a one year low of $19.86 and a one year high of $56.38 and has a market capitalization of $0.

A total of 6 brokerages have issued a ratings update on Gigamon Inc. Two brokerages rating the company a strong buy, three brokerages rating the company a buy, one brokerage rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $40.83.

General Company Details For Gigamon Inc (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.

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