Gigamon Inc (NYSE:GIMO) has been downgraded to Sell in a report by Zacks Investment Research today.
- Updated: October 7, 2016
Zacks Investment Research has downgraded Gigamon Inc (NYSE:GIMO) to Sell in a report released on 10/07/2016.
Just yesterday Gigamon Inc (NYSE:GIMO) traded -0.29% lower at $51.63. GIMO’s 50-day average is $49.29 and its two hundred day average is $38.78. With the last stock price close up 32.74% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time. 811,183 shares of the stock were exchanged, down from an average trading volume of 822,009
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Gigamon Inc has a 52 week low of $19.86 and a one year high of $56.38 with a price-earnings ratio of 44.53 GIMO’s total market value is presently $0.
A total of 6 analysts have released a research note on GIMO. 2 brokerages rating the stock a strong buy, 3 brokerages rating the stock a buy, 1 brokerage rating the stock a hold, zero analysts rating the company a underperform, and finally zero analysts 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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