Gigamon Inc (NYSE:GIMO) target price raised to $61.00, reported today by Bank of America Corp.
- Updated: October 15, 2016
Bank of America Corp. raised the target price of Gigamon Inc (NYSE:GIMO) to $61.00 reporting a possible upside of 0.22%.
Boasting a price of $49.80, Gigamon Inc (NYSE:GIMO) traded -0.58% lower on the day. With the last close up 25.94% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Gigamon Inc has recorded a 50-day average of $50.08 and a two hundred day average of $39.42. Volume of trade was down over the average, with 625,722 shares of GIMO changing hands under the typical 860,918
With a total market value of $0, Gigamon Inc has price-earnings ratio of 42.94 with a one year low of $21.23 and a one year high of $56.38 .
A total of 6 analysts have released a research note on GIMO. Two analysts rating the company a strong buy, three analysts rating the company a buy, one analyst rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $40.83.
More About 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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