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Gigamon (NYSE:GIMO) target price raised to $59.00, released a report earlier today by DA Davidson

Boasting a price of $55.13, Gigamon (NYSE:GIMO) traded 0.33% higher on the day. With the last close up 43.41% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Gigamon has recorded a 50-day average of $48.74 and a two hundred day average of $38.44. Volume of trade was down over the average, with 612,673 shares of GIMO changing hands under the typical 794,214

Indicating a possible upside of 0.07%, DA Davidson increased the target price of Gigamon (NYSE:GIMO) to $59.00

On 09/28/2016, Zacks Investment Research released a statement on Gigamon (NYSE:GIMO) bumped up the target price from $0.00 to $62.00 that suggested an upside of 0.11%.

Performance Chart

Gigamon (NYSE:GIMO)

With a total market value of $0, Gigamon has PE ratio of 47.69 with a one year low of $19.57 and a one year high of $56.38 .

A total of 6 firms have issued a report on GIMO. 2 analysts rating the company a strong buy, 3 brokers rating the stock a buy, 1 brokerage rating the stock a hold, 0 analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a 12-month price target of $40.83.

General Company Details For 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.

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