Raymond James downgraded Gigamon (NYSE:GIMO) from Outperform to Mkt Perform in a report released today.
- Updated: October 5, 2016
Raymond James has downgraded Gigamon (NYSE:GIMO) from Outperform to Mkt Perform in a report released on 10/05/2016.
Previously on 9/28/2016, Zacks Investment Research released a statement about Gigamon (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 (NYSE:GIMO) traded 0.33% higher at $55.13. Gigamon’s 50-day moving average is $48.74 and its 200-day moving average is $38.44. The last stock price is up 43.41% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 612,673 shares of GIMO traded hands, down from an average trading volume of 794,214
Recent Performance Chart
Gigamon has 52 week low of $19.57 and a 52 week high of $56.38 with a PE ratio of 47.69 and has a market capitalization of $0.
In addition to Raymond James 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.
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