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Zacks Investment Research announced Gigamon Inc (NYSE:GIMO), stepping up its target to $62.00 earlier today

Having a price of $55.67, Gigamon Inc (NYSE:GIMO) traded 4.52% higher on the day. With the last close up 48.35% 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 $47.43 and a two hundred day average of $37.53. Volume of trade was up over the average, with 1,312,374 shares of GIMO changing hands over the typical 782,220

Zacks Investment Research bumped up the target of Gigamon Inc (NYSE:GIMO) to $62.00 reporting a potential upside of 0.11%.

Recent Performance Chart

Gigamon Inc (NYSE:GIMO)

Gigamon Inc has 52 week low of $18.96 and a 52 week high of $56.38 with a PE ratio of 48.16 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 6 analysts have released a report on Gigamon Inc. The 12-month price target is $40.83 with two analysts rating the company a strong buy, three brokers rating the stock a buy, 1 broker rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis 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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