News stories about Gigamon (NYSE:GIMO) have trended somewhat positive recently, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Gigamon earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 45.4542957383225 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
Gigamon (GIMO) opened at $38.50 on Thursday. Gigamon has a 52-week low of $28.50 and a 52-week high of $50.40.
Gigamon (NYSE:GIMO) last posted its quarterly earnings data on Thursday, October 26th. The technology company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. Gigamon had a negative net margin of 0.32% and a negative return on equity of 0.55%. The firm had revenue of $79.20 million for the quarter, compared to analysts’ expectations of $84.73 million. During the same period in the previous year, the company posted $0.36 EPS. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. analysts anticipate that Gigamon will post -0.12 earnings per share for the current year.
GIMO has been the topic of several recent research reports. Dougherty & Co lowered shares of Gigamon from a “buy” rating to a “neutral” rating in a research report on Friday, October 27th. Needham & Company LLC lowered shares of Gigamon from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Stifel Nicolaus lowered shares of Gigamon from a “buy” rating to a “hold” rating and decreased their price target for the stock from $48.00 to $38.50 in a research report on Friday, October 27th. BidaskClub lowered shares of Gigamon from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Finally, JMP Securities lowered shares of Gigamon from an “outperform” rating to a “market perform” rating in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. Gigamon presently has a consensus rating of “Hold” and a consensus target price of $45.09.
In other Gigamon news, Director Ted C. Ho sold 30,000 shares of Gigamon stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $42.63, for a total transaction of $1,278,900.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Paul B. Shinn sold 2,072 shares of Gigamon stock in a transaction on Friday, November 17th. The shares were sold at an average price of $38.55, for a total transaction of $79,875.60. Following the sale, the senior vice president now directly owns 28,185 shares of the company’s stock, valued at approximately $1,086,531.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 92,072 shares of company stock worth $3,866,776. Corporate insiders own 4.50% of the company’s stock.
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Gigamon Company Profile
Gigamon Inc offers a solution that delivers visibility and control of data-in-motion traversing enterprise, federal and service provider networks. The Company’s Visibility Platform consists of a distributed system of nodes (that in combination establish a Visibility Fabric). The Visibility Platform includes physical appliances and virtual nodes that can be deployed in data centers, central offices, virtualized/private cloud/public cloud environments, and small form-factor remote site appliances, which in combination enable pervasive visibility of network infrastructures.
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