Gigamon (GIMO) Scheduled to Post Quarterly Earnings on Wednesday

Gigamon (NYSE:GIMO) will issue its quarterly earnings data after the market closes on Wednesday, January 31st. Analysts expect the company to announce earnings of $0.33 per share for the quarter.

In related news, SVP Paul B. Shinn sold 2,072 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $38.55, for a total transaction of $79,875.60. Following the completion of the sale, the senior vice president now directly owns 28,185 shares in the company, valued at approximately $1,086,531.75. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Ted C. Ho sold 15,000 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $38.68, for a total value of $580,200.00. Following the sale, the director now owns 16,919 shares of the company’s stock, valued at $654,426.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,072 shares of company stock valued at $1,815,376. 4.50% of the stock is owned by corporate insiders.

GIMO has been the subject of a number of recent analyst reports. Stifel Nicolaus downgraded Gigamon from a “buy” rating to a “hold” rating and cut their target price for the company from $48.00 to $38.50 in a research report on Friday, October 27th. Dougherty & Co downgraded Gigamon from a “buy” rating to a “neutral” rating in a research report on Friday, October 27th. BidaskClub downgraded Gigamon from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Needham & Company LLC downgraded Gigamon from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Finally, JMP Securities downgraded 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 assigned a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $45.09.

ILLEGAL ACTIVITY NOTICE: “Gigamon (GIMO) Scheduled to Post Quarterly Earnings on Wednesday” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this story on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this story can be read at https://www.dispatchtribunal.com/2018/01/30/gigamon-gimo-scheduled-to-post-quarterly-earnings-on-wednesday.html.

About Gigamon

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.

Earnings History for Gigamon (NYSE:GIMO)

Receive News & Ratings for Gigamon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gigamon and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply