Gigamon (GIMO) Given Daily News Impact Score of 0.22

Media coverage about Gigamon (NYSE:GIMO) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gigamon earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 45.3132050836582 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news stories that may have effected Accern Sentiment’s analysis:

A number of research analysts recently commented on GIMO shares. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price target on shares of Gigamon in a report on Monday, June 19th. BidaskClub raised Gigamon from a “sell” rating to a “hold” rating in a report on Wednesday, August 30th. ValuEngine raised Gigamon from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research downgraded Gigamon from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $45.00 price target on shares of Gigamon in a report on Monday, June 5th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $45.38.

Gigamon (NYSE GIMO) traded down 1.46% on Friday, reaching $43.75. The company’s stock had a trading volume of 2,442,886 shares. The stock’s 50 day moving average is $41.32 and its 200-day moving average is $38.15. Gigamon has a 52 week low of $28.50 and a 52 week high of $61.25. The firm has a market capitalization of $1.64 billion, a PE ratio of 553.80 and a beta of 1.51.

Gigamon (NYSE:GIMO) last released its earnings results on Thursday, July 27th. The technology company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.12). Gigamon had a return on equity of 0.41% and a net margin of 0.95%. The firm had revenue of $69.10 million for the quarter, compared to analyst estimates of $71.36 million. During the same period last year, the business earned $0.30 earnings per share. The firm’s quarterly revenue was down 8.0% compared to the same quarter last year. Analysts predict that Gigamon will post $0.79 EPS for the current year.

In related news, Director Ted C. Ho sold 30,000 shares of Gigamon stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $40.68, for a total transaction of $1,220,400.00. Following the sale, the director now directly owns 16,919 shares of the company’s stock, valued at $688,264.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Paul B. Shinn sold 2,706 shares of Gigamon stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $39.63, for a total value of $107,238.78. Following the sale, the insider now directly owns 32,985 shares in the company, valued at $1,307,195.55. The disclosure for this sale can be found here. Over the last three months, insiders have sold 107,706 shares of company stock worth $4,252,339. 4.50% of the stock is owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Gigamon (NYSE:GIMO)

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