News articles about Gigamon (NYSE:GIMO) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Gigamon earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 45.3914675567451 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
A number of equities research analysts recently issued reports on GIMO shares. BidaskClub downgraded Gigamon from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Stifel Nicolaus downgraded Gigamon from a “buy” rating to a “hold” rating and reduced their price target for the stock from $48.00 to $38.50 in a research report on Friday, October 27th. Needham & Company LLC downgraded Gigamon from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Finally, Dougherty & Co downgraded Gigamon from a “buy” rating to a “neutral” rating in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $41.10.
Shares of Gigamon (GIMO) remained flat at $$38.50 during mid-day trading on Monday. Gigamon has a fifty-two week low of $28.50 and a fifty-two week high of $48.25.
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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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