Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Gigamon (GIMO) Share Price

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.

In other news, Director Ted C. Ho sold 30,000 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $38.51, for a total value of $1,155,300.00. Following the completion of the transaction, the director now directly owns 16,919 shares in the company, valued at approximately $651,550.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ted C. Ho sold 15,000 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $38.68, for a total value of $580,200.00. Following the completion of the transaction, 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. In the last ninety days, insiders sold 47,072 shares of company stock worth $1,815,376. Company 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.

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

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