Gigamon (GIMO) : Traders are bullish on Gigamon (GIMO) as it has outperformed the S&P 500 by a margin of 8.58% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.11%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.76% in the last 1 week, and is up 15.91% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Gigamon (NYSE:GIMO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.87 and $39.83 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.32, notching a gain of 6.65% for the day. The total traded volume was 1,207,066 . The stock had closed at $39.68 on the previous day.
The stock has recorded a 20-day Moving Average of 9.16% and the 50-Day Moving Average is 21.77%. Gigamon Inc. is up 35.08% in the last 3-month period. Year-to-Date the stock performance stands at 59.28%.
Gigamon Inc. offers a solution that delivers visibility and control of traffic across networks. The Companys Unified Visibility Fabric solution consists of a distributed system of nodes (or a Fabric) that enables a level of visibility, modification and control of network traffic. The Visibility Fabric spans physical appliances, virtual nodes and traffic from remote sites to enable visibility of network infrastructures. Its Fabric enables IT organizations to gain visibility into infrastructure by forwarding selected traffic of interest from network and server infrastructure to management, analysis, compliance and security tools. Its product offering includes a single product family comprising its GigaVUE, GigaSECURE, GigaSMART and GigaTAP products. Its GigaSMART platform provides a range of software applications to modify, manipulate, transform, filter, correlate and sample network traffic.