Gigamon (NYSE:GIMO) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.75 by 4 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 1 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Stifel Nicolaus initiates coverage on Gigamon (NYSE:GIMO) The shares have been rated Hold. The rating by the firm was issued on March 30, 2016.
Gigamon (NYSE:GIMO): 3 analysts have set the short term price target of Gigamon (NYSE:GIMO) at $38.33. The standard deviation of short term price target has been estimated at $4.16, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 43 and $35 respectively.
Gigamon (NYSE:GIMO) rose 1.45% or 0.53 points on Tuesday and made its way into the gainers of the day. After trading began at $36.58 the stock was seen hitting $37.5 as a peak level and $36.5 as the lowest level. The stock ended up at $37.03. The daily volume was measured at 870,862 shares. The 52-week high of the share price is $37.64 and the 52-week low is $18.93. The company has a market cap of $1,293 million.
Shares of Gigamon Inc. rose by 11.23% in the last five trading days and 24.89% for the last 4 weeks. Gigamon Inc. is up 17% in the last 3-month period. Year-to-Date the stock performance stands at 39.37%.
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.