Northland Securities Initiates Coverage on Gigamon Inc to Outperform

Northland Securities Initiates Coverage on Gigamon Inc(NYSE:GIMO). The shares have been rated Outperform. The rating by Northland Securities was issued on Jun 22, 2016.

In a different note, Stifel Nicolaus said it Initiates Coverage on Gigamon Inc, according to a research note issued on Mar 30, 2016. The shares have been rated ‘Hold’ by the firm.

Gigamon Inc (GIMO) shares turned negative on Mondays trading session with the shares closing down -1.04 points or -2.85% at a volume of 9,62,211. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $36.64. The peak price level was also seen at $36.64 while the days lowest was $33.78. Finally the shares closed at $35.47. The 52-week high of the shares is $38.96 while the 52-week low is $18.93. According to the latest information available, the market cap of the company is $1,239 M.

Gigamon Inc(GIMO) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $67.21M. Analysts had an estimated revenue of $62.11M. Earnings per share were $0.22. Analysts had estimated an EPS of $0.18.

Several Insider Transactions has been reported to the SEC. On Jun 21, 2016, Mike Burns (Chief Financial Officer) sold 8,272 shares at $37.00 per share price.Also, On May 31, 2016, Sachi Sambandan (Sr. VP Engineering) sold 14,400 shares at $31.03 per share price.On May 31, 2016, Helmut Wilke (Sr. VP Worldwide Sales) sold 8,000 shares at $31.09 per share price, according to the Form-4 filing with the securities and exchange commission.

Gigamon Inc. offers a solution that delivers visibility and control of traffic across networks. The Company’s 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.

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