Shares of Gigamon (GIMO) Sees Large Inflow of Net Money Flow

Gigamon (GIMO) stock had a bullish inflow of $1.1 million worth of trades on uptick and an outflow of $0.62 million in downticks on Wednesday. The total uptick to downtick ratio stood at 1.76. The net money flow into the stock was $0.47 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $0.6 million. $0.6 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Gigamon (GIMO) stock traded down $0.07 , and reached $55.6, a drop of -0.13% over the previous day. On a weekly basis, the stock is 3.73%, over the previous weeks close.


Shares of Gigamon Inc. rose by 4.31% in the last five trading days and 26.45% for the last 4 weeks. Gigamon Inc. is up 53.95% in the last 3-month period. Year-to-Date the stock performance stands at 111.25%.

Gigamon (GIMO) : 6 analysts are covering Gigamon (GIMO) and their average rating on the stock is 2, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Gigamon (GIMO) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Gigamon (NYSE:GIMO): The stock opened at $55.68 and touched an intraday high of $56.14 on Wednesday. During the day, the stock corrected to an intraday low of $54.14, however, the bulls stepped in and pushed the price higher to close in the green at $56.13 with a gain of 0.83% for the day. The total traded volume for the day was 1,096,739. The stock had closed at $55.67 in the previous trading session.

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.

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