News coverage about Gigamon (NYSE:GIMO) has trended somewhat positive recently, Accern reports. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Gigamon earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 45.9226449531343 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

Gigamon (NYSE GIMO) traded up 1.02% on Friday, hitting $39.50. 387,071 shares of the company traded hands. The firm has a market capitalization of $1.48 billion, a P/E ratio of 500.00 and a beta of 1.53. The stock’s 50-day moving average is $39.40 and its 200 day moving average is $36.73. Gigamon has a 12 month low of $28.50 and a 12 month high of $61.25.

Gigamon (NYSE:GIMO) last issued its quarterly earnings results on Thursday, July 27th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.12. Gigamon had a return on equity of 0.41% and a net margin of 0.95%. The firm had revenue of $69.10 million during the quarter, compared to analysts’ expectations of $71.36 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The firm’s revenue was down 8.0% compared to the same quarter last year. Equities analysts forecast that Gigamon will post $0.79 EPS for the current fiscal year.

Several brokerages have recently weighed in on GIMO. BidaskClub cut shares of Gigamon from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Vetr cut shares of Gigamon from a “strong-buy” rating to a “hold” rating and set a $42.50 price target for the company. in a research report on Monday, May 8th. Needham & Company LLC lowered their price target on shares of Gigamon from $38.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, April 28th. Stifel Nicolaus raised shares of Gigamon from a “hold” rating to a “buy” rating and upped their price target for the stock from $30.00 to $42.00 in a research report on Thursday, April 20th. They noted that the move was a valuation call. Finally, Credit Suisse Group cut shares of Gigamon from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $38.00 to $29.00 in a research report on Friday, April 28th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. Gigamon has an average rating of “Hold” and an average price target of $45.38.

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In other news, Director Ted C. Ho sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $40.68, for a total transaction of $1,220,400.00. Following the completion of the sale, the director now owns 16,919 shares in the company, valued at approximately $688,264.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul B. Shinn sold 3,185 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $38.90, for a total transaction of $123,896.50. Following the sale, the insider now owns 35,974 shares of the company’s stock, valued at approximately $1,399,388.60. The disclosure for this sale can be found here. Insiders sold 178,964 shares of company stock valued at $7,198,298 in the last quarter. 4.50% of the stock is owned by insiders.

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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