News coverage about Gigamon (NYSE:GIMO) has been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gigamon earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 45.5701289852171 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media stories that may have impacted Accern Sentiment’s analysis:

Gigamon (NYSE GIMO) traded up 0.12% during midday trading on Friday, reaching $43.10. 748,263 shares of the company’s stock traded hands. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 545.57 and a beta of 1.51. The company’s 50-day moving average price is $41.51 and its 200 day moving average price is $38.37. Gigamon has a 52 week low of $28.50 and a 52 week high of $61.25.

Gigamon (NYSE:GIMO) last issued its quarterly earnings data on Thursday, July 27th. The technology company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.12). The business had revenue of $69.10 million for the quarter, compared to the consensus estimate of $71.36 million. Gigamon had a net margin of 0.95% and a return on equity of 0.41%. Gigamon’s revenue was down 8.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 EPS. On average, equities research analysts expect that Gigamon will post $0.79 earnings per share for the current year.

Several brokerages recently commented on GIMO. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price target on shares of Gigamon in a research report on Tuesday, September 12th. BidaskClub raised shares of Gigamon from a “hold” rating to a “buy” rating in a research report on Thursday, September 14th. ValuEngine raised shares of Gigamon from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $48.00 price target on shares of Gigamon in a research report on Tuesday, September 12th. Finally, Zacks Investment Research lowered shares of Gigamon from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $45.38.

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In related news, Director Ted C. Ho sold 30,000 shares of the firm’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 transaction, the director now owns 16,919 shares of the company’s stock, valued at $688,264.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ted C. Ho sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $40.66, for a total transaction of $609,900.00. Following the transaction, the director now directly owns 16,919 shares in the company, valued at approximately $687,926.54. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 137,706 shares of company stock worth $5,542,039. Insiders own 4.50% of the company’s stock.

About Gigamon

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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