Gigamon Coverage Initiated at William Blair (GIMO)
William Blair began coverage on shares of Gigamon (NASDAQ:GIMO) in a research note issued on Monday, Analyst Ratings Net reports. The firm set an “outperform” rating on the stock.
A number of other firms have also recently commented on GIMO. Analysts at Raymond James downgraded shares of Gigamon from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, September 16th. They now have a $36.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Gigamon from $27.00 to $32.00 in a research note to investors on Tuesday, July 30th. They now have a “neutral” rating on the stock. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $32.16.
Gigamon (NASDAQ:GIMO) opened at 33.21 on Monday. Gigamon has a 52-week low of $23.02 and a 52-week high of $40.41. The stock has a 50-day moving average of $35.90 and a 200-day moving average of $32.31. The company’s market cap is $1.013 billion.
Gigamon Inc has developed solution that delivers visibility and control of traffic across networks. Its solution, which it refers to as its traffic visibility fabric, consists of distributed network appliances that provide an advanced level of network traffic intelligence.
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