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Gigamon (NASDAQ:GIMO) CTO Patrick P. Leong sold 1,848 shares of Gigamon stock on the open market in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $20.02, for a total value of $36,996.96. The sale was disclosed in a filing with the SEC, which is available at this link.

Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Gigamon from an “underperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $19.90 price target on the stock. Separately, analysts at Credit Suisse upgraded shares of Gigamon from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 8th. They now have a $25.00 price target on the stock, up previously from $20.00. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $31.97.

Gigamon (NASDAQ:GIMO) traded down 0.47% during mid-day trading on Thursday, hitting $19.16. 47,401 shares of the company’s stock traded hands. Gigamon has a one year low of $14.75 and a one year high of $41.81. The stock’s 50-day moving average is $17.6 and its 200-day moving average is $25.16. The company’s market cap is $611.2 million.

Gigamon (NASDAQ:GIMO) last posted its quarterly earnings results on Thursday, April 24th. The company reported ($0.07) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.07). The company had revenue of $31.80 million for the quarter, compared to the consensus estimate of $31.30 million. During the same quarter last year, the company posted $0.02 earnings per share. Gigamon’s revenue was up 23.3% compared to the same quarter last year. On average, analysts predict that Gigamon will post $0.33 earnings per share for the current fiscal year.

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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