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Shares of Gigamon (NASDAQ:GIMO) have received a consensus recommendation of “Buy” from the ten ratings firms that are covering the company, reports. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $31.97.

Shares of Gigamon (NASDAQ:GIMO) traded down 0.36% on Thursday, hitting $19.18. 50,018 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 $611.9 million.

Gigamon (NASDAQ:GIMO) last released its earnings data on Thursday, April 24th. The company reported ($0.07) earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. On average, analysts predict that Gigamon will post $0.33 earnings per share for the current fiscal year.

In other Gigamon news, CTO Patrick P. Leong unloaded 1,848 shares of the company’s stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $20.02, for a total value of $36,996.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

GIMO has been the subject of a number of recent research reports. 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.

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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