Equities research analysts expect Gigamon Inc. (NYSE:GIMO) to post sales of $71.78 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Gigamon’s earnings, with the highest sales estimate coming in at $74.00 million and the lowest estimate coming in at $71.00 million. Gigamon posted sales of $75.10 million in the same quarter last year, which would indicate a negative year over year growth rate of 4.4%. The company is scheduled to announce its next earnings results on Thursday, July 27th.

On average, analysts expect that Gigamon will report full-year sales of $71.78 million for the current year, with estimates ranging from $313.60 million to $327.60 million. For the next financial year, analysts expect that the firm will report sales of $376.86 million per share, with estimates ranging from $350.00 million to $394.10 million. Zacks’ sales averages are an average based on a survey of analysts that cover Gigamon.

Gigamon (NYSE:GIMO) last released its quarterly earnings data on Thursday, April 27th. The technology company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.02. The company had revenue of $69.60 million during the quarter, compared to the consensus estimate of $68.77 million. Gigamon had a return on equity of 3.45% and a net margin of 14.12%. Gigamon’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the company earned $0.22 EPS.

Several research firms recently commented on GIMO. Bank of America Corporation reaffirmed a “neutral” rating and set a $43.00 target price (up from $33.00) on shares of Gigamon in a report on Thursday. BidaskClub lowered Gigamon from a “hold” rating to a “sell” rating in a report on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 target price on shares of Gigamon in a report on Monday. Zacks Investment Research lowered Gigamon from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $45.00 target price on shares of Gigamon in a report on Monday, June 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. Gigamon currently has an average rating of “Hold” and a consensus price target of $46.04.

Gigamon (NYSE GIMO) traded up 2.81% during midday trading on Thursday, hitting $40.20. The company’s stock had a trading volume of 162,502 shares. The company’s 50-day moving average is $38.89 and its 200 day moving average is $38.01. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 34.24 and a beta of 1.53. Gigamon has a one year low of $28.50 and a one year high of $61.25.

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In related news, insider Paul B. Shinn sold 3,185 shares of Gigamon 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 transaction, the insider now owns 35,974 shares in the company, valued at $1,399,388.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ted C. Ho sold 60,000 shares of Gigamon stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $41.58, for a total value of $2,494,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 208,964 shares of company stock worth $7,485,698. Company insiders own 4.50% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the company. Parametric Portfolio Associates LLC increased its position in shares of Gigamon by 0.6% in the first quarter. Parametric Portfolio Associates LLC now owns 40,136 shares of the technology company’s stock worth $1,427,000 after buying an additional 236 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Gigamon by 5.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,755 shares of the technology company’s stock worth $216,000 after buying an additional 265 shares during the last quarter. Creative Planning increased its position in shares of Gigamon by 8.7% in the first quarter. Creative Planning now owns 3,500 shares of the technology company’s stock worth $124,000 after buying an additional 279 shares during the last quarter. First Manhattan Co. increased its position in shares of Gigamon by 2.4% in the first quarter. First Manhattan Co. now owns 43,100 shares of the technology company’s stock worth $2,361,000 after buying an additional 1,000 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Gigamon by 0.5% in the first quarter. Geode Capital Management LLC now owns 231,166 shares of the technology company’s stock worth $8,217,000 after buying an additional 1,173 shares during the last quarter. Hedge funds and other institutional investors own 84.49% of the company’s stock.

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.

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