Wall Street analysts expect Gigamon Inc. (NYSE:GIMO) to post sales of $71.78 million for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Gigamon’s earnings, with estimates ranging from $71.00 million to $74.00 million. Gigamon posted sales of $75.10 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 4.4%. The business is expected to report its next quarterly earnings results after the market closes on Thursday, July 27th.

According to Zacks, analysts expect that Gigamon will report full year sales of $71.78 million for the current financial year, with estimates ranging from $313.60 million to $327.60 million. For the next 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 sell-side research firms that follow Gigamon.

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

Several equities analysts have recently commented on the stock. BidaskClub lowered shares of Gigamon from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. JMP Securities restated an “outperform” rating and issued a $37.00 price objective (down from $45.00) on shares of Gigamon in a report on Monday, May 1st. Rosenblatt Securities restated a “hold” rating and issued a $40.00 price objective on shares of Gigamon in a report on Sunday, April 30th. Needham & Company LLC restated a “buy” rating and issued a $50.00 price objective on shares of Gigamon in a report on Monday, June 19th. Finally, Dougherty & Co lowered shares of Gigamon from a “buy” rating to a “neutral” rating in a report on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $45.71.

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Shares of Gigamon (GIMO) opened at 38.30 on Friday. Gigamon has a 52 week low of $28.50 and a 52 week high of $61.25. The company has a market cap of $1.41 billion, a P/E ratio of 32.62 and a beta of 1.53. The firm has a 50-day moving average of $39.65 and a 200 day moving average of $37.71.

In other Gigamon news, VP Sachi Sambandan sold 10,779 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $40.31, for a total transaction of $434,501.49. Following the sale, the vice president now directly owns 79,160 shares in the company, valued at approximately $3,190,939.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ted C. Ho sold 60,000 shares of the stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $38.58, for a total transaction of $2,314,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 208,964 shares of company stock worth $7,732,298. 4.50% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. acquired a new stake in Gigamon during the first quarter worth about $100,000. Creative Planning raised its stake in 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 period. BNP Paribas Arbitrage SA raised its stake in Gigamon by 154.0% in the first quarter. BNP Paribas Arbitrage SA now owns 3,693 shares of the technology company’s stock worth $131,000 after buying an additional 2,239 shares during the period. Envestnet Asset Management Inc. raised its stake in 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 period. Finally, FNY Managed Accounts LLC acquired a new stake in Gigamon during the first quarter worth about $213,000. Institutional investors own 84.32% 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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