Brokerages predict that Gigamon Inc. (NYSE:GIMO) will announce sales of $96.43 million for the current quarter, Zacks reports. Three analysts have provided estimates for Gigamon’s earnings, with the lowest sales estimate coming in at $92.30 million and the highest estimate coming in at $101.00 million. Gigamon reported sales of $85.03 million during the same quarter last year, which indicates a positive year over year growth rate of 13.4%. The firm is expected to issue its next earnings results on Thursday, February 1st.

According to Zacks, analysts expect that Gigamon will report full year sales of $96.43 million for the current financial year, with estimates ranging from $310.20 million to $318.90 million. For the next year, analysts forecast that the firm will post sales of $374.43 million per share, with estimates ranging from $364.00 million to $390.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Gigamon.

Gigamon (NYSE:GIMO) last announced its earnings results on Thursday, October 26th. The technology company reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. Gigamon had a negative return on equity of 0.55% and a negative net margin of 0.32%. The firm had revenue of $79.20 million during the quarter, compared to analyst estimates of $84.73 million. During the same quarter in the prior year, the company earned $0.36 EPS. The business’s revenue was down 5.1% compared to the same quarter last year.

A number of research analysts recently weighed in on the company. BidaskClub raised Gigamon from a “hold” rating to a “buy” rating in a research report on Thursday, September 14th. Needham & Company LLC reiterated a “buy” rating and set a $50.00 target price on shares of Gigamon in a research note on Tuesday, September 12th. Stifel Nicolaus reiterated a “buy” rating and set a $48.00 target price on shares of Gigamon in a research note on Tuesday, September 12th. JMP Securities downgraded Gigamon from an “outperform” rating to a “market perform” rating in a research note on Friday, October 6th. Finally, Dougherty & Co downgraded Gigamon from a “buy” rating to a “neutral” rating in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $45.09.

In other Gigamon news, Director Ted C. Ho sold 15,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $38.68, for a total transaction of $580,200.00. Following the sale, the director now directly owns 16,919 shares of the company’s stock, valued at $654,426.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ted C. Ho sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $42.99, for a total value of $1,289,700.00. Following the sale, the director now directly owns 16,919 shares in the company, valued at $727,347.81. The disclosure for this sale can be found here. Insiders have sold 92,072 shares of company stock worth $3,866,776 over the last quarter. 4.50% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC bought a new stake in shares of Gigamon in the second quarter worth about $100,000. Ameritas Investment Partners Inc. increased its holdings in shares of Gigamon by 13.0% in the second quarter. Ameritas Investment Partners Inc. now owns 3,172 shares of the technology company’s stock worth $125,000 after purchasing an additional 365 shares during the last quarter. Creative Planning increased its holdings in shares of Gigamon by 16.3% in the second quarter. Creative Planning now owns 4,070 shares of the technology company’s stock worth $160,000 after purchasing an additional 570 shares during the last quarter. Pinebridge Investments L.P. bought a new stake in shares of Gigamon in the second quarter worth about $162,000. Finally, LS Investment Advisors LLC bought a new stake in shares of Gigamon in the second quarter worth about $172,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Gigamon (NYSE:GIMO) traded down $0.15 during mid-day trading on Tuesday, reaching $38.45. The company had a trading volume of 1,266,500 shares, compared to its average volume of 1,121,784. Gigamon has a one year low of $28.50 and a one year high of $61.11.

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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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