Gigamon (NYSE:GIMO) is scheduled to release its earnings data after the market closes on Wednesday, January 31st. Analysts expect Gigamon to post earnings of $0.33 per share for the quarter.
Gigamon (NYSE:GIMO) last issued its quarterly earnings data on Thursday, October 26th. The technology company reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. Gigamon had a return on equity of 2.98% and a net margin of 2.75%. The company had revenue of $79.20 million for the quarter, compared to analyst estimates of $84.73 million. During the same period last year, the company earned $0.36 earnings per share. Gigamon’s quarterly revenue was down 5.1% compared to the same quarter last year. On average, analysts expect Gigamon to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Gigamon (NYSE GIMO) opened at $38.50 on Wednesday. Gigamon has a 1-year low of $28.50 and a 1-year high of $48.25.
In other news, Director Ted C. Ho sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $38.68, for a total value of $580,200.00. Following the transaction, the director now owns 16,919 shares in the company, valued at $654,426.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Paul B. Shinn sold 2,072 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $38.55, for a total value of $79,875.60. Following the completion of the transaction, the senior vice president now owns 28,185 shares in the company, valued at approximately $1,086,531.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,072 shares of company stock worth $1,815,376. Company insiders own 4.50% of the company’s stock.
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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