Investment analysts at DA Davidson raised their price target on shares of Gigamon (NASDAQ:GIMO) from $28.00 to $34.00 in a note issued to investors on Wednesday, Analyst RN reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s price objective would suggest a potential upside of 8.66% from the company’s current price.
Separately, analysts at Goldman Sachs Group Inc. upgraded shares of Gigamon from a “neutral” rating to a “buy” rating in a research note to investors on Friday, January 31st. They now have a $38.00 price target on the stock, up previously from $37.00. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $34.83.
Gigamon (NASDAQ:GIMO) traded down 5.88% on Wednesday, hitting $29.45. The stock had a trading volume of 779,169 shares. Gigamon has a one year low of $23.02 and a one year high of $41.81. The stock has a 50-day moving average of $29.15 and a 200-day moving average of $32.6. The company’s market cap is $915.5 million.
Gigamon (NASDAQ:GIMO) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.12 by $0.06. The company had revenue of $43.10 million for the quarter, compared to the consensus estimate of $41.98 million. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. On average, analysts predict that Gigamon will post $0.41 earnings per share for the current fiscal year.
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.