Gigamon Inc. (GIMO) saw a big move last session, as the company’s shares fell by over 32% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for GIMO, as the stock is now down over 37% since Jul 3.
The networking services provider has seen a flat track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
GIMO currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the same sector include Corning Inc. (GLW), KVH Industries Inc. (KVHI) and Plantronics, Inc. (PLT). All these stocks hold a Zacks Rank #2 (Buy).
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GIGAMON INC (GIMO): Free Stock Analysis Report
CORNING (GLW): Free Stock Analysis Report
KVH INDUSTRIES INC (KVHI): Free Stock Analysis Report
PLANTRONICS INC (PLT): Free Stock Analysis Report
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