Economy

Analyst Rating On these Stocks: Gigamon Inc. (GIMO), General Motors Company (GM)

Creative Planning now owns 4,070 shares of the technology company's stock valued at $160,000 after purchasing an additional 570 shares during the last quarter. This represents an increase of 4% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks. Short shares fell 232,143 over that period.

As of quarter end Bank Of Montreal /can/ had acquired 38,957 shares growing its position 30,199.2%.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 2.27%, and has a solid year to date (YTD) performance of -15.04% which means that the stock is constantly adding to its value from the previous fiscal year end price. Finally, Municipal Employees Retirement System of MI bought a new position in Gigamon in the second quarter valued at approximately $290,000. To measure price-variation, we found GIMO's volatility during a week at 2.22% and during a month it has been found around 2.99%. Gilder Gagnon Howe & Co. Cubist Systematic Strategies LLC purchased a new stake in Gigamon in the second quarter valued at $100,000. LLC now owns 1,255,168 shares of the company's stock worth $46,931,000 after buying an additional 109,824 shares during the period. Finally, Nordea Investment Management AB purchased a new position in shares of Gigamon during the second quarter worth approximately $565,000.

Gigamon Inc.is engaged in providing intelligent Traffic Visibility solutions for enterprises, data centers and service providers. Gigamon had a negative net margin of 0.32% and a negative return on equity of 0.56%. Among active positions in the latest quarter, 129 holders increased their positions by a total of 17.5 million shares, 88 holders decreased the positions by a total of 9.01 million shares, and 24 holders held their positions.

Gigamon Inc. (GIMO) has the market capitalization of $1.43 Billion. The stock has a 50-day moving average of $40.47 and a 200 day moving average of $39.32. The company rocked its 52-Week High of $61.25 and touched its 52-Week Low of $28.5.

Gigamon (NYSE:GIMO) last posted its earnings results on Thursday, October 26th. On average, equities research analysts expect that Gigamon Inc. will post $0.79 earnings per share for the current year. The firm had revenue of $79.20 million for the quarter, compared to analysts' expectations of $84.73 million. During the same quarter previous year, the company posted $0.22 earnings per share. Gigamon's revenue for the quarter was down 5.1% on a year-over-year basis. The technology company reported $0.23 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.23.

Gigamon Inc. (GIMO) has been given an average price target of $45.57 from analysts, according to data collected by Finviz. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. TheStreet upgraded Gigamon from a "hold" rating to a "buy" rating in a research note on Thursday, July 28th. ValuEngine upgraded Gigamon from a sell rating to a hold rating in a research note on Friday, September 1st. The firm has "Hold" rating by Stifel Nicolaus given on Tuesday, August 30. They set a "hold" rating for the company.

When we look at the Analyst Recommendations of the stock, the company has 2.06 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell.

The company is expected to report earnings of $0.33 a share for the next quarter.

In related news, CFO Mike Burns sold 2,068 shares of the business's stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $54.24, for a total value of $112,168.32. Following the sale, the director now directly owns 16,919 shares of the company's stock, valued at approximately $719,734.26. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

In other news, Director Ted C. Ho sold 15,000 shares of Gigamon stock in a transaction dated Monday, August 7th. Insider ownership decreased by a total of 58587 shares, which suggests that GIMO's key executives are feeling less optimistic about the outlook for the stock. WWE share have rallied by 41.79% in percentage terms since the start of the year - and added 13.14% in the last month.

According to VEON Ltd.'s Insider ownership is at 39.60%. Gigamon Inc.is headquartered in Milpitas, California.



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