Gigamon (GIMO) Given Daily News Impact Rating of 0.18
News stories about Gigamon (NYSE:GIMO) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Gigamon earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 45.4587379515301 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Gigamon (GIMO) opened at $38.50 on Friday.
GIMO has been the topic of several research analyst reports. Dougherty & Co downgraded Gigamon from a “buy” rating to a “neutral” rating in a research note on Friday, October 27th. Needham & Company LLC downgraded Gigamon from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Stifel Nicolaus downgraded Gigamon from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $48.00 to $38.50 in a research note on Friday, October 27th. Finally, BidaskClub downgraded Gigamon from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. Gigamon has an average rating of “Hold” and an average target price of $41.10.
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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