Media headlines about Gigamon (NYSE:GIMO) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Gigamon earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 45.8713286101908 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Gigamon (NYSE:GIMO) last posted its quarterly earnings data on Thursday, October 26th. The technology company reported $0.23 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.23. Gigamon had a net margin of 2.75% and a return on equity of 2.98%. The business had revenue of $79.20 million for the quarter, compared to analyst estimates of $84.73 million. During the same quarter last year, the business earned $0.36 earnings per share. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. analysts expect that Gigamon will post -0.12 EPS for the current year.

GIMO has been the topic of several analyst reports. Needham & Company LLC lowered shares of Gigamon from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. BidaskClub lowered shares of Gigamon from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Dougherty & Co lowered shares of Gigamon from a “buy” rating to a “neutral” rating in a research note on Friday, October 27th. JMP Securities lowered shares of Gigamon from an “outperform” rating to a “market perform” rating in a research note on Friday, October 6th. Finally, Stifel Nicolaus lowered shares of Gigamon from a “buy” rating to a “hold” rating and dropped their price target for the company from $48.00 to $38.50 in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. Gigamon currently has a consensus rating of “Hold” and a consensus price target of $45.09.

In related news, 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 transaction of $79,875.60. Following the completion of the sale, the senior vice president now directly owns 28,185 shares in the company, valued at $1,086,531.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ted C. Ho sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $38.51, for a total transaction of $1,155,300.00. Following the sale, the director now owns 16,919 shares of the company’s stock, valued at $651,550.69. The disclosure for this sale can be found here. Insiders have sold 47,072 shares of company stock worth $1,815,376 in the last quarter. Company insiders own 4.50% of the company’s stock.

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About Gigamon

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.

Insider Buying and Selling by Quarter for Gigamon (NYSE:GIMO)

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