Goldman believes Gigamon share weakness due to the Q1 miss attributable to one large deal is overdone. The firm notes that Gigamon does not believe the deal was lost to a competitor and is on indefinite postponement. The firm lowered its price target on Buy rated Gigamon to $32 from $43 and said shares trade at a discount to peers. http://finance.yahoo.com/news/gigamon-shares-defended-goldman-125612323.html
Gigamon (GIMO) Issue 'Isolated', Buy on Weakness - Needham & Company April 8, 2014 7:23 AM EDT Needham & Company analyst Alex Henderson reiterated a Buy rating and $44 price target on Gigamon (NYSE: GIMO)
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Great CC... -$142 million in cash. -Guiding Q2 Revs @ $38-$42 million. -Forecasting Margins @ 78-79
No reason for this stock to be cut in half in less than a month. The answer to the BOFA analysts question was very telling, my interpretation was they are sandbagging Q2 guidance for a blowout next Q jmo. Holding a pile of calls and will not be selling anytime soon. GLTYA
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Needham & Company Upgrades Gigamon (GIMO) to Strong Buy; Sees Shares More than Doubling April 25, 2014 6:21 AM ED
Needham & Company upgraded Gigamon (NYSE: GIMO) from Buy to Strong Buy with a price target of $34, saying they expect a rapid recovery post Q1 miss and sell-off.
Analyst Alex Henderson commented, "GIMO was cut in half on the 1Q miss. It's selling at just 1.6x EV/Sales and 16.7x EV/E. We expect 20%+ growth and sharply expanding margins. We believe GIMO is a leader in a rapidly growing sector that is becoming increasingly strategic. We think the stock is oversold and we are making it one of only three stocks in our coverage rated Strong BuyGIMO was cut in half on the 1Q miss. It's selling at just 1.6x EV/Sales and 16.7x EV/E. We expect 20%+ growth and sharply expanding margins. We believe GIMO is a leader in a rapidly growing sector that is becoming increasingly strategic. We think the stock is oversold and we are making it one of only three stocks in our coverage rated Strong Buy."
For an analyst ratings summary and ratings history on Gigamon click here. For more ratings news on Gigamon click here.
Shares of Gigamon closed at $16.08 yesterday.
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Needham & Company analyst Alex Henderson reiterated a Strong Buy rating and $34 price target on Gigamon (NYSE: GIMO) following an upbeat analyst day.
Henderson commented, "Gigamon's analyst day covered the core issues and we believe it reaffirmed the strength of the story. Management’s timing was good -- by having an analyst day right after missing CY1Q, they had an opportunity to look investors in the eye and say this was not a structural problem but a one-time event. Management reaffirmed its conviction on the company's growth potential, strong systemic drivers, and its unrivaled competitive position."
For an analyst ratings summary and ratings history on Gigamon click here. For more ratings news on Gigamon click here.
Shares of Gigamon closed at $16.84 yesterday
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Credit Suisse Upgrades Gigamon (GIMO) to Outperform
May 8, 2014 7:29 AM ED Credit Suisse upgraded Gigamon (NYSE: GIMO) from Neutral to Outperform with a price target of $25.00.
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