Reversal for Gigamon Inc. (NYSE:GIMO)?

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Equity ownership in Gigamon Inc. (NYSE:GIMO) is spread out. As per the latest figures, insiders own 1.50% of the company. That compares with institutional ownership of 89.60%.

In terms of transactions along the lines of equity ownership, the company has seen -42.94% insider transactions and 0.87% institutional transactions in the recent months.

The Barchart Technical Opinion rating is a 64% Buy with a Strongest short term outlook on maintaining the current direction. Longer term, the trend strength is Strong. Long term indicators mostly agree with the trend.

Recently, Gigamon Inc. (NYSE:GIMO) announced today that Arthur (Art) W. Coviello Jr. is joining its board of directors. Art brings over 30 years of security, financial and operational management experience. He is recognized for his many achievements including his two-decade career at RSA. As CEO of RSA and later as an EVP at EMC (which acquired RSA in 2006), he oversaw RSA’s growth from $25 million in 1995 to $1 billion in 2014.

“Art Coviello is one of the most recognized and influential pioneers who defined the cybersecurity industry,” said Corey Mulloy, chairman of the Gigamon Board of Directors. “His deep understanding of the market and proven experience will play a critical role in driving the Company’s leadership as pervasive visibility transcends into core security, cloud and virtualized environments.”

Gigamon Inc. has 36.12M shares outstanding of which 32.93M float. The short float is 9.47%, implying a short ratio of 2.35.

In terms of stock price performance, shares of Gigamon Inc. have moved 33.98% over the last one week and have moved 19.25% over the last one month. Stock performance for the last one quarter is 31.21% and for the last six months is -21.82%. Over the last 12 months shares of Gigamon Inc. have moved 39.95% and their movement so far this year is -9.55%.

What has Gigamon Inc. produced for investors over the last 12 months? The company’s financial documents reveal return on assets for the trailing 12 months is 11.80% and return on equity for the same period is 17.60%. Return on investments for the last 12 months stands at 18.70%.

Where does Gigamon Inc. stands in terms of liquidity and balance sheet strength? The company’s current ratio for the most recent quarter is 3.70 and quick ratio for the same period is 3.50. The company’s Long Term Debt/Equity and Total Debt/Equity ratios for the most recent quarter are 0.00 and 0.00, respectively.

Other performance indicators worth keeping in mind in this stock is that its P/Cash for the most recent quarter is 5.61, while P/Free Cash Flow for the trailing 12 months is 35.95.

Analysts who have weighed on the stock have an average price target of $35.33 on it and average recommendation of 1.80.

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