William Blair Downgrades Gigamon (GIMO) to Market Perform

DA Davidson Downgrades Gigamon (GIMO) to Neutral

DA Davidson downgraded Gigamon (NYSE: GIMO) from Buy to Neutral.

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 $18.18 yesterday.

Goldman Sachs Downgrades Gigamon (GIMO) to Neutral

Goldman Sachs downgraded Gigamon (NYSE: GIMO) from Buy to Neutral with a price target of $14.00 (from $29.00). The change follows weak Q2 results.

Analyst Kent Schofield said, "Even after the 29%+ decline in the afterhours share price, we expect shares will remain in the... More

Needham & Company Downgrades Gigamon (GIMO) to Buy

Needham & Company downgraded Gigamon (NYSE: GIMO) from Strong Buy to Buy with a price target of $20.00 (from $34.00).

Analyst Alex Henderson tates, "Gigamon pre-released its 2Q results after the close and offered very little in the way of detail. Moreover, they... More

BofA/Merrill Lynch Downgrades Gigamon (GIMO) to Underperform

BofA/Merrill Lynch downgraded Gigamon (NYSE: GIMO) from Neutral to Underperform with a price target of $11.00 (from $23.00) following Q2 negative pre-announcement.

Analyst Tal Liani notes this is the second negative preannouncement in a row for Gigamon. With guidance for gross margins and operating... More

Gigamon (GIMO) Prelim. Q2 Revs Miss Expectations

Gigamon (NYSE: GIMO) announced preliminary results for the second quarter of fiscal year 2014 ended June 28, 2014.

Gigamon expects revenue for the second quarter to be approximately $34.5 million to $35.0 million, below the company's previously stated guidance of $38.0 million to $42.0 million.

*** The Street sees revs of $40.2 million.

Gross margins and... More