Gigamon Could Be Takeover Target, Says Goldman Sachs

By | January 31, 2014

Scalper1 News

Gigamon (GIMO) stock jumped Friday after Goldman Sachs upgraded the company on views that distribution agreements will drive 2014 revenue growth ahead of estimates and that the company is a potential takeover target. Milpitas, Calif.-based Gigamon, which sells communications network hardware “appliances” that analyze and manage data traffic, is set to report Q4 earnings on Tuesday. Analysts estimate Q4 EPS of 12 cents, even with the year-earlier Scalper1 News

Scalper1 News