Gigamon Inc. was a big mover last session, as the company saw its shares rise more than 5% on the day. The upside was driven by the company’s announcement of double-digit increases in sales and earnings, thereby triggering a breakout from a short consolidation. This breaks the recent trend of the company since Aug 17, as the stock is now trading above the volatile price range of $44.37 to $45.48.

In the last 30 days, the company has seen no estimate revision and the Zacks Consensus Estimate also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.     

Gigamon currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

GIGAMON INC Price

 

GIGAMON INC Price | GIGAMON INC Quote

A better-ranked Communications Components stock is ARRIS International plc , which holds a Zacks Rank #2 (Buy).

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