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Increased Earnings Estimates Seen for Gigamon (GIMO): Can It Move Higher?
November 15, 2016

GIMO

Trades from $3

Gigamon, Inc. (GIMO - Free Report) is an intelligent Traffic Visibility solutions providing company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on GIMO’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Gigamon could be a solid choice for investors.

Current Quarter Estimates for GIMO

In the past 30 days, 3 estimates have gone higher for Gigamon while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 15 cents a share 30 days ago, to 19 today, a move of 26.7%.

Current Year Estimates for GIMO

Meanwhile, Gigamon’s current year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 50 cents per share 30 days ago to 56 cents per share today, an increase of 12%.

GIGAMON INC Price and Consensus

Bottom Line

The stock has also started to move higher lately, adding 18.2% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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