- Goldman has upgraded Gigamon (GIMO +9.5%) to Buy ahead of its Tuesday Q4 report. Analyst Kent Schofield, who sees 36% upside to his $38 PT, says the upgrade is in response to the selloff Gigamon has witnessed since its positive Oct. 21 pre-announcement.
- Schofield thinks Gigamon's light Q4 and 2014 op. margin guidance (provided following its November Q3 report) is responsible for its selloff. He asserts the company's leading position in an underpenetrated market for network visibility fabric hardware (interacts with other networking hardware to monitor/analyze traffic) will yield better-than-expected 2014 results.
Gigamon soars on pre-earnings Goldman upgrade
Jan 31 2014, 13:09 ET