Gigamon (GIMO) was among the biggest gainers on the Russell 2000 for Tuesday January 26 as the stock popped 5.41% to $24.74, representing a gain of $1.27 per share. Some 450,507 shares traded hands on 3,360 trades, compared with an average daily volume of 350,524 shares out of a total float of 34.02 million. The stock opened at $23.52 and traded with an intraday range of $24.86 to $22.87.
After today's gains, Gigamon reached a market cap of $841.72 million. Gigamon has had a trading range between $34.80 and $15.22 over the last year, and it had a 50-day SMA of $25.95 and a 200-day SMA of $27.03.
The stock has a P/E Ratio of 122.8.
Gigamon Inc develops a solution that delivers visibility of traffic across networks. Its solution, Unified Visibility Fabric, consists of a distributed system of nodes that enables level of visibility, modification and control of network traffic.
Gigamon is based out of Santa Clara, CA and has some 371 employees. Its CEO is Paul A. Hooper.
For a complete fundamental analysis analysis of Gigamon, check out Equities.com’s Stock Valuation Analysis report for GIMO. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.
The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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