Needham & Company Remains Bullish on Gigamon, Inc. (GIMO) Following Tech Talk

Needham & Company reiterate a Buy rating and $38.00 price target on Gigamon (NYSE: GIMO) following GIMO's second Tech Talk. Analyst Alex Henderson came away from the call convinced that GIMO is a critical part of the overall security landscape. Security is the key driver in over half the new customer engagements.

Henderson commented, "Gigamon hosted its second Tech Talk, with this one focused on Security and Gigamon's role. We think they did a superb job of detailing the flaws in the perimeter defense model, the shift to Advanced Persistent Threats and the critical role of a visibility fabric in this evolving paradigm. We come away from the call more convinced that GIMO is a critical part of the overall security landscape. This should continue to drive strong growth, improving margins and improving valuations. We reiterate our Buy rating and $38 target price."

For an analyst ratings summary and ratings history on Gigamon click here. For more ratings news on Gigamon click here.

Shares of Gigamon closed at $33.95 yesterday.

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