Gigamon (GIMO) Tops Q3 EPS by 8c

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BofA/Merrill Lynch Upgrades Gigamon (GIMO) to Neutral on Signs of Growth

October 24, 2014 7:26 AM EDT

BofA/Merrill Lynch upgraded Gigamon (NYSE: GIMO) from Underperform to Neutral with a price target of $16.00 (from $11.00) following better than expected results and guidance.

Analyst Tal Liani attributes Gigamons renewed momentum to the recently launched GigaVue-HC2 product, new sales management,... More