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Fly News Breaks for July 18, 2016
GIMO
Jul 18, 2016 | 08:52 EDT
Needham analyst Alex Henderson raised his price target for Gigamon to $50 from $40 ahead of quarterly results, saying that the company is positioned to "beat and raise" again. Gigamon is delivering "strong performance" despite a sluggish environment, Henderson tells investors in a research note, adding that he thinks the company's growth deserves a higher valuation. He reiterates a Buy rating on the shares.
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