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Fly News Breaks for October 5, 2016
GIMO
Oct 5, 2016 | 06:06 EDT
Raymond James analyst Simon Leopold downgraded Gigamon to Market Perform citing valuation and concerns over slowing in the security market. Potential upside from the company's new hybrid cloud solution will take time to materialize, Leopold tells investors in a research note. He believes Gigamon remains a growth story, but finds the stock fairly valued at current levels.
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