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Fly News Breaks for October 13, 2016
GIMO
Oct 13, 2016 | 06:57 EDT
BofA/Merrill analyst Dariush P. Ruch-Kamgar upgraded Gigamon to Buy and raised its price target to $61 from $48 saying security-related network momentum is strong could sees double-digit growth over the long-term. The analyst said Gigamon's recent products such as GigaSECURE platform are performing well and the company is well positioned to extend its leadership and grow operating margins long-term.
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