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Fly News Breaks for October 28, 2016
GIMO
Oct 28, 2016 | 08:45 EDT
William Blair analyst Jason Ader says Gigamon last night posted its ninth consecutive beat-and-raise quarter. The analyst believes the company's top-line momentum can continue into 2017. At around $52 per share, the stock trades at a cash-adjusted P/E multiple of 31.5 times our 2017 estimate, which looks attractive relative to the company's growth trajectory, Ader tells investors in a post-earnings research note. He reiterates an Outperform rating on Gigamon.
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