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Fly News Breaks for January 18, 2017
GIMO
Jan 18, 2017 | 09:09 EDT
Needham analyst Alex Henderson lowered his price target for Gigamon to $48 from $58 as the company "stumbles in Q4" after nine consecutive "beat and raise" quarters. Nonetheless, the analyst "strongly believes" that Gigamon's story remains intact, though he is nervous there could be "more of a systemic issue" under the surface that is not visible at this time. Henderson is a buyer on weakness but expects turbulence for another quarter. He reiterates a Buy rating on the shares.
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