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GIMO

Taken Private by Elliott

$40.95

-2.6 (-5.97%)

14:44
10/06/17
10/06
14:44
10/06/17
14:44

Gigamon downgraded to Market Perform at JMP Securities

As previously reported, JMP Securities analyst Erik Suppiger downgraded Gigamon to Market Perform from Outperform, stating that the report that Elliot Management's takeover talks have stalled over price disagreements suggests that no other bidders are likely to make an offer. Given Elliot's Evergreen "may want to establish credibility as an acquisition fund," Suppiger assumes a likely take-out price is in the range of $40-$43 per share.

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    Dec

GIMO Taken Private by Elliott
$40.95

-2.6 (-5.97%)

10/06/17
JMPS
10/06/17
DOWNGRADE
JMPS
Market Perform
Gigamon downgraded to Market Perform from Outperform at JMP Securities
09/12/17
NEED
09/12/17
NO CHANGE
NEED
Gigamon outlook positive, shares could reach $55-$60, says Needham
After media outlets reported that Elliott Management's private equity arm had submitted a bid to acquire Gigamon (GIMO), Needham analyst Alex Henderson believes that there are "three likely outcomes" to the situation: Gigamon will be acquired by private equity firms for $50+; Gigamon becomes a takeover target for strategic players such as F5 (FFIV), Oracle (ORCL), HP (HPE), and Juniper (JNPR);, or the company reports strong Q3 and Q4 results and the stock rallies. The analyst says that the stock could reach $55-$60 if a bidding war materializes. He reiterates a $50 price target and a Buy rating on the shares.
09/12/17
JMPS
09/12/17
NO CHANGE
Target $47
JMPS
Outperform
Gigamon acquisition price of $47 'easily justifiable,' says JMP Securities
JMP Securities analyst Erik Suppiger noted that Reuters reported that Elliott Management's private equity arm has made a formal bid to purchase Gigamon, in which the activist investor already holds a roughly 15% stake. Elliott's bid is assumed to be meant to force Gigamon management to initiate a formal sale process or give Elliott an attractive asset at a depressed price, said Suppiger, who sees $47 as an "easily justifiable acquisition price" for the company. He keeps an Outperform rating and $47 price target on Gigamon shares.
07/31/17
DOTC
07/31/17
UPGRADE
DOTC
Buy
Gigamon upgraded to Buy from Neutral at Dougherty

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BX

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ASND

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HD

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DIS

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LEXEB

Liberty Expedia Holdings

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WEN

Wendy's

$16.22

0.12 (0.75%)

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TMUS

T-Mobile

$59.42

-1.09 (-1.80%)

, DTEGY

Deutsche Telekom

$16.20

-0.07 (-0.43%)

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Deutsche Telekom

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LEXEB

Liberty Expedia Holdings

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OC

Owens Corning

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SNAP

Snap

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STMP

Stamps.com

$184.95

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PG

Procter & Gamble

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HST

Host Hotels

, AOBC

American Outdoor Brands

$10.06

-0.12 (-1.18%)

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NXPI

NXP Semiconductors

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CHK

Chesapeake

P

Pandora

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Walmart

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LMFA

LM Funding

$1.51

0.08 (5.59%)

, LFIN

Longfin

$34.20

-2.03 (-5.60%)

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LMFA

LM Funding

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LFIN

Longfin

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QTS

QTS Realty Trust

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FSLR

First Solar

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AVGO

Broadcom

$248.62

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, QCOM

Qualcomm

$63.40

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09:36
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Broadcom, Qualcomm, Xilinx, Analog Devices, Maxim Integrated, Marvell, Microsemi analyst commentary  »

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AVGO

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QCOM

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XLNX

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ADI

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MXIM

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MRVL

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MSCC

Microsemi

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IDGX

AltheaDx

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SFM

Sprouts Farmers Market

$26.12

0.12 (0.46%)

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Sprouts Farmers Market sees FY18 EPS $1.22-$1.28, consensus $1.23 »

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