Gigamon (GIMO) hit a 52-week high Friday after reporting earnings significantly better than expected.
The stock rose 2.70 to close at 32.59 in big volume. That leaves the stock extended from a 29.62 buy point.
Earnings came in at 22 cents a share, better than the 18-cent consensus estimate and 69% better than a year ago. Revenue was $67.2 million, 43% above a year earlier and better than $62.1 million.