NEW YORK (TheStreet) -- Gigamon (GIMO) stock is up 4.04% to $21.53 in midday trading on Monday after Barclays upgraded the company to "overweight" from "equal weight," and increased its price target to $26 from $21. 

Gigamon is engaged in developing a solution that delivers pervasive and dynamic intelligent visibility of traffic across networks.

"We believe that Gigamon is rapidly emerging with a security angle and could provide further upside to consensus this year," Barclays analysts said.  

The firm noted that they see more upside potential, and that Gigamon is seeing a strong tailwind from security, including a 50% of sales in cyber security, an aspect of the story which seems to be under appreciated. 

Separately, TheStreet Ratings team rates GIGAMON INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate GIGAMON INC (GIMO) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and weak operating cash flow."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• GIMO's revenue growth has slightly outpaced the industry average of 10.4%. Since the same quarter one year prior, revenues rose by 18.9%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
• GIMO has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with this, the company maintains a quick ratio of 2.64, which clearly demonstrates the ability to cover short-term cash needs.
• GIGAMON INC has shown improvement in its earnings for its most recently reported quarter when compared with the same quarter a year earlier. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, GIGAMON INC reported poor results of -$1.27 versus -$0.32 in the prior year. This year, the market expects an improvement in earnings ($0.36 versus -$1.27).
• Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Software industry and the overall market, GIGAMON INC's return on equity significantly trails that of both the industry average and the S&P 500.
• Net operating cash flow has decreased to $15.96 million or 28.29% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.
• You can view the full analysis from the report here: GIMO Ratings Report