Tech Oversold Stocks: Gigamon (NYSE:GIMO), Ascent Solar Technologies (NASDAQ:ASTI), Lumos Networks (NASDAQ:LMOS), Exa Corp (NASDAQ:EXA)

Gigamon Inc. (NYSE:GIMO) lowered its first quarter revenue outlook based on missing out on a deal with an existing customer. The company reduced its first quarter revenue view to $31M-$31.5M from its previous outlook of $34M-$35M. Gigamon Inc. (NYSE:GIMO) shares after opening at $19.95 moved to $20.01 on last trade day and at the end of the day closed at $17.31. Company price to sales ratio in past twelve months was calculated as 3.93 and price to cash ratio as 3.99. Gigamon Inc. (NYSE:GIMO) showed a negative weekly performance of -45.08%.

On April 1, 2014, Ascent Solar Technologies, Inc., a Delaware corporation (NASDAQ:ASTI), entered into a Stock Purchase Agreement with Ironridge Technology Co., a division of Ironridge Global IV, Ltd., a British Virgin Islands business company, for the private placement of up to $6,000,000 of the Company’s newly designated Series C Preferred Stock. Ascent Solar Technologies, Inc. (NASDAQ:ASTI) shares fell -0.36% in last trading session and ended the day on $0.548. ASTI return on equity ratio is recorded as -96.60% and its return on assets is -75.40%. Ascent Solar Technologies, Inc. (NASDAQ:ASTI) yearly performance is -3.86%.

Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Lumos Networks Corp. (NASDAQ:LMOS) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for the amendment of the 2011 Equity and Cash Incentive Plan. Lumos Networks Corp (NASDAQ:LMOS) shares moved up 0.00% in last trading session and was closed at $12.39, while trading in range of $12.28 – $12.67. Lumos Networks Corp (NASDAQ:LMOS) year to date (YTD) performance is -40.43%.

Exa Corporation (NASDAQ:EXA) saw a big move last session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. Exa Corp (NASDAQ:EXA) weekly performance is -9.14%. On last trading day company shares ended up $12.03. Exa Corp (NASDAQ:EXA) distance from 50-day simple moving average (SMA50) is -15.56%. Analysts mean target price for the company is $17.38.