Stocks Hitting 52-Week Lows

Gigamon GIMO shares fell 31.45% to touch a new 52-week low of $17.96 after the company lowered its revenue outlook for the latest quarter. Gigamon projected revenue of $31 million to $31.5 million, versus its earlier forecast of $34 million to $35 million. Honda Motor Co HMC shares reached a new 52-week low of $33.598. Honda shares have dropped 12.12% over the past 52 weeks, while the S&P 500 index has gained 18.04% in the same period. Lands' End LE shares slipped 7.51% to reach a new 52-week low of $27.33. Lands' End shares begun trading after Sears Holdings SHLD completed the spin-off of its Lands' End business. Procera Networks PKT shares fell 1.66% to touch a new 52-week low of $9.50. Procera's PEG ratio is 4.07.