NetScout Systems (NTCT) Updates FY 2019 Earnings Guidance

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NetScout Systems (NASDAQ:NTCT) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.30-1.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.32. The company issued revenue guidance of $925-925 million, compared to the consensus revenue estimate of $933.76 million.NetScout Systems also updated its FY19 guidance to $1.30-1.35 EPS.

NASDAQ NTCT opened at $27.67 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.08 and a quick ratio of 2.00. NetScout Systems has a twelve month low of $21.58 and a twelve month high of $31.77. The stock has a market capitalization of $2.16 billion, a P/E ratio of 27.95, a P/E/G ratio of 3.45 and a beta of 1.31.

NetScout Systems (NASDAQ:NTCT) last released its earnings results on Wednesday, January 30th. The technology company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.05. NetScout Systems had a negative net margin of 8.32% and a positive return on equity of 2.09%. The business had revenue of $246.00 million during the quarter, compared to analysts’ expectations of $237.17 million. During the same quarter last year, the company earned $0.69 earnings per share. The firm’s revenue was down 8.5% on a year-over-year basis. As a group, sell-side analysts anticipate that NetScout Systems will post 0.81 earnings per share for the current year.

A number of brokerages have commented on NTCT. BidaskClub upgraded shares of NetScout Systems from a sell rating to a hold rating in a research note on Saturday, October 27th. Craig Hallum set a $25.00 price target on shares of NetScout Systems and gave the stock a hold rating in a research note on Thursday, November 1st. Zacks Investment Research upgraded shares of NetScout Systems from a hold rating to a buy rating and set a $28.00 price target for the company in a research note on Friday, February 1st. ValuEngine cut shares of NetScout Systems from a buy rating to a hold rating in a research note on Monday, February 4th. Finally, Lake Street Capital set a $33.00 price target on shares of NetScout Systems and gave the stock a buy rating in a research note on Wednesday, December 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $29.25.

In other news, insider John Downing sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $26.68, for a total transaction of $80,040.00. Following the completion of the sale, the insider now owns 98,366 shares of the company’s stock, valued at $2,624,404.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Joseph G. Hadzima, Jr. sold 1,750 shares of the firm’s stock in a transaction that occurred on Tuesday, November 27th. The stock was sold at an average price of $25.63, for a total transaction of $44,852.50. Following the sale, the director now directly owns 117,298 shares of the company’s stock, valued at approximately $3,006,347.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,750 shares of company stock valued at $279,993. Corporate insiders own 3.93% of the company’s stock.

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NetScout Systems Company Profile

NetScout Systems, Inc provides real-time operational intelligence and performance analytics for digital business services against disruptions in availability, performance, and security in the United States, Europe, Asia, and internationally. The company offers nGeniusONE management software that enables customers to predict, preempt, and resolve network and service delivery problems, as well as facilitate the optimization and capacity planning of their network infrastructures; and specialized platforms and analytic modules that enable its customers to analyze and troubleshoot traffic in radio access and Wi-Fi networks.

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Earnings History and Estimates for NetScout Systems (NASDAQ:NTCT)

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