According to Zacks, “NetScout Systems, Inc. is a leading provider of business assurance – a powerful combination of service assurance, cybersecurity, and business intelligence solutions – for today’s most demanding service provider, enterprise and government networks. NETSCOUT’s Adaptive Service Intelligence (ASI) technology continuously monitors the service delivery environment to identify performance issues and provides insight into network-based security threats, helping teams to quickly resolve issues that can cause business disruptions or impact user experience. NETSCOUT delivers unmatched service visibility and protects the digital infrastructure that supports our connected world. “
Several other analysts also recently issued reports on NTCT. Lake Street Capital set a $33.00 price objective on shares of NetScout Systems and gave the stock a “buy” rating in a research note on Wednesday, December 26th. ValuEngine downgraded shares of NetScout Systems from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Piper Jaffray Companies downgraded shares of NetScout Systems from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $31.00 to $30.00 in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $29.00.
Shares of NASDAQ NTCT opened at $28.27 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.08 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 2.33 and a beta of 1.30. NetScout Systems has a 1 year low of $21.58 and a 1 year high of $31.77.
NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings data on Wednesday, January 30th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.05. The business had revenue of $246.00 million during the quarter, compared to the consensus estimate of $237.17 million. NetScout Systems had a negative net margin of 8.32% and a positive return on equity of 2.09%. The firm’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 earnings per share. On average, sell-side analysts predict that NetScout Systems will post 0.81 earnings per share for the current fiscal year.
In other news, insider Michael Szabados sold 6,000 shares of NetScout Systems stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $25.85, for a total transaction of $155,100.00. Following the completion of the sale, the insider now owns 49,403 shares of the company’s stock, valued at $1,277,067.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Downing sold 3,000 shares of NetScout Systems 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 sale, the insider now directly owns 98,366 shares of the company’s stock, valued at approximately $2,624,404.88. The disclosure for this sale can be found here. Insiders have sold 12,500 shares of company stock valued at $333,140 in the last ninety days. Insiders own 3.93% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc raised its stake in shares of NetScout Systems by 0.3% during the third quarter. Vanguard Group Inc now owns 7,073,420 shares of the technology company’s stock valued at $178,603,000 after acquiring an additional 19,515 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of NetScout Systems by 0.3% during the third quarter. Vanguard Group Inc. now owns 7,073,420 shares of the technology company’s stock valued at $178,603,000 after acquiring an additional 19,515 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of NetScout Systems by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,697,908 shares of the technology company’s stock valued at $158,272,000 after acquiring an additional 41,669 shares in the last quarter. Norges Bank bought a new stake in shares of NetScout Systems during the fourth quarter valued at approximately $32,308,000. Finally, Macquarie Group Ltd. raised its stake in shares of NetScout Systems by 0.5% during the fourth quarter. Macquarie Group Ltd. now owns 1,273,115 shares of the technology company’s stock valued at $30,084,000 after acquiring an additional 6,700 shares in the last quarter.
About NetScout Systems
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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