Equities analysts forecast that NetScout Systems, Inc. (NASDAQ:NTCT) will report $197.20 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for NetScout Systems’ earnings, with the highest sales estimate coming in at $197.40 million and the lowest estimate coming in at $197.00 million. NetScout Systems posted sales of $205.97 million during the same quarter last year, which suggests a negative year-over-year growth rate of 4.3%. The company is scheduled to issue its next earnings results on Thursday, July 25th.
According to Zacks, analysts expect that NetScout Systems will report full-year sales of $903.25 million for the current year, with estimates ranging from $903.00 million to $903.50 million. For the next fiscal year, analysts anticipate that the company will report sales of $936.65 million, with estimates ranging from $931.00 million to $942.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for NetScout Systems.
NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.61 by $0.05. The firm had revenue of $235.00 million for the quarter, compared to analyst estimates of $235.04 million. NetScout Systems had a positive return on equity of 3.16% and a negative net margin of 8.06%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 earnings per share.
Several equities analysts have recently commented on NTCT shares. ValuEngine lowered NetScout Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Zacks Investment Research upgraded NetScout Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Piper Jaffray Companies lowered NetScout Systems from an “overweight” rating to a “neutral” rating and cut their price target for the company from $31.00 to $30.00 in a research note on Wednesday, April 10th. Finally, BidaskClub lowered NetScout Systems from a “hold” rating to a “sell” rating in a research note on Monday, May 20th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. NetScout Systems has an average rating of “Hold” and an average price target of $29.00.
In other NetScout Systems news, insider John Downing sold 3,000 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $26.41, for a total value of $79,230.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Szabados sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $28.10, for a total value of $168,600.00. Following the completion of the sale, the insider now directly owns 37,403 shares of the company’s stock, valued at approximately $1,051,024.30. The disclosure for this sale can be found here. 3.93% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. HAP Trading LLC acquired a new stake in NetScout Systems in the first quarter worth about $517,000. Bank of America Corp DE lifted its holdings in shares of NetScout Systems by 8.1% during the fourth quarter. Bank of America Corp DE now owns 654,784 shares of the technology company’s stock worth $15,473,000 after purchasing an additional 49,235 shares during the period. Mason Street Advisors LLC lifted its holdings in shares of NetScout Systems by 1.7% during the first quarter. Mason Street Advisors LLC now owns 37,250 shares of the technology company’s stock worth $1,046,000 after purchasing an additional 618 shares during the period. AlphaCrest Capital Management LLC acquired a new stake in shares of NetScout Systems during the fourth quarter worth about $371,000. Finally, Tibra Equities Europe Ltd acquired a new stake in shares of NetScout Systems during the fourth quarter worth about $357,000.
Shares of NetScout Systems stock traded up $0.39 during trading on Thursday, hitting $24.37. 16,731 shares of the stock traded hands, compared to its average volume of 466,707. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 30.11, a P/E/G ratio of 2.64 and a beta of 1.38. The company has a current ratio of 2.11, a quick ratio of 2.04 and a debt-to-equity ratio of 0.27. NetScout Systems has a 52-week low of $21.58 and a 52-week high of $31.77. The firm’s fifty day moving average is $25.71.
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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