NetScout Systems (NTCT) Updates FY18 Earnings Guidance

NetScout Systems (NASDAQ:NTCT) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of $1.30-1.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.99. The company issued revenue guidance of $1.0-1.025 billion, compared to the consensus revenue estimate of $1.18 billion.NetScout Systems also updated its Q3 guidance to $0.66-0.69 EPS.

A number of analysts have recently issued reports on the stock. KeyCorp reiterated a hold rating on shares of NetScout Systems in a report on Wednesday, October 11th. Royal Bank of Canada reiterated a hold rating and issued a $35.00 price objective on shares of NetScout Systems in a report on Tuesday, October 10th. BidaskClub downgraded shares of NetScout Systems from a hold rating to a sell rating in a report on Saturday. Zacks Investment Research upgraded shares of NetScout Systems from a sell rating to a hold rating in a report on Wednesday, December 27th. Finally, B. Riley reiterated a buy rating and issued a $36.00 price objective on shares of NetScout Systems in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $33.20.

NetScout Systems (NASDAQ:NTCT) opened at $30.40 on Wednesday. The firm has a market cap of $2,650.00, a price-to-earnings ratio of 168.89, a P/E/G ratio of 1.87 and a beta of 1.60. NetScout Systems has a fifty-two week low of $27.65 and a fifty-two week high of $38.47. The company has a current ratio of 1.60, a quick ratio of 1.51 and a debt-to-equity ratio of 0.14.

NetScout Systems (NASDAQ:NTCT) last issued its earnings results on Thursday, October 26th. The technology company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.03. The business had revenue of $256.90 million for the quarter, compared to the consensus estimate of $251.13 million. NetScout Systems had a net margin of 1.52% and a return on equity of 5.15%. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.39 earnings per share. analysts anticipate that NetScout Systems will post 1.59 EPS for the current year.

NetScout Systems declared that its Board of Directors has authorized a share buyback program on Thursday, October 26th that permits the company to buyback 25,000,000 outstanding shares. This buyback authorization permits the technology company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

In related news, EVP John Downing sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $28.17, for a total transaction of $84,510.00. Following the transaction, the executive vice president now directly owns 88,821 shares in the company, valued at $2,502,087.57. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael Szabados sold 5,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $28.19, for a total transaction of $140,950.00. Following the transaction, the insider now owns 43,424 shares in the company, valued at $1,224,122.56. The disclosure for this sale can be found here. 3.51% of the stock is currently owned by insiders.

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About NetScout Systems

NetScout Systems, Inc (NetScout) provides operational intelligence and performance analytics for service assurance and cyber security solutions. The Company’s solutions are used in various service provider, enterprise and government networks. Its nGenius and Infinistream technologies, along with certain product lines from the acquired businesses, enable information technology (IT) organizations to manage service delivery quality, and identify and address business service performance issues and security threats.

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