Shares of NetScout Systems, Inc. (NASDAQ:NTCT) have earned a consensus rating of “Hold” from the eight brokerages that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $28.00.
A number of equities research analysts recently commented on NTCT shares. Piper Jaffray Companies started coverage on shares of NetScout Systems in a research report on Monday, November 13th. They issued an “overweight” rating and a $34.00 price objective for the company. Zacks Investment Research upgraded shares of NetScout Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. BidaskClub upgraded shares of NetScout Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. DA Davidson downgraded shares of NetScout Systems from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $37.00 to $27.00 in a research report on Wednesday, January 10th. Finally, Craig Hallum set a $23.00 price objective on shares of NetScout Systems and gave the company a “hold” rating in a research report on Wednesday, January 10th.
In other news, insider John Downing sold 3,000 shares of NetScout Systems stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $28.20, for a total transaction of $84,600.00. Following the completion of the sale, the insider now directly owns 47,427 shares in the company, valued at approximately $1,337,441.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.51% of the stock is currently owned by company insiders.
Shares of NetScout Systems (NASDAQ NTCT) traded up $0.12 during trading hours on Friday, reaching $27.67. 347,471 shares of the company were exchanged, compared to its average volume of 1,401,141. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.61 and a current ratio of 1.70. The firm has a market capitalization of $2,382.39, a P/E ratio of 29.19, a P/E/G ratio of 2.62 and a beta of 1.52. NetScout Systems has a 1 year low of $25.50 and a 1 year high of $38.47.
NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings data on Tuesday, January 30th. The technology company reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.02. The firm had revenue of $272.00 million during the quarter, compared to the consensus estimate of $271.36 million. NetScout Systems had a net margin of 7.95% and a return on equity of 5.34%. The firm’s revenue was down 12.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 earnings per share. analysts predict that NetScout Systems will post 1.04 earnings per share for the current fiscal year.
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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