Several other equities research analysts have also recently weighed in on the stock. BidaskClub cut shares of NetScout Systems from a hold rating to a sell rating in a research note on Saturday. ValuEngine cut shares of NetScout Systems from a hold rating to a sell rating in a research note on Wednesday, May 2nd. Zacks Investment Research cut shares of NetScout Systems from a strong-buy rating to a hold rating in a research note on Wednesday, April 4th. Piper Jaffray set a $32.00 target price on shares of NetScout Systems and gave the company a buy rating in a research note on Monday, February 12th. Finally, B. Riley increased their target price on shares of NetScout Systems from $28.50 to $30.00 and gave the company a buy rating in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $28.50.
NTCT stock opened at $27.90 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 1.74. NetScout Systems has a 52-week low of $23.15 and a 52-week high of $38.20. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 2.42 and a beta of 1.54.
NetScout Systems (NASDAQ:NTCT) last released its earnings results on Thursday, May 3rd. The technology company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.01. NetScout Systems had a net margin of 8.06% and a return on equity of 4.07%. The business had revenue of $238.50 million during the quarter, compared to analysts’ expectations of $254.42 million. During the same quarter last year, the company earned $0.65 earnings per share. The firm’s revenue was down 25.2% on a year-over-year basis. equities analysts anticipate that NetScout Systems will post 1.09 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of NTCT. Suntrust Banks Inc. acquired a new position in NetScout Systems in the fourth quarter worth about $214,000. Jefferies Group LLC acquired a new position in NetScout Systems in the fourth quarter worth about $228,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in NetScout Systems by 170.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,591 shares of the technology company’s stock worth $231,000 after purchasing an additional 4,788 shares in the last quarter. CHICAGO TRUST Co NA acquired a new position in NetScout Systems in the fourth quarter worth about $283,000. Finally, Xact Kapitalforvaltning AB acquired a new position in NetScout Systems in the fourth quarter worth about $284,000.
About NetScout Systems
NetScout Systems, Inc provides real-time operational intelligence and performance analytics for service assurance, and cybersecurity solutions 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 WiFi networks, as well as gain timely insight into services, applications, and systems.
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