NetScout Systems, Inc. (NTCT) Rating Reiterated by Royal Bank Of Canada

NetScout Systems, Inc. (NASDAQ:NTCT)‘s stock had its “hold” rating reissued by equities research analysts at Royal Bank Of Canada in a research note issued to investors on Tuesday. They presently have a $35.00 price objective on the technology company’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 6.87% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. BidaskClub upgraded NetScout Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded NetScout Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, B. Riley reiterated a “buy” rating and set a $44.00 target price on shares of NetScout Systems in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $39.50.

Shares of NetScout Systems (NTCT) opened at 32.75 on Tuesday. NetScout Systems has a 12-month low of $26.25 and a 12-month high of $38.47. The company’s 50-day moving average price is $32.60 and its 200 day moving average price is $34.82. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 166.24 and a beta of 1.60.

NetScout Systems (NASDAQ:NTCT) last released its earnings results on Thursday, July 27th. The technology company reported $0.08 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. NetScout Systems had a return on equity of 5.53% and a net margin of 1.60%. The company had revenue of $225.80 million for the quarter, compared to analysts’ expectations of $225.66 million. During the same quarter in the previous year, the firm posted $0.28 EPS. The firm’s quarterly revenue was down 16.1% on a year-over-year basis. On average, equities research analysts forecast that NetScout Systems will post $2.06 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This article was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and international copyright legislation. The original version of this article can be read at https://ledgergazette.com/2017/10/10/netscout-systems-inc-ntct-rating-reiterated-by-royal-bank-of-canada.html.

In other NetScout Systems news, insider Michael Szabados sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $34.60, for a total transaction of $173,000.00. Following the transaction, the insider now owns 39,170 shares in the company, valued at approximately $1,355,282. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.51% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NTCT. Seven Bridges Advisors LLC purchased a new stake in shares of NetScout Systems during the 2nd quarter worth approximately $109,000. Bank of Montreal Can boosted its stake in shares of NetScout Systems by 8.9% during the 2nd quarter. Bank of Montreal Can now owns 3,311 shares of the technology company’s stock worth $113,000 after acquiring an additional 271 shares in the last quarter. Flinton Capital Management LLC boosted its stake in shares of NetScout Systems by 74.5% during the 2nd quarter. Flinton Capital Management LLC now owns 4,608 shares of the technology company’s stock worth $158,000 after acquiring an additional 1,968 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in shares of NetScout Systems by 77.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,158 shares of the technology company’s stock worth $177,000 after acquiring an additional 2,258 shares in the last quarter. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of NetScout Syste

Several other equities analysts have also recently issued reports on the company. BidaskClub upgraded NetScout Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded NetScout Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, B. Riley reiterated a “buy” rating and set a $44.00 target price on shares of NetScout Systems in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $39.50.

Shares of NetScout Systems (NTCT) opened at 32.75 on Tuesday. NetScout Systems has a 12-month low of $26.25 and a 12-month high of $38.47. The company’s 50-day moving average price is $32.60 and its 200 day moving average price is $34.82. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 166.24 and a beta of 1.60.

NetScout Systems (NASDAQ:NTCT) last released its earnings results on Thursday, July 27th. The technology company reported $0.08 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. NetScout Systems had a return on equity of 5.53% and a net margin of 1.60%. The company had revenue of $225.80 million for the quarter, compared to analysts’ expectations of $225.66 million. During the same quarter in the previous year, the firm posted $0.28 EPS. The firm’s quarterly revenue was down 16.1% on a year-over-year basis. On average, equities research analysts forecast that NetScout Systems will post $2.06 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This article was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and international copyright legislation. The original version of this article can be read at https://ledgergazette.com/2017/10/10/netscout-systems-inc-ntct-rating-reiterated-by-royal-bank-of-canada.html.

In other NetScout Systems news, insider Michael Szabados sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $34.60, for a total transaction of $173,000.00. Following the transaction, the insider now owns 39,170 shares in the company, valued at approximately $1,355,282. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.51% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NTCT. Seven Bridges Advisors LLC purchased a new stake in shares of NetScout Systems during the 2nd quarter worth approximately $109,000. Bank of Montreal Can boosted its stake in shares of NetScout Systems by 8.9% during the 2nd quarter. Bank of Montreal Can now owns 3,311 shares of the technology company’s stock worth $113,000 after acquiring an additional 271 shares in the last quarter. Flinton Capital Management LLC boosted its stake in shares of NetScout Systems by 74.5% during the 2nd quarter. Flinton Capital Management LLC now owns 4,608 shares of the technology company’s stock worth $158,000 after acquiring an additional 1,968 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in shares of NetScout Systems by 77.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,158 shares of the technology company’s stock worth $177,000 after acquiring an additional 2,258 shares in the last quarter. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of NetScout Systems during the 1st quarter worth approximately $220,000.

NetScout Systems Company Profile

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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