Equities research analysts expect that NetScout Systems, Inc. (NASDAQ:NTCT) will report $257.05 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for NetScout Systems’ earnings, with estimates ranging from $251.14 million to $265.00 million. NetScout Systems posted sales of $327.24 million in the same quarter last year, which would indicate a negative year over year growth rate of 21.4%. The business is scheduled to report its next earnings results on Thursday, May 3rd.
On average, analysts expect that NetScout Systems will report full year sales of $257.05 million for the current year, with estimates ranging from $1.01 billion to $1.03 billion. For the next financial year, analysts expect that the business will post sales of $1.01 billion per share, with estimates ranging from $1.00 billion to $1.03 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for NetScout Systems.
NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings data on Tuesday, January 30th. The technology company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.02. The business had revenue of $272.00 million during the quarter, compared to analysts’ expectations of $271.36 million. NetScout Systems had a return on equity of 5.34% and a net margin of 7.95%. The business’s quarterly revenue was down 12.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS.
NTCT has been the subject of several recent research reports. Piper Jaffray Companies set a $30.00 price objective on NetScout Systems and gave the company a “buy” rating in a research note on Thursday, January 11th. B. Riley lifted their price objective on NetScout Systems from $28.50 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Royal Bank of Canada reiterated a “hold” rating on shares of NetScout Systems in a research note on Tuesday, January 30th. BidaskClub upgraded NetScout Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Finally, Zacks Investment Research upgraded NetScout Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $28.50.
NetScout Systems (NASDAQ NTCT) opened at $27.55 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.70 and a quick ratio of 1.61. The stock has a market capitalization of $2,395.48, a PE ratio of 19.89, a PEG ratio of 2.63 and a beta of 1.52. NetScout Systems has a 52 week low of $25.50 and a 52 week high of $38.47.
In related news, insider John Downing sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was 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 owns 47,427 shares in the company, valued at $1,337,441.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.51% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stevens Capital Management LP acquired a new position in NetScout Systems during the third quarter worth approximately $206,000. Suntrust Banks Inc. acquired a new position in NetScout Systems during the fourth quarter worth approximately $214,000. Jefferies Group LLC acquired a new position in NetScout Systems during the fourth quarter worth approximately $228,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in NetScout Systems by 170.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,591 shares of the technology company’s stock worth $231,000 after buying an additional 4,788 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new position in NetScout Systems during the third quarter worth approximately $241,000.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for NetScout Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetScout Systems and related companies with MarketBeat.com's FREE daily email newsletter.