In yesterday’s Wall Street session, NetScout Systems Inc. (NASDAQ:NTCT) shares traded at $27.13, down -1.45% from the previous session.
3 analysts cover NetScout Systems Inc. (NASDAQ:NTCT), according to research data. The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $38.00 and a low of $30.00, we find $36.00. Given the previous closing price of $27.53, this indicates a potential upside of 30.77 percent. NTCT stock price is now -11.48% away from the 50-day moving average and -17.88% away from the 200-day moving average. The market capitalization of the company currently stands at $1.94B.
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The stock has received a hold rating from 2 analysts and a buy rating from 0. Brokers who have rated the stock have averaged $34.67 as their price target over the next twelve months.
With the price target reduced from $35 to $33, Piper Sandler Downgraded its rating from Neutral to Underweight for NetScout Systems Inc. (NASDAQ: NTCT). On October 30, 2020, Lake Street Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $26, while ‘Piper Sandler’ rates the stock as ‘Neutral’.
In other news, DOWNING JOHN, EVP, World-Wide Sales sold 3,000 shares of the company’s stock on Feb 16. The stock was sold for $90,300 at an average price of $30.10. Upon completion of the transaction, the EVP, World-Wide Sales now directly owns 110,086 shares in the company, valued at $2.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 15, Director HADZIMA JOSEPH G JR sold 2,000 shares of the business’s stock. A total of $60,000 was realized by selling the stock at an average price of $30.00. This leaves the insider owning 132,298 shares of the company worth $3.59 million. Insiders disposed of 134,433 shares of company stock worth roughly $3.65 million over the past 1 year. A total of 1.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NTCT stock. A new stake in NetScout Systems Inc. shares was purchased by TWINBEECH CAPITAL LP during the first quarter worth $2,201,000. SCHRODER INVESTMENT MANAGEMENT GROUP invested $1,553,000 in shares of NTCT during the first quarter. In the first quarter, CANADA PENSION PLAN INVESTMENT BOARD acquired a new stake in NetScout Systems Inc. valued at approximately $1,370,000. HRT FINANCIAL LP acquired a new stake in NTCT for approximately $1,170,000. ERGOTELES LLC purchased a new stake in NTCT valued at around $975,000 in the second quarter. In total, there are 323 active investors with 98.07% ownership of the company’s stock.
On Monday morning NetScout Systems Inc. (NASDAQ: NTCT) stock kicked off with the opening price of $27.22. During the past 12 months, NetScout Systems Inc. has had a low of $27.30 and a high of $38.02. As of last week, the company has a debt-to-equity ratio of 0.10, a current ratio of 1.50, and a quick ratio of 1.50. The fifty day moving average price for NTCT is $30.65 and a two-hundred day moving average price translates $33.04 for the stock.
The latest earnings results from NetScout Systems Inc. (NASDAQ: NTCT) was released for Dec, 2022. According to the Software – Infrastructure Company, earnings per share came in at $1, beating analysts’ expectations of $0.68 by 0.32. This compares to $0.64 EPS in the same period last year. The net profit margin was 6.10% and return on equity was 2.80% for NTCT. The company reported revenue of $269.54 million for the quarter, compared to $262.19 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.8 percent. For the current quarter, analysts expect NTCT to generate $203.12M in revenue.
NetScout Systems Inc.(NTCT) Company Profile
NetScout Systems, Inc. provides service assurance and cybersecurity solutions for protect digital business services against disruptions 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 Wi-Fi networks. It also provides nGeniusPULSE, an active testing tool that enables enterprises to identify infrastructure performance issues and determine application availability, reliability, and performance; and nGenius Business Analytics solution, which enables service providers to analyze their network traffic. In addition, the company offers ISNG, an advanced passive network probe; packet flow systems that deliver targeted network traffic access to various monitoring and security tools and systems; and a suite of test access points that enable non-disruptive access to network traffic. Further, it provides cybersecurity solutions to protect their networks against distributed denial of service attacks under the Arbor brand, such as Arbor Sightline, Arbor Threat Mitigation System, Arbor Insight, Arbor Edge Defense, and Arbor Cloud. Additionally, it offers advanced threat detection solutions, such as Omnis Cyber Investigator. It serves enterprise customers in various industries, including financial services, technology, manufacturing, healthcare, utilities, education, transportation, and retail; mobile operators, wireline operators, cable operators, Internet service providers, and cloud providers; and governmental agencies through a direct sales force, and indirect reseller and distribution channels. NetScout Systems, Inc. was incorporated in 1984 and is headquartered in Westford, Massachusetts.
