NetScout Systems (NASDAQ:NTCT) Releases FY18 Earnings Guidance

NetScout Systems (NASDAQ:NTCT) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.30-1.45 for the period, compared to the Thomson Reuters consensus estimate of $1.99. The company issued revenue guidance of $1.0-1.025 billion, compared to the consensus revenue estimate of $1.18 billion.NetScout Systems also updated its Q3 guidance to $0.66-0.69 EPS.

NetScout Systems (NTCT) opened at $26.77 on Friday. NetScout Systems has a one year low of $25.75 and a one year high of $38.47. The firm has a market cap of $2,313.59, a P/E ratio of 157.48, a P/E/G ratio of 2.64 and a beta of 1.60. The company has a quick ratio of 1.51, a current ratio of 1.60 and a debt-to-equity ratio of 0.14.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings data on Thursday, October 26th. The technology company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. The business had revenue of $256.90 million during the quarter, compared to analyst estimates of $251.13 million. NetScout Systems had a net margin of 1.52% and a return on equity of 5.15%. NetScout Systems’s revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 EPS. equities analysts predict that NetScout Systems will post 1 earnings per share for the current fiscal year.

NetScout Systems declared that its board has approved a share repurchase plan on Thursday, October 26th that permits the company to buyback 25,000,000 shares. This buyback authorization permits the technology company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

A number of research analysts have recently commented on NTCT shares. Royal Bank of Canada restated a hold rating and set a $35.00 price target on shares of NetScout Systems in a research report on Tuesday, October 10th. KeyCorp restated a hold rating on shares of NetScout Systems in a research report on Wednesday, October 11th. Zacks Investment Research upgraded shares of NetScout Systems from a hold rating to a buy rating and set a $35.00 price target for the company in a research report on Thursday, October 26th. Craig Hallum reduced their price target on shares of NetScout Systems from $30.00 to $28.00 and set a hold rating for the company in a research report on Thursday, October 26th. Finally, B. Riley restated a buy rating and set a $36.00 price target on shares of NetScout Systems in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. NetScout Systems presently has a consensus rating of Hold and a consensus target price of $29.67.

In other news, insider Michael Szabados sold 5,000 shares of NetScout Systems stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $28.19, for a total transaction of $140,950.00. Following the completion of the sale, the insider now directly owns 43,424 shares of the company’s stock, valued at approximately $1,224,122.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $28.17, for a total transaction of $84,510.00. Following the sale, the executive vice president now directly owns 88,821 shares of the company’s stock, valued at $2,502,087.57. The disclosure for this sale can be found here. Insiders own 3.51% of the company’s stock.

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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.

Earnings History and Estimates for NetScout Systems (NASDAQ:NTCT)

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