Craig Hallum set a $23.00 price target on NetScout Systems (NASDAQ:NTCT) in a report released on Wednesday, January 10th. The brokerage currently has a hold rating on the technology company’s stock.
Several other research analysts also recently commented on the stock. DA Davidson downgraded shares of NetScout Systems from a buy rating to a neutral rating and cut their price objective for the stock from $37.00 to $27.00 in a report on Wednesday, January 10th. BidaskClub downgraded shares of NetScout Systems from a hold rating to a sell rating in a report on Saturday, January 6th. Zacks Investment Research raised shares of NetScout Systems from a sell rating to a hold rating in a report on Wednesday, December 27th. Piper Jaffray Companies began coverage on shares of NetScout Systems in a report on Monday, November 13th. They issued an overweight rating and a $34.00 price target for the company. Finally, Royal Bank of Canada reissued a hold rating and issued a $33.00 price target on shares of NetScout Systems in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $28.67.
NetScout Systems (NTCT) opened at $28.43 on Wednesday. The company has a market cap of $2,480.00, a P/E ratio of 29.30, a P/E/G ratio of 2.82 and a beta of 1.60. NetScout Systems has a fifty-two week low of $25.50 and a fifty-two week high of $38.47. The company has a quick ratio of 1.51, a current ratio of 1.70 and a debt-to-equity ratio of 0.13.
NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings data on Tuesday, January 30th. The technology company reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.02. The company had revenue of $272.00 million during the quarter, compared to the consensus estimate of $271.36 million. NetScout Systems had a net margin of 7.95% and a return on equity of 5.34%. NetScout Systems’s revenue for the quarter was down 12.7% on a year-over-year basis. During the same period last year, the firm earned $0.60 EPS. analysts predict that NetScout Systems will post 1 earnings per share for the current year.
NetScout Systems declared that its Board of Directors has approved a stock buyback plan on Thursday, October 26th that permits the company to repurchase 25,000,000 shares. This repurchase authorization permits the technology company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
Large investors have recently made changes to their positions in the business. Flinton Capital Management LLC lifted its holdings 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 during the last quarter. Riverhead Capital Management LLC lifted its holdings 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 during the last quarter. First Allied Advisory Services Inc. lifted its holdings in shares of NetScout Systems by 515.1% during the 2nd quarter. First Allied Advisory Services Inc. now owns 5,911 shares of the technology company’s stock worth $200,000 after acquiring an additional 4,950 shares during the last quarter. Stevens Capital Management LP bought a new stake in shares of NetScout Systems during the 3rd quarter worth $206,000. Finally, Shelton Capital Management bought a new stake in shares of NetScout Systems during the 2nd quarter worth $237,000.
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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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