Equities analysts expect NetScout Systems, Inc. (NASDAQ:NTCT) to announce $257.05 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for NetScout Systems’ earnings, with the highest sales estimate coming in at $265.00 million and the lowest estimate coming in at $251.14 million. NetScout Systems posted sales of $327.24 million during the same quarter last year, which suggests a negative year over year growth rate of 21.4%. The business is expected to announce its next quarterly earnings report on Thursday, May 3rd.
On average, analysts expect that NetScout Systems will report full year sales of $257.05 million for the current financial year, with estimates ranging from $1.01 billion to $1.03 billion. For the next fiscal 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 Investment Research’s sales averages are a mean average based on a survey of 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 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.02. The business had revenue of $272.00 million during the quarter, compared to analyst estimates of $271.36 million. NetScout Systems had a net margin of 7.95% and a return on equity of 5.34%. The firm’s revenue for the quarter was down 12.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share.
A number of research analysts have recently commented on the stock. DA Davidson lowered shares of NetScout Systems from a “buy” rating to a “neutral” rating and cut their price objective for the company from $37.00 to $27.00 in a research report on Wednesday, January 10th. Craig Hallum set a $23.00 price objective on shares of NetScout Systems and gave the company a “hold” rating in a research report on Wednesday, January 10th. Royal Bank of Canada reaffirmed a “hold” rating on shares of NetScout Systems in a research report on Tuesday, January 30th. Zacks Investment Research raised shares of NetScout Systems from a “strong sell” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a research report on Wednesday, March 14th. Finally, B. Riley upped their price objective on shares of NetScout Systems from $28.50 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $28.50.
Shares of NTCT traded down $0.55 during trading hours on Tuesday, reaching $26.30. 697,798 shares of the company traded hands, compared to its average volume of 910,218. The firm has a market capitalization of $2,295.12, a P/E ratio of 15.84, a P/E/G ratio of 2.41 and a beta of 1.53. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.61 and a current ratio of 1.70. NetScout Systems has a 1-year low of $25.33 and a 1-year high of $38.47.
In related news, insider John Downing sold 3,000 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $28.20, for a total value of $84,600.00. Following the completion of the transaction, the insider now owns 47,427 shares of the company’s stock, valued at $1,337,441.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.51% of the company’s stock.
Large investors have recently bought and sold shares of the stock. ING Groep NV grew its stake in NetScout Systems by 19.9% during the fourth quarter. ING Groep NV now owns 13,149 shares of the technology company’s stock worth $400,000 after buying an additional 2,183 shares during the last quarter. Victory Capital Management Inc. grew its stake in NetScout Systems by 0.8% during the fourth quarter. Victory Capital Management Inc. now owns 298,400 shares of the technology company’s stock worth $9,086,000 after buying an additional 2,260 shares during the last quarter. Meadow Creek Investment Management LLC grew its stake in NetScout Systems by 32.1% during the fourth quarter. Meadow Creek Investment Management LLC now owns 9,878 shares of the technology company’s stock worth $301,000 after buying an additional 2,398 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in NetScout Systems by 37.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 10,252 shares of the technology company’s stock worth $312,000 after buying an additional 2,816 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in NetScout Systems by 17.3% during the third quarter. Cubist Systematic Strategies LLC now owns 19,924 shares of the technology company’s stock worth $645,000 after buying an additional 2,939 shares during the last quarter.
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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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