Equities analysts expect that NetScout Systems, Inc. (NASDAQ:NTCT) will post earnings of $0.08 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for NetScout Systems’ earnings, with estimates ranging from $0.07 to $0.08. NetScout Systems reported earnings of $0.03 per share in the same quarter last year, which would suggest a positive year over year growth rate of 166.7%. The business is scheduled to issue its next quarterly earnings report on Thursday, July 25th.
On average, analysts expect that NetScout Systems will report full year earnings of $1.42 per share for the current year, with EPS estimates ranging from $1.41 to $1.43. For the next fiscal year, analysts forecast that the company will report earnings of $1.73 per share, with EPS estimates ranging from $1.60 to $1.85. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow NetScout Systems.
NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.05. The firm had revenue of $235.00 million during the quarter, compared to the consensus estimate of $235.04 million. NetScout Systems had a positive return on equity of 3.16% and a negative net margin of 8.06%. NetScout Systems’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 earnings per share.
A number of research analysts recently commented on the company. BidaskClub downgraded NetScout Systems from a “hold” rating to a “sell” rating in a report on Thursday. ValuEngine cut NetScout Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Zacks Investment Research cut NetScout Systems from a “hold” rating to a “sell” rating in a research note on Saturday, April 13th. Finally, Piper Jaffray Companies cut NetScout Systems from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $31.00 to $30.00 in a research note on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $29.00.
NTCT traded down $0.07 on Tuesday, reaching $24.43. The company’s stock had a trading volume of 2,818,424 shares, compared to its average volume of 334,529. The company has a market capitalization of $1.89 billion, a P/E ratio of 29.43, a P/E/G ratio of 2.64 and a beta of 1.39. NetScout Systems has a 1 year low of $21.58 and a 1 year high of $31.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.04 and a current ratio of 2.11.
In other NetScout Systems news, insider John Downing sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $26.41, for a total transaction of $79,230.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michael Szabados sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $28.10, for a total value of $168,600.00. Following the sale, the insider now owns 37,403 shares in the company, valued at approximately $1,051,024.30. The disclosure for this sale can be found here. Corporate insiders own 3.93% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. HAP Trading LLC acquired a new stake in shares of NetScout Systems during the 1st quarter worth approximately $517,000. Bank of America Corp DE raised its position in shares of NetScout Systems by 8.1% during the 4th quarter. Bank of America Corp DE now owns 654,784 shares of the technology company’s stock worth $15,473,000 after purchasing an additional 49,235 shares during the period. Mason Street Advisors LLC raised its position in shares of NetScout Systems by 1.7% during the 1st quarter. Mason Street Advisors LLC now owns 37,250 shares of the technology company’s stock worth $1,046,000 after purchasing an additional 618 shares during the period. AlphaCrest Capital Management LLC acquired a new stake in shares of NetScout Systems during the 4th quarter worth approximately $371,000. Finally, Tibra Equities Europe Ltd acquired a new stake in shares of NetScout Systems during the 4th quarter worth approximately $357,000.
NetScout Systems Company Profile
NetScout Systems, Inc provides real-time operational intelligence and performance analytics for digital business services against disruptions in availability, performance, and security 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.
Featured Story: Hold Rating
Get a free copy of the Zacks research report on NetScout Systems (NTCT)
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.