NetScout Systems, Inc. (NTCT) Expected to Post Quarterly Sales of $257.05 Million

Equities research analysts expect NetScout Systems, Inc. (NASDAQ:NTCT) to report $257.05 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for NetScout Systems’ earnings, with the lowest sales estimate coming in at $251.14 million and the highest estimate coming in at $265.00 million. NetScout Systems reported sales of $327.24 million in the same quarter last year, which indicates a negative year-over-year growth rate of 21.4%. The company is scheduled to report its next quarterly earnings results on Thursday, May 3rd.

On average, analysts expect that NetScout Systems will report full-year sales of $257.05 million for the current fiscal year, with estimates ranging from $1.01 billion to $1.03 billion. For the next fiscal year, analysts expect that the company will post sales of $1.01 billion per share, with estimates ranging from $1.00 billion to $1.03 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover NetScout Systems.

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NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings data on Tuesday, January 30th. The technology company reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.02. The firm had revenue of $272.00 million for the quarter, compared to the consensus estimate of $271.36 million. NetScout Systems had a return on equity of 5.34% and a net margin of 7.95%. The company’s quarterly revenue was down 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 EPS.

Several equities research analysts recently issued reports on NTCT shares. Zacks Investment Research upgraded NetScout Systems from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. BidaskClub downgraded NetScout Systems from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Piper Jaffray Companies set a $32.00 price objective on NetScout Systems and gave the company a “buy” rating in a report on Monday, February 12th. Royal Bank of Canada cut their price objective on NetScout Systems to $27.00 and set a “sector perform” rating on the stock in a report on Thursday, January 11th. Finally, B. Riley boosted their price objective on NetScout Systems from $28.50 to $30.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. NetScout Systems presently has an average rating of “Hold” and an average target price of $28.50.

In other NetScout Systems news, insider John Downing sold 3,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $28.20, for a total transaction of $84,600.00. Following the sale, the insider now owns 47,427 shares in the company, valued at approximately $1,337,441.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.51% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. B. Riley Financial Inc. increased its holdings in NetScout Systems by 118.2% during the 3rd quarter. B. Riley Financial Inc. now owns 38,196 shares of the technology company’s stock worth $1,244,000 after purchasing an additional 20,693 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in NetScout Systems by 170.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,591 shares of the technology company’s stock worth $231,000 after purchasing an additional 4,788 shares during the period. Virginia Retirement Systems ET AL increased its holdings in NetScout Systems by 25.1% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 42,900 shares of the technology company’s stock worth $1,388,000 after purchasing an additional 8,600 shares during the period. Macquarie Group Ltd. increased its holdings in NetScout Systems by 6.8% during the 3rd quarter. Macquarie Group Ltd. now owns 1,498,556 shares of the technology company’s stock worth $48,478,000 after purchasing an additional 95,260 shares during the period. Finally, Legal & General Group Plc increased its holdings in NetScout Systems by 9.7% during the 3rd quarter. Legal & General Group Plc now owns 84,557 shares of the technology company’s stock worth $2,736,000 after purchasing an additional 7,472 shares during the period.

NetScout Systems (NASDAQ NTCT) traded down $0.65 during mid-day trading on Friday, hitting $25.50. The company had a trading volume of 922,011 shares, compared to its average volume of 1,372,135. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.70 and a quick ratio of 1.61. The stock has a market cap of $2,404.21, a P/E ratio of 26.56, a PEG ratio of 2.64 and a beta of 1.52. NetScout Systems has a 52-week low of $25.50 and a 52-week high of $38.47.

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

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