NetScout Systems, Inc. (NASDAQ:NTCT – Get Free Report) EVP John Downing sold 8,000 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $40.29, for a total transaction of $322,320.00. Following the transaction, the executive vice president directly owned 129,121 shares of the company’s stock, valued at $5,202,285.09. This represents a 5.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
NetScout Systems Stock Up 4.4%
NASDAQ NTCT opened at $42.09 on Friday. The stock has a market cap of $3.01 billion, a P/E ratio of 32.38 and a beta of 0.68. The company’s 50-day simple moving average is $36.93 and its 200 day simple moving average is $31.46. NetScout Systems, Inc. has a twelve month low of $20.39 and a twelve month high of $43.80.
NetScout Systems (NASDAQ:NTCT – Get Free Report) last posted its earnings results on Thursday, May 7th. The technology company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. The business had revenue of $203.04 million for the quarter, compared to analysts’ expectations of $198.64 million. NetScout Systems had a net margin of 11.11% and a return on equity of 8.37%. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. Research analysts anticipate that NetScout Systems, Inc. will post 2.06 earnings per share for the current year.
Institutional Trading of NetScout Systems
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of NetScout Systems from a “hold” rating to a “buy” rating in a research note on Sunday, May 17th. Weiss Ratings cut shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Royal Bank Of Canada upped their target price on shares of NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Finally, Zacks Research raised shares of NetScout Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, NetScout Systems has an average rating of “Buy” and an average target price of $35.50.
Read Our Latest Stock Analysis on NTCT
About NetScout Systems
NetScout Systems, Inc is a leading provider of network performance management, service assurance and cybersecurity solutions. The company designs and delivers hardware and software platforms that capture and analyze real-time and historical packet data, enabling IT teams and service providers to monitor application performance, troubleshoot network issues and defend against distributed denial-of-service (DDoS) attacks. NetScout’s flagship offerings include the nGeniusONE service assurance platform and the InfiniStream packet broker, which together provide end-to-end visibility across hybrid and multi-cloud environments.
Founded in 1984 and headquartered in Westford, Massachusetts, NetScout has built a reputation for scalable and resilient monitoring infrastructure.
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