NetScout Systems (NASDAQ:NTCT) Issues FY 2027 Earnings Guidance

NetScout Systems (NASDAQ:NTCTGet Free Report) issued an update on its FY 2027 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 2.650-2.800 for the period, compared to the consensus earnings per share estimate of 2.600. The company issued revenue guidance of $885.0 million-$915.0 million, compared to the consensus revenue estimate of $903.6 million.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NTCT shares. Royal Bank Of Canada upped their price objective on NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Zacks Research lowered shares of NetScout Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 9th. Wall Street Zen raised shares of NetScout Systems from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NetScout Systems in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.50.

Read Our Latest Research Report on NTCT

NetScout Systems Trading Down 3.3%

Shares of NASDAQ NTCT traded down $1.31 during midday trading on Friday, reaching $38.82. The company’s stock had a trading volume of 183,064 shares, compared to its average volume of 592,519. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 29.51 and a beta of 0.69. The company has a 50 day moving average price of $41.30 and a 200 day moving average price of $35.37. NetScout Systems has a one year low of $21.21 and a one year high of $45.28.

NetScout Systems (NASDAQ:NTCTGet Free Report) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.14. The company had revenue of $210.42 million during the quarter, compared to the consensus estimate of $196.17 million. NetScout Systems had a return on equity of 8.37% and a net margin of 11.11%.The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the company earned $0.34 EPS. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. Research analysts anticipate that NetScout Systems will post 2.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP John Downing sold 8,000 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $40.29, for a total transaction of $322,320.00. Following the completion of the sale, the executive vice president directly owned 129,121 shares of the company’s stock, valued at $5,202,285.09. This trade represents a 5.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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. Also, Director Alfred Grasso sold 5,000 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $40.67, for a total value of $203,350.00. Following the transaction, the director owned 35,000 shares of the company’s stock, valued at $1,423,450. The trade was a 12.50% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 4.74% of the company’s stock.

Hedge Funds Weigh In On NetScout Systems

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in NetScout Systems by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,148,272 shares of the technology company’s stock worth $112,254,000 after purchasing an additional 109,910 shares during the period. State Street Corp grew its stake in NetScout Systems by 1.7% during the fourth quarter. State Street Corp now owns 3,065,837 shares of the technology company’s stock valued at $82,962,000 after acquiring an additional 51,835 shares in the last quarter. First Trust Advisors LP boosted its position in shares of NetScout Systems by 40.8% during the 4th quarter. First Trust Advisors LP now owns 2,519,733 shares of the technology company’s stock valued at $68,184,000 after acquiring an additional 729,632 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of NetScout Systems by 17.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,420,479 shares of the technology company’s stock valued at $29,844,000 after acquiring an additional 207,807 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in NetScout Systems by 18.4% during the fourth quarter. AQR Capital Management LLC now owns 1,139,372 shares of the technology company’s stock worth $30,831,000 after acquiring an additional 176,722 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NetScout Systems Company Profile

(Get Free Report)

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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