NetScout Systems, Inc. (NASDAQ:NTCT – Get Free Report) Director Michael Szabados sold 4,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $37.70, for a total value of $150,800.00. Following the transaction, the director directly owned 41,654 shares in the company, valued at approximately $1,570,355.80. This represents a 8.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
NetScout Systems Trading Down 1.0%
Shares of NASDAQ NTCT opened at $39.06 on Friday. NetScout Systems, Inc. has a twelve month low of $24.27 and a twelve month high of $45.28. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 23.82 and a beta of 0.69. The business has a 50 day simple moving average of $40.56 and a 200-day simple moving average of $36.55.
NetScout Systems (NASDAQ:NTCT – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.14. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%.The firm had revenue of $210.42 million for the quarter, compared to analysts’ expectations of $196.17 million. During the same period last year, the business posted $0.34 earnings per share. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, equities analysts predict that NetScout Systems, Inc. will post 2.15 earnings per share for the current year.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on NTCT shares. Zacks Research upgraded shares of NetScout Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. Royal Bank Of Canada lifted their target price on NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Weiss Ratings raised NetScout Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 13th. Finally, Wall Street Zen upgraded NetScout Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.
Read Our Latest Stock Analysis on NetScout Systems
NetScout Systems Company Profile
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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