NetScout Systems Inc. Sets New 1-Year High at $30.76 (NTCT)
NetScout Systems (NASDAQ:NTCT)’s share price reached a new 52-week high during mid-day trading on Thursday, AnalystRatings.Net reports. The stock traded as high as $30.76 and last traded at $29.12, with a volume of 904,293 shares traded. The stock had previously closed at $25.53.
NTCT has been the subject of a number of recent research reports. Analysts at Wunderlich downgraded shares of NetScout Systems from a “buy” rating to a “hold” rating in a research note to investors on Thursday. They noted that the move was a valuation call. Separately, analysts at DA Davidson initiated coverage on shares of NetScout Systems in a research note to investors on Tuesday. They set a “buy” rating and a $33.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $29.12.
NetScout Systems has a one year low of $21.22 and a one year high of $28.28. The stock’s 50-day moving average is $25.35 and its 200-day moving average is $24.56. The company has a market cap of $1.178 billion and a P/E ratio of 26.57.
NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings results on Thursday, October 17th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. The company had revenue of $92.10 million for the quarter, compared to the consensus estimate of $88.87 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. Analysts expect that NetScout Systems will post $1.45 EPS for the current fiscal year.
NetScout Systems, Inc (NASDAQ:NTCT) designs, develops, manufactures, markets, licenses, sells and supports market application and network performance management and service assurance solutions for the Internet protocol (IP) based service delivery environments.
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