NetScout Systems Downgraded by Wunderlich to “Hold” (NTCT)
NetScout Systems (NASDAQ:NTCT) was downgraded by stock analysts at Wunderlich from a “buy” rating to a “hold” rating in a report issued on Thursday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
A number of other firms have also recently commented on NTCT. 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. Separately, analysts at Zacks downgraded shares of NetScout Systems from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, September 18th. They now have a $29.70 price target on the stock. Finally, analysts at Zacks upgraded shares of NetScout Systems from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, July 23rd. They now have a $29.70 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $29.12.
NetScout Systems (NASDAQ:NTCT) traded up 11.56% on Thursday, hitting $28.48. 1,451,954 shares of the company’s stock traded hands. NetScout Systems has a 52 week low of $21.22 and a 52 week 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 price-to-earnings ratio of 26.57.
NetScout Systems (NASDAQ:NTCT) last released its earnings data on Thursday, October 17th. The company reported $0.34 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.34 earnings per share. NetScout Systems’s revenue was up 8.9% compared to the same quarter last year. On average, analysts predict that NetScout Systems will post $1.45 earnings per share 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.