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NetScout Systems (NASDAQ:NTCT)’s share price reached a new 52-week high during mid-day trading on Monday , AR Network reports. The company traded as high as $41.20 and last traded at $41.15, with a volume of 77,198 shares traded. The stock had previously closed at $40.45.

NTCT has been the subject of a number of recent research reports. Analysts at DA Davidson raised their price target on shares of NetScout Systems from $40.00 to $45.00 in a research note on Friday, April 25th. They now have a “neutral” rating on the stock. Separately, analysts at Wunderlich upgraded shares of NetScout Systems from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. They now have a $46.00 price target on the stock, up previously from $35.00. Finally, analysts at Davidson downgraded shares of NetScout Systems from a “buy” rating to a “neutral” rating in a research note on Monday, March 17th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $36.28.

The stock’s 50-day moving average is $38.58 and its 200-day moving average is $34.97. The company has a market cap of $1.688 billion and a P/E ratio of 34.57.

NetScout Systems (NASDAQ:NTCT) last released its earnings data on Thursday, April 24th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.03. The company had revenue of $112.50 million for the quarter, compared to the consensus estimate of $109.35 million. During the same quarter last year, the company posted $0.43 earnings per share. NetScout Systems’s revenue was up 14.7% compared to the same quarter last year. Analysts expect that NetScout Systems will post $1.78 EPS for the current fiscal year.

NetScout Systems, Inc (NASDAQ:NTCT), designs, develops, manufactures, markets, licenses, sells and supports application and network performance management and service assurance solutions focused on assuring service delivery quality, performance and availability for some of the complex Internet protocol (IP) based service delivery environments.

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