NetScout Systems Hits New 52-Week High at $44.39 (NTCT)
NetScout Systems (NASDAQ:NTCT) hit a new 52-week high during mid-day trading on Monday , American Banking News reports. The stock traded as high as $44.39 and last traded at $44.20, with a volume of 87,213 shares. The stock had previously closed at $43.77.
A number of analysts have recently weighed in on NTCT shares. 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. 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. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $36.28.
The stock has a 50-day moving average of $40.37 and a 200-day moving average of $36.12. The company has a market cap of $1.821 billion and a price-to-earnings ratio of 37.41.
NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings results 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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