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NetScout Systems (NASDAQ:NTCT) has earned a consensus rating of “Hold” from the eight analysts that are covering the stock, Stock Ratings News reports. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $37.28.

NetScout Systems (NASDAQ:NTCT) traded down 2.51% during mid-day trading on Tuesday, hitting $42.74. The stock had a trading volume of 66,976 shares. NetScout Systems has a one year low of $24.04 and a one year high of $45.52. The stock’s 50-day moving average is $41.3 and its 200-day moving average is $36.90. The company has a market cap of $1.755 billion and a price-to-earnings ratio of 37.47.

NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, April 24th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the 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 in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 14.7% on a year-over-year basis. On average, analysts predict that NetScout Systems will post $1.77 earnings per share for the current fiscal year.

NTCT has been the subject of a number of recent research reports. Analysts at Wunderlich raised their price target on shares of NetScout Systems from $46.00 to $52.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, 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.

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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