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NetScout Systems (NASDAQ:NTCT) has earned an average recommendation of “Hold” from the nine ratings firms that are currently covering the company, Stock Ratings News reports. Five equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $39.67.

A number of analysts have recently weighed in on NTCT shares. Analysts at B. Riley raised their price target on shares of NetScout Systems from $45.00 to $54.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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 (NASDAQ:NTCT) opened at 43.59 on Tuesday. NetScout Systems has a one year low of $24.04 and a one year high of $45.52. The stock has a 50-day moving average of $41.78 and a 200-day moving average of $37.18. The company has a market cap of $1.790 billion and a price-to-earnings ratio of 36.74.

NetScout Systems (NASDAQ:NTCT) last announced its 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. On average, analysts predict that NetScout Systems will post $1.77 earnings per share 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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