NetScout Systems Stock Rating Lowered by Zacks (NTCT)
NetScout Systems (NASDAQ:NTCT) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Tuesday. They currently have a $48.30 price target on the stock. Zacks‘s price target indicates a potential upside of 9.60% from the stock’s previous close.
NetScout Systems (NASDAQ:NTCT) traded down 0.75% on Tuesday, hitting $43.74. The stock had a trading volume of 171,151 shares. NetScout Systems has a 52 week low of $24.04 and a 52 week high of $46.40. The stock has a 50-day moving average of $43.61 and a 200-day moving average of $39.13. The company has a market cap of $1.796 billion and a P/E ratio of 33.36.
NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, July 17th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.09. The company had revenue of $107.90 million for the quarter, compared to the consensus estimate of $96.80 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 31.9% on a year-over-year basis. Analysts expect that NetScout Systems will post $1.79 EPS for the current fiscal year.
NTCT has been the subject of a number of other recent research reports. 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, July 11th. They now have a “buy” rating on the stock. Analysts at Wunderlich raised their price target on shares of NetScout Systems from $46.00 to $52.00 in a research note on Tuesday, July 8th. They now have a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $45.05.
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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