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Shares of NetScout Systems (NASDAQ:NTCT) have earned a consensus recommendation of “Hold” from the eight analysts that are presently covering the company, American Banking & Market News reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $45.05.

A number of analysts have recently weighed in on NTCT shares. Analysts at Zacks downgraded shares of NetScout Systems from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 12th. They now have a $48.30 price target on the stock. Separately, 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. Finally, 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.

Shares of NetScout Systems (NASDAQ:NTCT) opened at 44.02 on Monday. NetScout Systems has a one year low of $24.04 and a one year high of $46.40. The stock’s 50-day moving average is $43.74 and its 200-day moving average is $39.35. The company has a market cap of $1.807 billion and a P/E ratio of 33.32.

NetScout Systems (NASDAQ:NTCT) last released its earnings data on Thursday, July 17th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 31.9% on a year-over-year basis. On average, analysts predict that NetScout Systems will post $1.79 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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