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Shares of NetScout Systems (NASDAQ:NTCT) have been given an average rating of “Hold” by the eight ratings firms that are covering the company, reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $45.05.

NetScout Systems (NASDAQ:NTCT) opened at 45.75 on Monday. NetScout Systems has a 1-year low of $24.04 and a 1-year high of $46.40. The stock has a 50-day moving average of $43.87 and a 200-day moving average of $39.6. The company has a market cap of $1.878 billion and a price-to-earnings ratio of 34.38.

NetScout Systems (NASDAQ:NTCT) last announced its earnings results 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.

In other NetScout Systems news, Insider Jean A. Bua sold 1,667 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $44.93, for a total transaction of $74,898.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

A number of research firms have recently commented on NTCT. 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.

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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