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NetScout Systems (NASDAQ:NTCT) hit a new 52-week high on Tuesday , ARN reports. The company traded as high as $46.76 and last traded at $46.52, with a volume of 113,877 shares. The stock had previously closed at $46.07.

NTCT has been the subject of a number of recent research reports. 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. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. NetScout Systems presently has an average rating of “Hold” and an average price target of $45.05.

The stock’s 50-day moving average is $44.24 and its 200-day moving average is $40.11. The company has a market cap of $1.920 billion and a P/E ratio of 34.88.

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.

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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