Analysts Expect NetScout Systems, Inc. (NASDAQ:NTCT) Will Announce Earnings of $0.01 Per Share
Wall Street brokerages expect NetScout Systems, Inc. (NASDAQ:NTCT) to post earnings of $0.01 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for NetScout Systems’ earnings, with the lowest EPS estimate coming in at ($0.02) and the highest estimate coming in at $0.04. NetScout Systems reported earnings of $0.22 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 95.5%. The firm is scheduled to report its next earnings results before the market opens on Thursday, July 27th.
According to Zacks, analysts expect that NetScout Systems will report full year earnings of $1.69 per share for the current year, with EPS estimates ranging from $1.56 to $1.77. For the next financial year, analysts anticipate that the business will report earnings of $1.97 per share, with EPS estimates ranging from $1.86 to $2.07. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover NetScout Systems.
NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, May 4th. The technology company reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.10. The firm had revenue of $318.92 million for the quarter, compared to the consensus estimate of $327.10 million. NetScout Systems had a return on equity of 6.33% and a net margin of 2.84%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 EPS.
NTCT has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed a “hold” rating on shares of NetScout Systems in a research note on Thursday. Zacks Investment Research raised NetScout Systems from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Wednesday, April 5th. BidaskClub cut NetScout Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, B. Riley reaffirmed a “buy” rating and set a $42.00 price objective on shares of NetScout Systems in a research note on Wednesday, May 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. NetScout Systems presently has a consensus rating of “Hold” and a consensus price target of $36.50.
In other news, COO Michael Szabados sold 5,000 shares of the stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $34.73, for a total transaction of $173,650.00. Following the completion of the sale, the chief operating officer now directly owns 38,257 shares in the company, valued at $1,328,665.61. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Victor Demarines sold 5,400 shares of the stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $35.88, for a total transaction of $193,752.00. Following the sale, the director now owns 17,732 shares of the company’s stock, valued at $636,224.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,400 shares of company stock valued at $402,002. 3.30% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of NTCT. Oregon Public Employees Retirement Fund raised its stake in NetScout Systems by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 32,185 shares of the technology company’s stock worth $1,221,000 after buying an additional 400 shares in the last quarter. Strs Ohio raised its stake in NetScout Systems by 24.5% in the first quarter. Strs Ohio now owns 11,700 shares of the technology company’s stock worth $444,000 after buying an additional 2,300 shares in the last quarter. Nationwide Fund Advisors raised its stake in NetScout Systems by 10.7% in the first quarter. Nationwide Fund Advisors now owns 606,356 shares of the technology company’s stock worth $23,011,000 after buying an additional 58,505 shares in the last quarter. Dalton Greiner Hartman Maher & Co. raised its stake in NetScout Systems by 3.1% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 586,977 shares of the technology company’s stock worth $22,276,000 after buying an additional 17,718 shares in the last quarter. Finally, Legato Capital Management LLC raised its stake in NetScout Systems by 3,695.0% in the first quarter. Legato Capital Management LLC now owns 112,977 shares of the technology company’s stock worth $2,977,000 after buying an additional 110,000 shares in the last quarter.
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Shares of NetScout Systems (NASDAQ:NTCT) traded down 0.15% on Monday, reaching $33.75. The company’s stock had a trading volume of 831,573 shares. NetScout Systems has a 12 month low of $24.67 and a 12 month high of $38.47. The stock has a 50 day moving average of $35.50 and a 200-day moving average of $35.63. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 93.75 and a beta of 1.62.
NetScout Systems Company Profile
NetScout Systems, Inc (NetScout) provides operational intelligence and performance analytics for service assurance and cyber security solutions. The Company’s solutions are used in various service provider, enterprise and government networks. Its nGenius and Infinistream technologies, along with certain product lines from the acquired businesses, enable information technology (IT) organizations to manage service delivery quality, and identify and address business service performance issues and security threats.
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