Several analysts have recently updated their ratings and price targets for NetScout Systems (NASDAQ: NTCT):

  • 8/3/2017 – NetScout Systems was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “NetScout Systems designs, develops, manufactures, markets and supports a family of integrated products that enable optimization of the performance and cost management of complex, high-speed networks, including their ability to deliver critical business applications and content to end-users efficiently. They manufacture and market these products in an integrated hardware and software solution suite that is used by enterprise and service provider businesses worldwide. “
  • 8/2/2017 – NetScout Systems had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $44.00 price target on the stock.
  • 7/31/2017 – NetScout Systems was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/28/2017 – NetScout Systems had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $44.00 price target on the stock.
  • 7/20/2017 – NetScout Systems had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada.
  • 7/19/2017 – NetScout Systems was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/12/2017 – NetScout Systems was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/5/2017 – NetScout Systems was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “NetScout Systems designs, develops, manufactures, markets and supports a family of integrated products that enable optimization of the performance and cost management of complex, high-speed networks, including their ability to deliver critical business applications and content to end-users efficiently. They manufacture and market these products in an integrated hardware and software solution suite that is used by enterprise and service provider businesses worldwide. “
  • 7/1/2017 – NetScout Systems was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings data on Thursday, July 27th. The technology company reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. NetScout Systems had a net margin of 1.60% and a return on equity of 5.53%. The company had revenue of $225.80 million during the quarter, compared to the consensus estimate of $225.66 million. During the same period in the previous year, the firm earned $0.28 earnings per share. NetScout Systems’s revenue for the quarter was down 16.1% on a year-over-year basis.

In related news, Director Victor Demarines sold 5,400 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $35.88, for a total value of $193,752.00. Following the sale, the director now directly owns 17,732 shares of the company’s stock, valued at $636,224.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Szabados sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $34.60, for a total transaction of $173,000.00. Following the completion of the sale, the insider now directly owns 39,170 shares in the company, valued at $1,355,282. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,400 shares of company stock worth $575,002. Corporate insiders own 3.51% of the company’s stock.

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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