NetScout Systems, Inc. (NTCT) Expected to Post Earnings of $0.27 Per Share
Equities analysts expect NetScout Systems, Inc. (NASDAQ:NTCT) to post $0.27 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for NetScout Systems’ earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.29. NetScout Systems reported earnings per share of $0.39 during the same quarter last year, which suggests a negative year-over-year growth rate of 30.8%. The company is scheduled to report its next quarterly earnings report on Thursday, October 26th.
According to Zacks, analysts expect that NetScout Systems will report full year earnings of $1.98 per share for the current year, with EPS estimates ranging from $1.76 to $2.11. For the next year, analysts anticipate that the company will post earnings of $2.20 per share, with EPS estimates ranging from $2.18 to $2.23. Zacks’ EPS calculations are an average based on a survey of research firms that cover NetScout Systems.
NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings data on Thursday, July 27th. The technology company reported $0.08 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ 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 analysts’ expectations of $225.66 million. During the same period in the previous year, the company earned $0.28 EPS. The business’s quarterly revenue was down 16.1% compared to the same quarter last year.
NTCT has been the subject of a number of research analyst reports. BidaskClub downgraded shares of NetScout Systems from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Zacks Investment Research upgraded shares of NetScout Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Royal Bank Of Canada reiterated a “hold” rating on shares of NetScout Systems in a research report on Thursday, July 20th. Finally, B. Riley reiterated a “buy” rating and issued a $44.00 target price on shares of NetScout Systems in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $39.50.
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In other news, insider Michael Szabados sold 5,000 shares of the firm’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 transaction, the insider now owns 39,170 shares in the company, valued at approximately $1,355,282. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.51% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. AXA raised its holdings in shares of NetScout Systems by 371.7% during the 1st quarter. AXA now owns 50,000 shares of the technology company’s stock valued at $1,898,000 after purchasing an additional 39,400 shares in the last quarter. Airain ltd bought a new position in shares of NetScout Systems during the 2nd quarter valued at $1,239,000. Ameriprise Financial Inc. raised its holdings in shares of NetScout Systems by 0.4% during the 1st quarter. Ameriprise Financial Inc. now owns 352,345 shares of the technology company’s stock valued at $13,372,000 after purchasing an additional 1,576 shares in the last quarter. Credit Suisse AG raised its holdings in shares of NetScout Systems by 666.0% during the 1st quarter. Credit Suisse AG now owns 694,890 shares of the technology company’s stock valued at $26,371,000 after purchasing an additional 604,179 shares in the last quarter. Finally, ValueAct Holdings L.P. raised its holdings in shares of NetScout Systems by 39.8% during the 1st quarter. ValueAct Holdings L.P. now owns 2,300,000 shares of the technology company’s stock valued at $87,285,000 after purchasing an additional 655,000 shares in the last quarter.
Shares of NetScout Systems (NTCT) traded up 0.837% during mid-day trading on Friday, hitting $33.125. 111,299 shares of the stock traded hands. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 168.147 and a beta of 1.60. NetScout Systems has a 52 week low of $26.25 and a 52 week high of $38.48. The stock has a 50-day moving average of $32.59 and a 200-day moving average of $34.92.
About NetScout Systems
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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