NetScout Systems, Inc. (NASDAQ:NTCT) – Equities researchers at DA Davidson upped their Q3 2018 earnings per share estimates for shares of NetScout Systems in a research report issued on Wednesday. DA Davidson analyst M. Kelleher now forecasts that the technology company will earn $0.57 per share for the quarter, up from their prior estimate of $0.51. DA Davidson currently has a “Neutral” rating and a $27.00 target price on the stock. DA Davidson also issued estimates for NetScout Systems’ Q4 2018 earnings at $0.30 EPS, FY2018 earnings at $1.07 EPS, Q1 2019 earnings at $0.11 EPS, Q2 2019 earnings at $0.21 EPS, Q3 2019 earnings at $0.34 EPS, Q4 2019 earnings at $0.32 EPS and FY2019 earnings at $0.97 EPS.

NetScout Systems (NASDAQ:NTCT) last posted its earnings results on Thursday, October 26th. The technology company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.03. NetScout Systems had a return on equity of 5.15% and a net margin of 1.52%. The company had revenue of $256.90 million for the quarter, compared to analyst estimates of $251.13 million. During the same quarter in the previous year, the firm earned $0.39 earnings per share. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year.

NTCT has been the topic of a number of other research reports. Zacks Investment Research lowered NetScout Systems from a “buy” rating to a “sell” rating in a research note on Thursday, November 2nd. Piper Jaffray Companies started coverage on NetScout Systems in a research note on Monday, November 13th. They set an “overweight” rating and a $34.00 price target on the stock. KeyCorp restated a “hold” rating on shares of NetScout Systems in a research note on Wednesday, October 11th. BidaskClub lowered NetScout Systems from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Finally, Craig Hallum decreased their target price on NetScout Systems from $30.00 to $28.00 and set a “hold” rating for the company in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $29.67.

Shares of NetScout Systems (NASDAQ NTCT) opened at $27.55 on Monday. NetScout Systems has a 52 week low of $25.75 and a 52 week high of $38.47. The firm has a market capitalization of $2,400.73, a PE ratio of 162.07, a PEG ratio of 1.86 and a beta of 1.60. The company has a current ratio of 1.60, a quick ratio of 1.51 and a debt-to-equity ratio of 0.14.

Large investors have recently made changes to their positions in the business. Flinton Capital Management LLC lifted its holdings in NetScout Systems by 74.5% in the second quarter. Flinton Capital Management LLC now owns 4,608 shares of the technology company’s stock valued at $158,000 after acquiring an additional 1,968 shares during the period. Riverhead Capital Management LLC lifted its holdings in NetScout Systems by 77.9% in the second quarter. Riverhead Capital Management LLC now owns 5,158 shares of the technology company’s stock valued at $177,000 after acquiring an additional 2,258 shares during the period. First Allied Advisory Services Inc. lifted its holdings in NetScout Systems by 515.1% in the second quarter. First Allied Advisory Services Inc. now owns 5,911 shares of the technology company’s stock valued at $200,000 after acquiring an additional 4,950 shares during the period. Stevens Capital Management LP acquired a new position in NetScout Systems in the third quarter valued at approximately $206,000. Finally, Shelton Capital Management acquired a new position in NetScout Systems in the second quarter valued at approximately $237,000.

In related news, insider Michael Szabados sold 5,000 shares of NetScout Systems stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $28.19, for a total transaction of $140,950.00. Following the completion of the sale, the insider now owns 43,424 shares of the company’s stock, valued at $1,224,122.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $28.17, for a total value of $84,510.00. Following the sale, the executive vice president now directly owns 88,821 shares of the company’s stock, valued at approximately $2,502,087.57. The disclosure for this sale can be found here. Insiders own 3.51% of the company’s stock.

NetScout Systems declared that its Board of Directors has initiated a share buyback plan on Thursday, October 26th that authorizes the company to repurchase 25,000,000 shares. This repurchase authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

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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.

Earnings History and Estimates for NetScout Systems (NASDAQ:NTCT)

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