NetScout Systems (NTCT) Scheduled to Post Quarterly Earnings on Tuesday

NetScout Systems (NASDAQ:NTCT) will release its earnings data on Tuesday, January 30th. Analysts expect NetScout Systems to post earnings of $0.66 per share for the quarter.

NetScout Systems (NASDAQ:NTCT) last posted its earnings results on Thursday, October 26th. The technology company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.03. The business had revenue of $256.90 million during the quarter, compared to analyst estimates of $251.13 million. NetScout Systems had a return on equity of 5.15% and a net margin of 1.52%. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 EPS. On average, analysts expect NetScout Systems to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NetScout Systems (NTCT) opened at $26.15 on Tuesday. The company has a current ratio of 1.60, a quick ratio of 1.51 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $2,352.80, a PE ratio of 153.83, a price-to-earnings-growth ratio of 2.69 and a beta of 1.60. NetScout Systems has a twelve month low of $25.75 and a twelve month high of $38.47.

NetScout Systems declared that its Board of Directors has approved a stock buyback program on Thursday, October 26th that allows the company to buyback 25,000,000 shares. This buyback authorization allows the technology company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Several brokerages have recently commented on NTCT. Craig Hallum set a $23.00 price objective on NetScout Systems and gave the stock a “hold” rating in a report on Wednesday, January 10th. DA Davidson lowered NetScout Systems from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $37.00 to $27.00 in a report on Wednesday, January 10th. Royal Bank of Canada reissued a “hold” rating and set a $35.00 price objective on shares of NetScout Systems in a report on Tuesday, October 10th. BidaskClub raised NetScout Systems from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Finally, B. Riley reissued a “buy” rating and set a $36.00 price objective on shares of NetScout Systems in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $29.67.

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

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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 for NetScout Systems (NASDAQ:NTCT)

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