NetScout Systems, Inc. (NASDAQ:NTCT) – Investment analysts at Piper Jaffray Companies decreased their Q2 2019 earnings per share estimates for NetScout Systems in a research report issued on Tuesday, September 25th. Piper Jaffray Companies analyst A. Nowinski now expects that the technology company will post earnings per share of $0.07 for the quarter, down from their prior estimate of $0.08. Piper Jaffray Companies currently has a “Buy” rating and a $31.00 target price on the stock. Piper Jaffray Companies also issued estimates for NetScout Systems’ Q4 2019 earnings at $0.47 EPS, FY2019 earnings at $0.95 EPS, Q1 2020 earnings at $0.09 EPS, Q2 2020 earnings at $0.21 EPS, FY2020 earnings at $1.34 EPS, Q1 2021 earnings at $0.19 EPS, FY2021 earnings at $1.74 EPS and FY2022 earnings at $2.08 EPS.
NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings data on Thursday, July 26th. The technology company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $205.11 million for the quarter, compared to analyst estimates of $210.47 million. NetScout Systems had a return on equity of 3.79% and a net margin of 4.28%. The business’s revenue was down 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.08 earnings per share.
Other equities analysts have also issued research reports about the company. Zacks Investment Research raised NetScout Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th. BidaskClub raised NetScout Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, June 13th. Finally, ValuEngine raised NetScout Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, June 13th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $28.33.
NetScout Systems stock opened at $25.20 on Thursday. The company has a current ratio of 2.00, a quick ratio of 1.90 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 25.45, a price-to-earnings-growth ratio of 2.91 and a beta of 1.30. NetScout Systems has a 52 week low of $23.15 and a 52 week high of $33.50.
In other news, Director Vincent J. Mullarkey sold 6,000 shares of the business’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $25.43, for a total transaction of $152,580.00. Following the completion of the sale, the director now owns 36,613 shares in the company, valued at $931,068.59. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Vincent J. Mullarkey sold 26,466 shares of the business’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $24.79, for a total value of $656,092.14. Following the sale, the director now owns 10,147 shares of the company’s stock, valued at approximately $251,544.13. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,466 shares of company stock valued at $1,021,472. 3.93% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in NTCT. Swiss National Bank raised its position in shares of NetScout Systems by 1.5% during the first quarter. Swiss National Bank now owns 147,428 shares of the technology company’s stock worth $3,885,000 after acquiring an additional 2,200 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of NetScout Systems by 8.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 567,769 shares of the technology company’s stock worth $14,961,000 after acquiring an additional 45,489 shares during the last quarter. Aperio Group LLC raised its position in shares of NetScout Systems by 7.5% during the first quarter. Aperio Group LLC now owns 36,518 shares of the technology company’s stock worth $962,000 after acquiring an additional 2,541 shares during the last quarter. Northern Trust Corp raised its position in shares of NetScout Systems by 0.4% during the first quarter. Northern Trust Corp now owns 1,584,277 shares of the technology company’s stock worth $41,746,000 after acquiring an additional 6,524 shares during the last quarter. Finally, BlackRock Inc. raised its position in shares of NetScout Systems by 3.2% during the first quarter. BlackRock Inc. now owns 9,569,744 shares of the technology company’s stock worth $252,163,000 after acquiring an additional 295,793 shares during the last quarter.
NetScout Systems Company Profile
NetScout Systems, Inc provides real-time operational intelligence and performance analytics for digital business services against disruptions in availability, performance, and security in the United States, Europe, Asia, and internationally. The company offers nGeniusONE management software that enables customers to predict, preempt, and resolve network and service delivery problems, as well as facilitate the optimization and capacity planning of their network infrastructures; and specialized platforms and analytic modules that enable its customers to analyze and troubleshoot traffic in radio access and Wi-Fi networks.
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