Brokerages expect NetScout Systems, Inc. (NASDAQ:NTCT) to announce sales of $209.09 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for NetScout Systems’ earnings, with the highest sales estimate coming in at $210.10 million and the lowest estimate coming in at $208.07 million. NetScout Systems reported sales of $216.47 million during the same quarter last year, which indicates a negative year over year growth rate of 3.4%. The business is scheduled to announce its next quarterly earnings results on Thursday, October 29th.
According to Zacks, analysts expect that NetScout Systems will report full-year sales of $877.66 million for the current financial year, with estimates ranging from $866.01 million to $889.30 million. For the next financial year, analysts expect that the firm will report sales of $917.95 million, with estimates ranging from $909.69 million to $926.20 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover NetScout Systems.
NetScout Systems (NASDAQ:NTCT) last posted its earnings results on Thursday, July 30th. The technology company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.16. NetScout Systems had a return on equity of 4.24% and a net margin of 1.03%. The business had revenue of $183.82 million during the quarter, compared to the consensus estimate of $184.10 million.
A number of equities research analysts recently commented on NTCT shares. BidaskClub cut NetScout Systems from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 26th. Zacks Investment Research raised NetScout Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, September 15th. Finally, Lake Street Capital cut NetScout Systems from a “buy” rating to a “hold” rating and set a $28.00 price objective for the company. in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $25.25.
In other news, EVP John Downing sold 5,000 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $24.24, for a total value of $121,200.00. Following the sale, the executive vice president now directly owns 102,616 shares in the company, valued at $2,487,411.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Michael Szabados sold 6,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $25.35, for a total value of $152,100.00. Following the completion of the sale, the chief operating officer now owns 69,666 shares in the company, valued at $1,766,033.10. The disclosure for this sale can be found here. 4.36% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of the company. Neuberger Berman Group LLC raised its holdings in NetScout Systems by 6.6% during the second quarter. Neuberger Berman Group LLC now owns 6,662,125 shares of the technology company’s stock worth $170,131,000 after acquiring an additional 412,666 shares in the last quarter. State Street Corp raised its holdings in NetScout Systems by 2.0% during the first quarter. State Street Corp now owns 2,405,788 shares of the technology company’s stock worth $56,945,000 after acquiring an additional 46,749 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in NetScout Systems by 53.8% during the second quarter. Goldman Sachs Group Inc. now owns 2,124,222 shares of the technology company’s stock worth $54,295,000 after acquiring an additional 742,738 shares in the last quarter. Fisher Asset Management LLC raised its holdings in NetScout Systems by 11.7% during the second quarter. Fisher Asset Management LLC now owns 2,044,594 shares of the technology company’s stock worth $52,260,000 after acquiring an additional 213,897 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in NetScout Systems by 18.6% during the first quarter. Legal & General Group Plc now owns 1,786,649 shares of the technology company’s stock worth $43,992,000 after acquiring an additional 280,267 shares in the last quarter. Institutional investors own 97.36% of the company’s stock.
Shares of NTCT stock traded down $0.96 on Friday, reaching $21.31. 7,139 shares of the stock were exchanged, compared to its average volume of 499,046. The stock has a market cap of $1.61 billion, a PE ratio of 179.25, a P/E/G ratio of 4.03 and a beta of 0.96. NetScout Systems has a one year low of $19.11 and a one year high of $29.62. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.76 and a quick ratio of 1.69. The stock has a 50 day moving average price of $23.81 and a 200 day moving average price of $24.97.
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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