NetScout Systems (NASDAQ:NTCT) Issues FY 2027 Earnings Guidance

NetScout Systems (NASDAQ:NTCT) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided EPS guidance of 2.650-2.800 for the period, compared to the consensus EPS estimate of 2.600. The company issued revenue guidance of $885.0 million-$915.0 million, compared to the consensus revenue estimate of $903.6 million.

NetScout Systems Stock Down 2.2%

NASDAQ NTCT traded down $0.89 during trading hours on Thursday, reaching $40.13. The company’s stock had a trading volume of 644,510 shares, compared to its average volume of 518,836. NetScout Systems has a 1 year low of $20.39 and a 1 year high of $45.28. The firm’s 50-day moving average price is $41.30 and its 200-day moving average price is $35.37. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 30.87 and a beta of 0.69.

NetScout Systems (NASDAQ:NTCT) last released its earnings results on Thursday, August 6th. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.38 by $0.14. The firm had revenue of $210.42 million for the quarter, compared to the consensus estimate of $196.17 million. NetScout Systems had a net margin of 11.11% and a return on equity of 8.37%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. Equities research analysts anticipate that NetScout Systems will post 2.06 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on NTCT shares. Royal Bank Of Canada increased their price target on NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Wall Street Zen upgraded shares of NetScout Systems from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Zacks Research downgraded shares of NetScout Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NetScout Systems in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.50.

Insider Buying and Selling

In related news, Director Alfred Grasso sold 5,000 shares of NetScout Systems stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $40.67, for a total transaction of $203,350.00. Following the completion of the sale, the director owned 35,000 shares in the company, valued at $1,423,450. This trade represents a 12.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Downing sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $40.29, for a total value of $322,320.00. Following the completion of the sale, the executive vice president owned 129,121 shares of the company’s stock, valued at $5,202,285.09. The trade was a 5.83% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 4.74% of the company’s stock.

Hedge Funds Weigh In On NetScout Systems

A number of large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in NetScout Systems by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,148,272 shares of the technology company’s stock worth $112,254,000 after buying an additional 109,910 shares during the last quarter. State Street Corp grew its stake in shares of NetScout Systems by 1.7% during the fourth quarter. State Street Corp now owns 3,065,837 shares of the technology company’s stock worth $82,962,000 after acquiring an additional 51,835 shares during the last quarter. First Trust Advisors LP grew its stake in shares of NetScout Systems by 40.8% during the fourth quarter. First Trust Advisors LP now owns 2,519,733 shares of the technology company’s stock worth $68,184,000 after acquiring an additional 729,632 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of NetScout Systems by 17.1% during the first quarter. Goldman Sachs Group Inc. now owns 1,420,479 shares of the technology company’s stock valued at $29,844,000 after acquiring an additional 207,807 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of NetScout Systems by 18.4% in the 4th quarter. AQR Capital Management LLC now owns 1,139,372 shares of the technology company’s stock valued at $30,831,000 after purchasing an additional 176,722 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

About NetScout Systems

NetScout Systems, Inc is a leading provider of network performance management, service assurance and cybersecurity solutions. The company designs and delivers hardware and software platforms that capture and analyze real-time and historical packet data, enabling IT teams and service providers to monitor application performance, troubleshoot network issues and defend against distributed denial-of-service (DDoS) attacks. NetScout’s flagship offerings include the nGeniusONE service assurance platform and the InfiniStream packet broker, which together provide end-to-end visibility across hybrid and multi-cloud environments.

Founded in 1984 and headquartered in Westford, Massachusetts, NetScout has built a reputation for scalable and resilient monitoring infrastructure.