NetScout Systems (NTCT) to Release Quarterly Earnings on Thursday

NetScout Systems (NASDAQ:NTCT) is scheduled to announce its earnings results before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.45 per share for the quarter. NetScout Systems has set its FY25 guidance at $2.10-$2.30 EPS and its FY 2025 guidance at 2.100-2.300 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings results on Thursday, July 25th. The technology company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.16. The firm had revenue of $174.60 million during the quarter, compared to the consensus estimate of $168.47 million. NetScout Systems had a negative net margin of 74.02% and a positive return on equity of 5.35%. The company’s revenue was down 17.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 earnings per share. 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 Trading Up 0.5 %

NTCT opened at $21.39 on Wednesday. The company has a quick ratio of 1.50, a current ratio of 1.54 and a debt-to-equity ratio of 0.05. The stock’s fifty day moving average is $20.67 and its two-hundred day moving average is $19.83. The company has a market capitalization of $1.53 billion, a P/E ratio of -10.19 and a beta of 0.58. NetScout Systems has a 52 week low of $17.10 and a 52 week high of $24.42.

Analysts Set New Price Targets

NTCT has been the subject of several recent research reports. StockNews.com downgraded NetScout Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $22.00 price target on shares of NetScout Systems in a research report on Friday, July 26th.

Insider Buying and Selling

In other NetScout Systems news, EVP John Downing sold 4,247 shares of NetScout Systems stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $20.00, for a total value of $84,940.00. Following the transaction, the executive vice president now owns 131,590 shares in the company, valued at $2,631,800. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Jean A. Bua sold 19,205 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $20.37, for a total value of $391,205.85. Following the completion of the sale, the insider now owns 78,598 shares of the company’s stock, valued at $1,601,041.26. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John Downing sold 4,247 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $20.00, for a total value of $84,940.00. Following the transaction, the executive vice president now owns 131,590 shares in the company, valued at approximately $2,631,800. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,952 shares of company stock worth $598,411 in the last three months. 3.59% of the stock is owned by insiders.

NetScout Systems Company Profile

NetScout Systems, Inc provides service assurance and cybersecurity solutions for protect digital business services against disruptions 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.