Wall Street analysts expect NetScout Systems, Inc. (NASDAQ:NTCT) to post earnings of $0.01 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for NetScout Systems’ earnings. The lowest EPS estimate is ($0.02) and the highest is $0.04. NetScout Systems posted earnings of $0.22 per share during the same quarter last year, which suggests a negative year over year growth rate of 95.5%. The firm is scheduled to announce its next earnings results before the market opens on Thursday, July 27th.
According to Zacks, analysts expect that NetScout Systems will report full-year earnings of $1.69 per share for the current fiscal year, with EPS estimates ranging from $1.56 to $1.77. For the next fiscal year, analysts expect that the company will post earnings of $1.97 per share, with EPS estimates ranging from $1.86 to $2.07. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow NetScout Systems.
NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, May 4th. The technology company reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.10. NetScout Systems had a return on equity of 6.33% and a net margin of 2.84%. The company had revenue of $318.92 million during the quarter, compared to analyst estimates of $327.10 million. During the same period last year, the company posted $0.44 earnings per share. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year.
A number of equities analysts have issued reports on NTCT shares. Zacks Investment Research raised NetScout Systems from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a report on Wednesday, April 5th. B. Riley reaffirmed a “buy” rating and issued a $42.00 target price on shares of NetScout Systems in a report on Friday, May 5th. BidaskClub cut NetScout Systems from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of NetScout Systems in a report on Thursday. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $36.50.
Shares of NetScout Systems (NASDAQ:NTCT) traded down 0.15% during mid-day trading on Monday, hitting $33.75. The stock had a trading volume of 831,573 shares. The company has a market capitalization of $3.10 billion, a P/E ratio of 93.75 and a beta of 1.62. NetScout Systems has a 1-year low of $24.67 and a 1-year high of $38.47. The stock’s 50-day moving average price is $35.50 and its 200 day moving average price is $35.63.
In other NetScout Systems news, insider John Downing sold 1,000 shares of the company’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $34.60, for a total value of $34,600.00. Following the completion of the transaction, the insider now owns 112,215 shares of the company’s stock, valued at approximately $3,882,639. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Victor Demarines sold 5,400 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $35.88, for a total value of $193,752.00. Following the completion of the transaction, the director now directly owns 17,732 shares of the company’s stock, valued at approximately $636,224.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,400 shares of company stock valued at $402,002. Insiders own 3.30% of the company’s stock.
A number of institutional investors have recently modified their holdings of the company. AXA raised its stake in NetScout Systems by 371.7% in the first quarter. AXA now owns 50,000 shares of the technology company’s stock worth $1,898,000 after buying an additional 39,400 shares during the period. Eagle Asset Management Inc. raised its stake in NetScout Systems by 14.1% in the first quarter. Eagle Asset Management Inc. now owns 84,602 shares of the technology company’s stock worth $3,210,000 after buying an additional 10,476 shares during the period. Nationwide Fund Advisors raised its stake in NetScout Systems by 10.7% in the first quarter. Nationwide Fund Advisors now owns 606,356 shares of the technology company’s stock worth $23,011,000 after buying an additional 58,505 shares during the period. Ameriprise Financial Inc. raised its stake in NetScout Systems by 0.4% in the first quarter. Ameriprise Financial Inc. now owns 352,345 shares of the technology company’s stock worth $13,372,000 after buying an additional 1,576 shares during the period. Finally, B. Riley Financial Inc. raised its stake in NetScout Systems by 68.4% in the first quarter. B. Riley Financial Inc. now owns 13,094 shares of the technology company’s stock worth $497,000 after buying an additional 5,320 shares during the period.
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.
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