NetScout Systems (NASDAQ:NTCT) Raised to "Strong-Buy" at B. Riley

Key Points

• B. Riley has upgraded NetScout Systems (NASDAQ:NTCT) to a "strong-buy" rating, reflecting the firm's positive outlook on the company's stock.
• The company's stock increased 3.2% recently, trading at approximately $23.89, following a stronger-than-expected quarterly earnings report.
• Insiders have recently sold shares, with 10,500 shares valued at $245,525 sold in the last 90 days, indicating some selling activity among executives.

NetScout Systems (NASDAQ:NTCT - Get Free Report) was upgraded by B. Riley to a "strong-buy" rating in a report issued on Monday, August 25th,Zacks.com reports. B. Riley also issued estimates for NetScout Systems' Q2 2026 earnings at $0.30 EPS, Q3 2026 earnings at $0.80 EPS, Q4 2026 earnings at $0.45 EPS, Q2 2027 earnings at $0.37 EPS, Q3 2027 earnings at $0.79 EPS, Q4 2027 earnings at $0.46 EPS and FY2027 earnings at $1.77 EPS.

NetScout Systems Price Performance

NTCT traded down $0.19 during trading on Monday, reaching $24.89. 474,561 shares of the stock were exchanged, compared to its average volume of 616,611. The business's 50 day moving average price is $23.07 and its two-hundred day moving average price is $22.36. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 24.89 and a beta of 0.72. NetScout Systems has a 1 year low of $18.12 and a 1 year high of $27.89.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last posted its earnings results on Thursday, August 7th. The technology company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.05. The company had revenue of $186.75 million for the quarter, compared to the consensus estimate of $181.50 million. NetScout Systems had a return on equity of 7.47% and a net margin of 8.72%.NetScout Systems's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 earnings per share. NetScout Systems has set its FY 2026 guidance at 2.250-2.40 EPS. On average, analysts anticipate that NetScout Systems will post 1.5 EPS for the current year.

Insiders Place Their Bets

In other NetScout Systems news, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the business's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $23.85, for a total transaction of $83,475.00. Following the sale, the director directly owned 127,798 shares in the company, valued at approximately $3,047,982.30. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Szabados sold 4,000 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $22.91, for a total value of $91,640.00. Following the completion of the sale, the director owned 38,939 shares in the company, valued at $892,092.49. This represents a 9.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,500 shares of company stock worth $442,348. 3.82% of the stock is owned by corporate insiders.

Institutional Trading of NetScout Systems

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Hohimer Wealth Management LLC lifted its position in NetScout Systems by 4.8% during the first quarter. Hohimer Wealth Management LLC now owns 11,097 shares of the technology company's stock worth $233,000 after buying an additional 504 shares during the period. PNC Financial Services Group Inc. lifted its position in NetScout Systems by 15.8% during the first quarter. PNC Financial Services Group Inc. now owns 4,048 shares of the technology company's stock worth $85,000 after buying an additional 553 shares during the period. Quantinno Capital Management LP lifted its position in NetScout Systems by 6.2% during the second quarter. Quantinno Capital Management LP now owns 10,552 shares of the technology company's stock worth $262,000 after buying an additional 615 shares during the period. Mariner LLC lifted its position in NetScout Systems by 5.4% during the fourth quarter. Mariner LLC now owns 13,307 shares of the technology company's stock worth $288,000 after buying an additional 681 shares during the period. Finally, Natixis Advisors LLC lifted its position in NetScout Systems by 2.4% during the first quarter. Natixis Advisors LLC now owns 29,371 shares of the technology company's stock worth $617,000 after buying an additional 681 shares during the period. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

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.