NetScout Systems (NTCT) Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NetScout Systems in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" NTCT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NTCT, but not buy additional shares or sell existing shares.
View NTCT analyst ratings or view top-rated stocks.

1 Wall Street analysts have issued 1-year price objectives for NetScout Systems' shares. Their NTCT share price forecasts range from $30.00 to $30.00. On average, they anticipate the company's share price to reach $30.00 in the next year. This suggests that the stock has a possible downside of 1.3%.
View analysts price targets for NTCT or view top-rated stocks among Wall Street analysts.

NetScout Systems' stock was trading at $32.51 at the start of the year. Since then, NTCT shares have decreased by 6.5% and is now trading at $30.40.
View the best growth stocks for 2023 here.

NetScout Systems saw a decrease in short interest in May. As of May 15th, there was short interest totaling 1,360,000 shares, a decrease of 19.5% from the April 30th total of 1,690,000 shares. Based on an average daily volume of 412,300 shares, the short-interest ratio is currently 3.3 days. Currently, 2.0% of the company's stock are short sold.
View NetScout Systems' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our NTCT earnings forecast.

NetScout Systems, Inc. (NASDAQ:NTCT) announced its quarterly earnings results on Thursday, November, 4th. The technology company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.38 by $0.09. The technology company had revenue of $212 million for the quarter, compared to analyst estimates of $204.70 million. NetScout Systems had a net margin of 6.52% and a trailing twelve-month return on equity of 5.81%. NetScout Systems's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 earnings per share.

ETFs with the largest weight of NetScout Systems (NASDAQ:NTCT) stock in their portfolio include iShares North American Tech-Multimedia Networking ETF (IGN), ProShares Big Data Refiners ETF (DAT), Invesco Dynamic Networking ETF (PXQ), Invesco Dynamic Software ETF (PSJ), SPDR S&P Telecom ETF (XTL), Invesco S&P SmallCap Information Technology ETF (PSCT), First Trust Nasdaq Cybersecurity ETF (CIBR) and SPDR Kensho Future Security ETF (FITE).

NetScout Systems issued an update on its FY 2024 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of $2.20-$2.32 for the period, compared to the consensus estimate of $2.00. The company issued revenue guidance of $915.00 million-$945.00 million, compared to the consensus revenue estimate of $905.07 million.

175 employees have rated NetScout Systems Chief Executive Officer Anil K. Singhal on Glassdoor.com. Anil K. Singhal has an approval rating of 83% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other NetScout Systems investors own include VBI Vaccines (VBIV), Advanced Micro Devices (AMD), Ampio Pharmaceuticals (AMPE), Capricor Therapeutics (CAPR), Gold Resource (GORO), Pfizer (PFE), Trevena (TRVN), Eastman Chemical (EMN), Telefonaktiebolaget LM Ericsson (publ) (ERIC) and Stride (LRN).

NetScout Systems trades on the NASDAQ under the ticker symbol "NTCT."

NetScout Systems' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.36%), Dimensional Fund Advisors LP (7.82%), Franklin Resources Inc. (3.70%), State Street Corp (3.57%), First Trust Advisors LP (3.24%) and CIBC Private Wealth Group LLC (3.18%). Insiders that own company stock include Jean A Bua, John Downing, Joseph G Hadzima Jr and Michael Szabados.
View institutional ownership trends.

Shares of NTCT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of NTCT stock can currently be purchased for approximately $30.40.

NetScout Systems (NASDAQ:NTCT) has a market capitalization of $2.17 billion and generates $914.53 million in revenue each year. The technology company earns $59.65 million in net income (profit) each year or $0.81 on an earnings per share basis.

The company employs 2,355 workers across the globe.

NetScout Systems' mailing address is 310 LITTLETON ROAD, WESTFORD MA, 01886. The official website for the company is www.netscout.com. The technology company can be reached via phone at (978) 614-4000, via email at ir@netscout.com, or via fax at 978-614-4004.