NetScout Systems - NTCT Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NetScout Systems in the last twelve months. There are currently 1 sell rating for the stock. The consensus among Wall Street analysts is that investors should "sell" NTCT shares.
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1 brokerages have issued 12 month price objectives for NetScout Systems' stock. Their NTCT share price forecasts range from $30.00 to $30.00. On average, they predict the company's share price to reach $30.00 in the next year. This suggests a possible upside of 6.7% from the stock's current price.
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NetScout Systems' stock was trading at $32.51 at the start of the year. Since then, NTCT shares have decreased by 13.5% and is now trading at $28.12.
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NetScout Systems saw a decrease in short interest in March. As of March 15th, there was short interest totaling 1,730,000 shares, a decrease of 19.5% from the February 28th total of 2,150,000 shares. Based on an average trading volume of 434,800 shares, the short-interest ratio is presently 4.0 days. Currently, 2.5% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our NTCT earnings forecast.

NetScout Systems, Inc. (NASDAQ:NTCT) announced its earnings results on Thursday, November, 4th. The technology company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.09. The technology company earned $212 million during the quarter, compared to analysts' expectations of $204.70 million. NetScout Systems had a trailing twelve-month return on equity of 5.50% and a net margin of 6.19%. NetScout Systems's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 EPS.

ETFs with the largest weight of NetScout Systems (NASDAQ:NTCT) stock in their portfolio include iShares North American Tech-Multimedia Networking ETF (IGN), Invesco Dynamic Software ETF (PSJ), ProShares Big Data Refiners ETF (DAT), Invesco Dynamic Networking ETF (PXQ), 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 updated its FY 2023 earnings guidance on Thursday, January, 26th. The company provided EPS guidance of $2.06-$2.10 for the period, compared to the consensus estimate of $2.00. The company issued revenue guidance of $905.00 million-$915.00 million, compared to the consensus revenue estimate of $908.74 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 variety of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (7.98%), Neuberger Berman Group LLC (7.62%), Franklin Resources Inc. (6.17%), Legal & General Group Plc (4.63%), First Trust Advisors LP (3.86%) and CIBC Private Wealth Group LLC (2.90%). Insiders that own company stock include Jean A Bua, John Downing, Joseph G Hadzima Jr and Michael Szabados.
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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.
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One share of NTCT stock can currently be purchased for approximately $28.12.

NetScout Systems (NASDAQ:NTCT) has a market capitalization of $2.00 billion and generates $855.58 million in revenue each year. The technology company earns $35.87 million in net income (profit) each year or $0.76 on an earnings per share basis.

The company employs 2,331 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.