NetScout Systems (NTCT) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NetScout Systems in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities 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.
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1 brokerages have issued twelve-month price objectives for NetScout Systems' shares. Their NTCT share price forecasts range from $30.00 to $30.00. On average, they expect the company's stock price to reach $30.00 in the next twelve months. This suggests that the stock has a possible downside of 4.2%.
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NetScout Systems' stock was trading at $32.51 at the start of the year. Since then, NTCT stock has decreased by 3.7% and is now trading at $31.31.
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NetScout Systems saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 1,360,000 shares, a decline of 19.5% from the April 30th total of 1,690,000 shares. Based on an average trading volume of 412,300 shares, the days-to-cover ratio is currently 3.3 days. Approximately 2.0% of the company's stock are short sold.
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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) released its earnings results on Thursday, November, 4th. The technology company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.09. The technology company earned $212 million during the quarter, compared to the consensus estimate 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 last year, the business 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), 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 earnings per share 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 many different retail and institutional 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.
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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 $31.31.

NetScout Systems (NASDAQ:NTCT) has a market capitalization of $2.23 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.