NetScout Systems - NTCT Stock Forecast, Price & News

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. It also provides nGeniusPULSE, an active testing tool that enables enterprises to identify infrastructure performance issues and determine application availability, reliability, and performance; and nGenius Business Analytics solution, which enables service providers to analyze their network traffic. In addition, the company offers ISNG, an advanced passive network probe; packet flow systems that deliver targeted network traffic access to various monitoring and security tools and systems; and a suite of test access points that enable non-disruptive access to network traffic. Further, it provides cybersecurity solutions to protect their networks against distributed denial of service attacks under the Arbor brand, such as Arbor Sightline, Arbor Threat Mitigation System, Arbor Insight, Arbor Edge Defense, and Arbor Cloud. Additionally, it offers advanced threat detection solutions, such as Omnis Cyber Investigator. It serves enterprise customers in various industries, including financial services, technology, manufacturing, healthcare, utilities, education, transportation, and retail; mobile operators, wireline operators, cable operators, Internet service providers, and cloud providers; and governmental agencies through a direct sales force, and indirect reseller and distribution channels. NetScout Systems, Inc. was incorporated in 1984 and is headquartered in Westford, Massachusetts.

NetScout Systems Stock Performance

NASDAQ:NTCT opened at $32.75 on Friday. The stock's 50-day moving average is $33.72 and its 200-day moving average is $32.84. NetScout Systems has a 1-year low of $26.01 and a 1-year high of $37.68. The stock has a market cap of $2.34 billion, a P/E ratio of 59.55, a price-to-earnings-growth ratio of 4.90 and a beta of 0.60. The company has a current ratio of 1.36, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10.

NetScout Systems (NASDAQ:NTCT - Get Rating) last issued its earnings results on Thursday, August 4th. The technology company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.02. The company had revenue of $208.80 million for the quarter, compared to analyst estimates of $204.25 million. NetScout Systems had a return on equity of 4.85% and a net margin of 4.71%. NetScout Systems's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 earnings per share. Equities research analysts anticipate that NetScout Systems will post 1.35 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NTCT. StockNews.com upgraded NetScout Systems from a "buy" rating to a "strong-buy" rating in a research report on Friday, August 5th. Piper Sandler cut NetScout Systems from a "neutral" rating to an "underweight" rating and reduced their price target for the stock from $35.00 to $33.00 in a report on Tuesday, May 31st.

Insider Buying and Selling at NetScout Systems

In other NetScout Systems news, COO Michael Szabados sold 7,500 shares of the company's stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $33.89, for a total value of $254,175.00. Following the completion of the transaction, the chief operating officer now owns 40,310 shares in the company, valued at approximately $1,366,105.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Michael Szabados sold 7,500 shares of the stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $33.89, for a total transaction of $254,175.00. Following the completion of the transaction, the chief operating officer now owns 40,310 shares in the company, valued at approximately $1,366,105.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Downing sold 3,000 shares of the stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $33.67, for a total value of $101,010.00. Following the transaction, the executive vice president now owns 116,086 shares of the company's stock, valued at approximately $3,908,615.62. The disclosure for this sale can be found here. Corporate insiders own 3.92% of the company's stock.