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 twelve months. There are currently 1 sell rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" NTCT shares.
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1 Wall Street research analysts have issued 12-month price targets for NetScout Systems' stock. Their NTCT share price forecasts range from $33.00 to $33.00. On average, they expect the company's stock price to reach $33.00 in the next year. This suggests that the stock has a possible downside of 9.2%.
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NetScout Systems' stock was trading at $33.08 at the start of the year. Since then, NTCT shares have increased by 9.9% and is now trading at $36.36.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
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NetScout Systems, Inc. (NASDAQ:NTCT) released its quarterly earnings data on Thursday, November, 4th. The technology company reported $0.47 EPS for the quarter, beating 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 5.69% and a trailing twelve-month return on equity of 5.23%. The firm'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 firm earned $0.21 earnings per share.

NetScout Systems updated its FY 2023 earnings guidance on Thursday, November, 3rd. The company provided earnings per share (EPS) guidance of $1.97-$2.03 for the period, compared to the consensus EPS estimate of $2.00. The company issued revenue guidance of $895.00 million-$925.00 million, compared to the consensus revenue estimate of $911.42 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 shareholders include BlackRock Inc. (16.06%), Vanguard Group Inc. (10.94%), Neuberger Berman Group LLC (7.57%), Dimensional Fund Advisors LP (7.51%), State Street Corp (3.79%) and First Trust Advisors LP (3.27%). Insiders that own company stock include Jean A Bua, John Downing 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 $36.36.

NetScout Systems (NASDAQ:NTCT) has a market capitalization of $2.63 billion and generates $855.58 million in revenue each year. The technology company earns $35.87 million in net income (profit) each year or $0.68 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.