NetScout Systems (NASDAQ:NTCT) is set to announce its earnings results on Tuesday, January 30th. Analysts expect the company to announce earnings of $0.66 per share for the quarter.

NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings results on Thursday, October 26th. The technology company reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.03. The company had revenue of $256.90 million for the quarter, compared to analysts’ expectations of $251.13 million. NetScout Systems had a return on equity of 5.15% and a net margin of 1.52%. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 earnings per share. On average, analysts expect NetScout Systems to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NetScout Systems (NTCT) opened at $26.15 on Tuesday. The firm has a market capitalization of $2,352.80, a price-to-earnings ratio of 153.83, a P/E/G ratio of 2.69 and a beta of 1.60. NetScout Systems has a 12 month low of $25.75 and a 12 month high of $38.47. The company has a quick ratio of 1.51, a current ratio of 1.60 and a debt-to-equity ratio of 0.14.

NetScout Systems announced that its Board of Directors has authorized a stock buyback program on Thursday, October 26th that permits the company to repurchase 25,000,000 outstanding shares. This repurchase authorization permits the technology company to purchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

A number of equities research analysts have recently commented on the company. Royal Bank of Canada reissued a “hold” rating and issued a $35.00 target price on shares of NetScout Systems in a research note on Tuesday, October 10th. KeyCorp reissued a “hold” rating on shares of NetScout Systems in a research note on Wednesday, October 11th. Zacks Investment Research raised NetScout Systems from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Thursday, October 26th. Craig Hallum cut their target price on NetScout Systems from $30.00 to $28.00 and set a “hold” rating on the stock in a research note on Thursday, October 26th. Finally, B. Riley reissued a “buy” rating and issued a $36.00 target price on shares of NetScout Systems in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. NetScout Systems presently has a consensus rating of “Hold” and an average target price of $29.67.

In other news, EVP John Downing sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $28.17, for a total transaction of $84,510.00. Following the transaction, the executive vice president now directly owns 88,821 shares of the company’s stock, valued at $2,502,087.57. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael Szabados sold 5,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $28.19, for a total value of $140,950.00. Following the transaction, the insider now directly owns 43,424 shares in the company, valued at $1,224,122.56. The disclosure for this sale can be found here. Corporate insiders own 3.51% of the company’s stock.

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NetScout Systems Company Profile

NetScout Systems, Inc (NetScout) provides operational intelligence and performance analytics for service assurance and cyber security solutions. The Company’s solutions are used in various service provider, enterprise and government networks. Its nGenius and Infinistream technologies, along with certain product lines from the acquired businesses, enable information technology (IT) organizations to manage service delivery quality, and identify and address business service performance issues and security threats.

Earnings History for NetScout Systems (NASDAQ:NTCT)

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