NetScout Systems (NASDAQ:NTCT) posted its earnings results on Thursday. The technology company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.16, MarketWatch Earnings reports. The firm had revenue of $183.82 million during the quarter, compared to the consensus estimate of $184.10 million. NetScout Systems had a return on equity of 4.24% and a net margin of 1.03%.

NTCT traded down $0.07 during trading on Friday, reaching $25.46. The company had a trading volume of 564,173 shares, compared to its average volume of 372,649. The stock has a market cap of $1.88 billion, a P/E ratio of 212.17, a PEG ratio of 4.39 and a beta of 1.08. The business has a 50 day simple moving average of $25.69 and a 200-day simple moving average of $25.76. NetScout Systems has a 52 week low of $19.11 and a 52 week high of $29.62. The company has a quick ratio of 1.60, a current ratio of 1.76 and a debt-to-equity ratio of 0.27.

A number of research analysts have recently commented on NTCT shares. Lake Street Capital downgraded NetScout Systems from a “buy” rating to a “hold” rating and set a $28.00 target price for the company. in a research report on Thursday. Zacks Investment Research downgraded NetScout Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, June 3rd. BidaskClub downgraded NetScout Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Finally, Royal Bank of Canada raised their price target on NetScout Systems from $25.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. NetScout Systems currently has an average rating of “Hold” and a consensus target price of $25.25.

In other news, EVP John Downing sold 11,000 shares of NetScout Systems stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $25.76, for a total transaction of $283,360.00. Following the completion of the sale, the executive vice president now directly owns 86,945 shares in the company, valued at $2,239,703.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Michael Szabados sold 6,000 shares of NetScout Systems stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $25.97, for a total value of $155,820.00. Following the sale, the chief operating officer now owns 37,230 shares of the company’s stock, valued at $966,863.10. The disclosure for this sale can be found here. 4.36% of the stock is owned by company insiders.

About NetScout Systems

NetScout Systems, Inc provides real-time operational intelligence and performance analytics for digital business services against disruptions in availability, performance, and security 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.

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Earnings History for NetScout Systems (NASDAQ:NTCT)

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