$249.35 Million in Sales Expected for NetScout Systems, Inc. (NTCT) This Quarter

Analysts predict that NetScout Systems, Inc. (NASDAQ:NTCT) will post sales of $249.35 million for the current quarter, according to Zacks. Two analysts have issued estimates for NetScout Systems’ earnings. The highest sales estimate is $250.00 million and the lowest is $248.70 million. NetScout Systems posted sales of $238.46 million during the same quarter last year, which suggests a positive year-over-year growth rate of 4.6%. The firm is expected to report its next earnings report on Thursday, May 2nd.

On average, analysts expect that NetScout Systems will report full-year sales of $925.65 million for the current fiscal year, with estimates ranging from $925.00 million to $926.30 million. For the next year, analysts anticipate that the company will post sales of $933.15 million, with estimates ranging from $932.30 million to $934.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow NetScout Systems.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings results on Wednesday, January 30th. The technology company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.05. The business had revenue of $246.00 million for the quarter, compared to analyst estimates of $237.17 million. NetScout Systems had a positive return on equity of 2.09% and a negative net margin of 8.32%. NetScout Systems’s quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.69 EPS.

Several brokerages recently commented on NTCT. ValuEngine lowered NetScout Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Zacks Investment Research lowered NetScout Systems from a “buy” rating to a “sell” rating in a research note on Thursday, February 7th. Finally, Lake Street Capital set a $33.00 price target on NetScout Systems and gave the company a “buy” rating in a research note on Wednesday, December 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. NetScout Systems has a consensus rating of “Hold” and a consensus target price of $29.25.

In other NetScout Systems news, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the business’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $28.00, for a total value of $98,000.00. Following the transaction, the director now owns 113,798 shares of the company’s stock, valued at $3,186,344. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John Downing sold 3,000 shares of the business’s stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $26.68, for a total value of $80,040.00. Following the completion of the transaction, the insider now directly owns 98,366 shares in the company, valued at approximately $2,624,404.88. The disclosure for this sale can be found here. In the last three months, insiders sold 12,500 shares of company stock worth $333,140. Insiders own 3.93% of the company’s stock.

A number of institutional investors have recently bought and sold shares of NTCT. US Bancorp DE increased its position in NetScout Systems by 175.5% during the 3rd quarter. US Bancorp DE now owns 14,536 shares of the technology company’s stock worth $367,000 after purchasing an additional 9,260 shares in the last quarter. SG Americas Securities LLC grew its position in NetScout Systems by 48.5% in the third quarter. SG Americas Securities LLC now owns 23,518 shares of the technology company’s stock valued at $594,000 after acquiring an additional 7,685 shares in the last quarter. Prudential Financial Inc. grew its position in NetScout Systems by 509.9% in the third quarter. Prudential Financial Inc. now owns 336,794 shares of the technology company’s stock valued at $8,504,000 after acquiring an additional 281,570 shares in the last quarter. Alliancebernstein L.P. grew its position in NetScout Systems by 34.5% in the third quarter. Alliancebernstein L.P. now owns 3,565,109 shares of the technology company’s stock valued at $90,019,000 after acquiring an additional 915,225 shares in the last quarter. Finally, FMR LLC grew its position in NetScout Systems by 4.9% in the third quarter. FMR LLC now owns 92,707 shares of the technology company’s stock valued at $2,341,000 after acquiring an additional 4,347 shares in the last quarter.

NTCT stock traded up $0.20 during trading on Thursday, hitting $27.23. The company had a trading volume of 202,702 shares, compared to its average volume of 374,942. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.08 and a quick ratio of 2.00. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 27.51, a P/E/G ratio of 3.34 and a beta of 1.30. NetScout Systems has a fifty-two week low of $21.58 and a fifty-two week high of $31.77.

NetScout Systems Company Profile

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 and Estimates for NetScout Systems (NASDAQ:NTCT)

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