Zacks: Analysts Expect NetScout Systems, Inc. (NASDAQ:NTCT) Will Post Earnings of $0.08 Per Share

Wall Street analysts expect NetScout Systems, Inc. (NASDAQ:NTCT) to announce earnings of $0.08 per share for the current quarter, Zacks reports. Two analysts have issued estimates for NetScout Systems’ earnings, with estimates ranging from $0.07 to $0.08. NetScout Systems posted earnings per share of $0.03 during the same quarter last year, which would indicate a positive year-over-year growth rate of 166.7%. The business is expected to report its next earnings results on Thursday, July 25th.

On average, analysts expect that NetScout Systems will report full year earnings of $1.42 per share for the current fiscal year, with EPS estimates ranging from $1.41 to $1.43. For the next financial year, analysts forecast that the firm will report earnings of $1.73 per share, with EPS estimates ranging from $1.60 to $1.85. Zacks’ EPS averages are an average based on a survey of research analysts that follow NetScout Systems.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.05. NetScout Systems had a negative net margin of 8.06% and a positive return on equity of 3.16%. The company had revenue of $235.00 million during the quarter, compared to analysts’ expectations of $235.04 million. During the same period in the prior year, the company earned $0.36 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year.

Several equities research analysts recently weighed in on the stock. BidaskClub cut shares of NetScout Systems from a “hold” rating to a “sell” rating in a research note on Thursday, June 20th. Zacks Investment Research upgraded shares of NetScout Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. ValuEngine cut shares of NetScout Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Finally, Piper Jaffray Companies cut shares of NetScout Systems from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $31.00 to $30.00 in a research note on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. NetScout Systems has an average rating of “Hold” and a consensus price target of $29.00.

Shares of NASDAQ NTCT traded up $0.39 during mid-day trading on Tuesday, hitting $24.37. The company had a trading volume of 16,731 shares, compared to its average volume of 466,707. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.04 and a current ratio of 2.11. The firm’s 50-day moving average price is $25.71. NetScout Systems has a 12 month low of $21.58 and a 12 month high of $31.77. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 30.11, a P/E/G ratio of 2.64 and a beta of 1.38.

In other news, insider John Downing sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $26.41, for a total transaction of $79,230.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Szabados sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $28.10, for a total transaction of $168,600.00. Following the sale, the insider now directly owns 37,403 shares of the company’s stock, valued at approximately $1,051,024.30. The disclosure for this sale can be found here. Corporate insiders own 3.93% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of NTCT. Norges Bank acquired a new stake in shares of NetScout Systems during the fourth quarter worth approximately $32,308,000. Legal & General Group Plc increased its holdings in shares of NetScout Systems by 891.5% during the fourth quarter. Legal & General Group Plc now owns 995,042 shares of the technology company’s stock worth $23,512,000 after buying an additional 894,682 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of NetScout Systems by 200.8% during the fourth quarter. Prudential Financial Inc. now owns 1,012,978 shares of the technology company’s stock worth $23,936,000 after buying an additional 676,184 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of NetScout Systems by 2,038.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 678,701 shares of the technology company’s stock worth $29,000 after buying an additional 646,969 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its holdings in shares of NetScout Systems by 9.6% during the first quarter. Neuberger Berman Group LLC now owns 5,908,149 shares of the technology company’s stock worth $165,842,000 after buying an additional 515,917 shares in the last quarter.

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 and Estimates for NetScout Systems (NASDAQ:NTCT)

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