Brokerages Expect NetScout Systems, Inc. (NTCT) Will Post Earnings of $0.20 Per Share

Wall Street analysts forecast that NetScout Systems, Inc. (NASDAQ:NTCT) will post earnings of $0.20 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for NetScout Systems’ earnings, with the lowest EPS estimate coming in at $0.16 and the highest estimate coming in at $0.24. NetScout Systems posted earnings of $0.03 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 566.7%. The firm is expected to announce its next quarterly earnings results on Thursday, July 25th.

On average, analysts expect that NetScout Systems will report full-year earnings of $1.61 per share for the current fiscal year, with EPS estimates ranging from $1.57 to $1.64. For the next financial year, analysts forecast that the firm will post earnings of $1.93 per share, with EPS estimates ranging from $1.84 to $2.01. Zacks’ EPS averages are an average based on a survey of analysts that that provide coverage for NetScout Systems.

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

A number of equities research analysts have recently issued reports on NTCT shares. ValuEngine raised shares of NetScout Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Zacks Investment Research upgraded shares of NetScout Systems from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, Piper Jaffray Companies cut shares of NetScout Systems from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $31.00 to $30.00 in a report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $29.00.

In other news, insider John Downing sold 3,000 shares of the company’s stock in a transaction on Thursday, February 7th. The shares were 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 owns 98,366 shares in the company, valued at approximately $2,624,404.88. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the company’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $28.00, for a total transaction of $98,000.00. Following the completion of the transaction, the director now owns 113,798 shares of the company’s stock, valued at approximately $3,186,344. The disclosure for this sale can be found here. Insiders own 3.93% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Quantamental Technologies LLC acquired a new position in shares of NetScout Systems in the 4th quarter valued at $74,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of NetScout Systems in the 1st quarter valued at $201,000. Pillar Pacific Capital Management LLC acquired a new position in shares of NetScout Systems in the 1st quarter valued at $202,000. Dupont Capital Management Corp acquired a new position in shares of NetScout Systems in the 4th quarter valued at $184,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in shares of NetScout Systems in the 4th quarter valued at $217,000.

NTCT traded down $0.05 during trading on Friday, reaching $27.63. The company had a trading volume of 16,586 shares, compared to its average volume of 401,226. The stock has a market capitalization of $2.24 billion, a P/E ratio of 34.15, a P/E/G ratio of 2.66 and a beta of 1.31. NetScout Systems has a 12-month low of $21.58 and a 12-month high of $31.77. The company has a current ratio of 2.11, a quick ratio of 2.04 and a debt-to-equity ratio of 0.27.

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.

Further Reading: Asset Allocation and Your Retirement

Get a free copy of the Zacks research report on NetScout Systems (NTCT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for NetScout Systems (NASDAQ:NTCT)

Receive News & Ratings for NetScout Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetScout Systems and related companies with MarketBeat.com's FREE daily email newsletter.