Key Points
- Director John Egan sold 14,500 NetScout shares for $475,310, reducing his stake by 12.86%; he retained 98,240 shares after the transaction.
- NetScout beat quarterly estimates, reporting EPS of $0.71 versus $0.66 expected and revenue of $222.19 million versus $218.77 million expected; revenue rose 1.4% year over year.
- Shares traded at $32.13, down 1.3% on Friday. Analysts’ consensus rating is Hold, with an average price target of $42.50.
NetScout Systems, Inc. (NASDAQ:NTCT - Get Free Report) EVP John Downing sold 8,000 shares of NetScout Systems stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $31.87, for a total transaction of $254,960.00. Following the completion of the transaction, the executive vice president owned 123,341 shares of the company's stock, valued at $3,930,877.67. This trade represents a 6.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
NetScout Systems Trading Down 1.3%
NTCT traded down $0.42 during trading hours on Friday, hitting $32.13. 345,625 shares of the company's stock were exchanged, compared to its average volume of 534,935. NetScout Systems, Inc. has a 12-month low of $25.29 and a 12-month high of $45.28. The firm has a 50 day moving average of $38.08 and a 200 day moving average of $36.61. The firm has a market cap of $2.28 billion, a P/E ratio of 18.26 and a beta of 0.72.
NetScout Systems (NASDAQ:NTCT - Get Free Report) last released its earnings results on Thursday, November 5th. The technology company reported $0.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.05. NetScout Systems had a net margin of 14.62% and a return on equity of 9.63%. The company had revenue of $222.19 million for the quarter, compared to analyst estimates of $218.77 million. During the same period in the prior year, the business earned $0.62 EPS. The firm's quarterly revenue was up 1.4% on a year-over-year basis. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, research analysts expect that NetScout Systems, Inc. will post 2.15 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
NTCT has been the topic of several analyst reports. Zacks Research cut NetScout Systems from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 8th. Weiss Ratings upgraded NetScout Systems from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. Royal Bank Of Canada lowered their target price on NetScout Systems from $43.00 to $35.00 and set a "sector perform" rating for the company in a research note on Friday, November 6th. Wall Street Zen downgraded NetScout Systems from a "strong-buy" rating to a "hold" rating in a report on Saturday, November 7th. Finally, B. Riley Financial restated a "buy" rating and set a $50.00 price target on shares of NetScout Systems in a report on Sunday, August 9th. after the company reported F1Q27 results. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $42.50.
Get Our Latest Stock Report on NetScout Systems
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of NetScout Systems in the 2nd quarter valued at about $498,027,000. Legal & General Group Plc purchased a new stake in NetScout Systems during the second quarter worth approximately $165,970,000. Bank of New York Mellon Corp purchased a new stake in NetScout Systems during the second quarter worth approximately $19,702,000. SEB Asset Management AB purchased a new stake in NetScout Systems during the first quarter worth approximately $14,137,000. Finally, Empowered Funds LLC acquired a new position in NetScout Systems in the second quarter valued at approximately $14,811,000. Institutional investors and hedge funds own 91.64% of the company's stock.
NetScout Systems Company Profile
(
Get Free Report)
NetScout Systems, Inc. provides network monitoring, performance management, and cybersecurity solutions for enterprises, communications service providers, and government organizations. Its technology helps customers monitor network and application performance, investigate service disruptions, and identify security threats across complex digital environments. The company's offerings include the nGenius platform for service assurance and network visibility, as well as Arbor products designed to detect and mitigate distributed denial-of-service (DDoS) attacks.
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