Brokerages Expect NetScout Systems, Inc. (NTCT) Will Post Quarterly Sales of $218.80 Million

Equities research analysts expect that NetScout Systems, Inc. (NASDAQ:NTCT) will report sales of $218.80 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for NetScout Systems’ earnings. The highest sales estimate is $221.00 million and the lowest is $216.79 million. NetScout Systems reported sales of $259.95 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 15.8%. The firm is scheduled to issue its next earnings report on Thursday, October 25th.

On average, analysts expect that NetScout Systems will report full year sales of $976.98 million for the current fiscal year, with estimates ranging from $968.60 million to $989.00 million. For the next fiscal year, analysts anticipate that the business will report sales of $1.02 billion, with estimates ranging from $1.01 billion to $1.04 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for NetScout Systems.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings data on Thursday, July 26th. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $205.11 million for the quarter, compared to the consensus estimate of $210.47 million. NetScout Systems had a net margin of 4.28% and a return on equity of 3.79%. The firm’s revenue was down 9.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.08 earnings per share.

NTCT has been the topic of several analyst reports. ValuEngine downgraded shares of NetScout Systems from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd. BidaskClub raised shares of NetScout Systems from a “sell” rating to a “hold” rating in a report on Wednesday, June 13th. Zacks Investment Research raised shares of NetScout Systems from a “sell” rating to a “hold” rating in a report on Wednesday, July 25th. Finally, Piper Jaffray Companies set a $31.00 price target on shares of NetScout Systems and gave the company a “buy” rating in a report on Monday, August 13th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $28.33.

In related news, Director Vincent J. Mullarkey sold 26,466 shares of the business’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $24.79, for a total value of $656,092.14. Following the sale, the director now owns 10,147 shares in the company, valued at $251,544.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Downing sold 3,000 shares of the business’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $26.00, for a total transaction of $78,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,466 shares of company stock worth $1,021,472. Company insiders own 3.93% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in NetScout Systems by 0.7% in the second quarter. BlackRock Inc. now owns 9,634,062 shares of the technology company’s stock worth $286,131,000 after purchasing an additional 64,318 shares during the last quarter. Dimensional Fund Advisors LP increased its position in NetScout Systems by 10.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,309,070 shares of the technology company’s stock worth $187,381,000 after purchasing an additional 614,013 shares during the last quarter. Silvercrest Asset Management Group LLC increased its position in NetScout Systems by 1.2% in the first quarter. Silvercrest Asset Management Group LLC now owns 1,632,416 shares of the technology company’s stock worth $43,014,000 after purchasing an additional 19,012 shares during the last quarter. Northern Trust Corp increased its position in NetScout Systems by 0.4% in the first quarter. Northern Trust Corp now owns 1,584,277 shares of the technology company’s stock worth $41,746,000 after purchasing an additional 6,524 shares during the last quarter. Finally, Fort Pitt Capital Group LLC increased its position in NetScout Systems by 1.4% in the second quarter. Fort Pitt Capital Group LLC now owns 1,264,870 shares of the technology company’s stock worth $37,567,000 after purchasing an additional 17,775 shares during the last quarter.

Shares of NTCT traded down $0.30 on Friday, reaching $25.20. The company’s stock had a trading volume of 34,119 shares, compared to its average volume of 773,429. The company has a current ratio of 2.00, a quick ratio of 1.90 and a debt-to-equity ratio of 0.29. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 2.97 and a beta of 1.30. NetScout Systems has a 12-month low of $23.15 and a 12-month high of $33.50.

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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