Equities analysts expect NetScout Systems, Inc. (NASDAQ:NTCT) to announce earnings of $0.14 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for NetScout Systems’ earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.16. NetScout Systems posted earnings of $0.29 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 51.7%. The business is expected to issue its next quarterly earnings results on Thursday, October 25th.
According to Zacks, analysts expect that NetScout Systems will report full-year earnings of $1.34 per share for the current year, with EPS estimates ranging from $1.32 to $1.35. For the next fiscal year, analysts forecast that the firm will post earnings of $1.73 per share, with EPS estimates ranging from $1.67 to $1.77. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for NetScout Systems.
NetScout Systems (NASDAQ:NTCT) last posted its earnings results on Thursday, July 26th. The technology company reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.02. NetScout Systems had a return on equity of 3.79% and a net margin of 4.28%. The firm had revenue of $205.11 million during the quarter, compared to analyst estimates of $210.47 million. During the same period in the previous year, the company earned $0.08 EPS. The company’s revenue for the quarter was down 9.2% on a year-over-year basis.
Several equities research analysts recently weighed in on NTCT shares. BidaskClub lowered NetScout Systems from a “sell” rating to a “strong sell” rating in a report on Saturday, August 18th. Zacks Investment Research lowered NetScout Systems from a “hold” rating to a “strong sell” rating in a report on Friday, May 11th. ValuEngine lowered NetScout Systems from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd. Finally, Piper Jaffray Companies set a $31.00 target price on NetScout Systems and gave the stock a “buy” rating in a report on Monday, August 13th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $28.33.
NTCT traded down $0.25 on Monday, hitting $24.75. The company had a trading volume of 653,227 shares, compared to its average volume of 444,390. NetScout Systems has a 1-year low of $23.15 and a 1-year high of $33.90. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.90 and a current ratio of 2.00. The firm has a market cap of $2.01 billion, a P/E ratio of 25.00, a price-to-earnings-growth ratio of 2.85 and a beta of 1.30.
In other NetScout Systems news, insider Michael Szabados sold 5,000 shares of NetScout Systems stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $26.96, for a total value of $134,800.00. Following the transaction, the insider now directly owns 38,616 shares of the company’s stock, valued at approximately $1,041,087.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Vincent J. Mullarkey sold 6,000 shares of NetScout Systems stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $25.43, for a total value of $152,580.00. Following the completion of the transaction, the director now directly owns 36,613 shares in the company, valued at $931,068.59. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,000 shares of company stock worth $365,380. Company insiders own 3.93% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. First Mercantile Trust Co. bought a new position in NetScout Systems in the 2nd quarter worth approximately $164,000. Hartford Investment Management Co. bought a new position in NetScout Systems in the 2nd quarter worth approximately $223,000. Pillar Pacific Capital Management LLC bought a new position in NetScout Systems in the 2nd quarter worth approximately $223,000. Tower Research Capital LLC TRC increased its position in NetScout Systems by 201.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,784 shares of the technology company’s stock worth $232,000 after buying an additional 5,198 shares during the period. Finally, Element Capital Management LLC bought a new position in NetScout Systems in the 1st quarter worth approximately $261,000.
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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