NetScout Systems (NASDAQ:NTCT) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.66-0.69 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.64. The company issued revenue guidance of $270-274 million, compared to the consensus revenue estimate of $314.38 million.NetScout Systems also updated its FY18 guidance to $1.30-1.45 EPS.

Several research firms recently issued reports on NTCT. BidaskClub cut NetScout Systems from a hold rating to a sell rating in a research report on Saturday. Zacks Investment Research upgraded NetScout Systems from a sell rating to a hold rating in a research report on Wednesday, December 27th. Piper Jaffray Companies began coverage on NetScout Systems in a research report on Monday, November 13th. They set an overweight rating and a $34.00 target price for the company. Royal Bank of Canada reiterated a hold rating and set a $33.00 target price on shares of NetScout Systems in a research report on Friday, October 27th. Finally, B. Riley restated a buy rating and set a $36.00 price target on shares of NetScout Systems in a report on Friday, October 27th. One research analyst has 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 presently has an average rating of Hold and a consensus price target of $33.20.

NetScout Systems (NASDAQ:NTCT) opened at $30.40 on Wednesday. The firm has a market capitalization of $2,650.00, a P/E ratio of 168.89, a price-to-earnings-growth ratio of 1.87 and a beta of 1.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.51 and a current ratio of 1.60. NetScout Systems has a 1-year low of $27.65 and a 1-year high of $38.47.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings results on Thursday, October 26th. The technology company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.03. The business had revenue of $256.90 million during the quarter, compared to analysts’ expectations of $251.13 million. NetScout Systems had a return on equity of 5.15% and a net margin of 1.52%. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 EPS. equities research analysts expect that NetScout Systems will post 1.59 earnings per share for the current fiscal year.

NetScout Systems declared that its board has authorized a stock repurchase plan on Thursday, October 26th that permits the company to buyback 25,000,000 shares. This buyback authorization permits the technology company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

In other NetScout Systems news, insider Michael Szabados sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $28.19, for a total transaction of $140,950.00. Following the completion of the transaction, the insider now owns 43,424 shares in the company, valued at approximately $1,224,122.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John Downing sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $28.17, for a total value of $84,510.00. Following the transaction, the executive vice president now owns 88,821 shares of the company’s stock, valued at approximately $2,502,087.57. The disclosure for this sale can be found here. Company insiders own 3.51% of the company’s stock.

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About NetScout Systems

NetScout Systems, Inc (NetScout) provides operational intelligence and performance analytics for service assurance and cyber security solutions. The Company’s solutions are used in various service provider, enterprise and government networks. Its nGenius and Infinistream technologies, along with certain product lines from the acquired businesses, enable information technology (IT) organizations to manage service delivery quality, and identify and address business service performance issues and security threats.

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