NetScout Systems, Inc. (NASDAQ:NTCT) – Investment analysts at Piper Jaffray Companies cut their FY2019 earnings estimates for NetScout Systems in a report issued on Wednesday, April 10th. Piper Jaffray Companies analyst A. Nowinski now expects that the technology company will post earnings of $0.81 per share for the year, down from their previous forecast of $0.82. Piper Jaffray Companies currently has a “Neutral” rating and a $30.00 price target on the stock. Piper Jaffray Companies also issued estimates for NetScout Systems’ Q4 2019 earnings at $0.51 EPS, Q1 2020 earnings at $0.04 EPS, Q2 2020 earnings at $0.24 EPS, Q3 2020 earnings at $0.41 EPS, Q4 2020 earnings at $0.39 EPS, FY2020 earnings at $1.07 EPS, Q1 2021 earnings at $0.13 EPS, Q2 2021 earnings at $0.34 EPS, Q3 2021 earnings at $0.54 EPS, Q4 2021 earnings at $0.48 EPS, FY2021 earnings at $1.47 EPS and FY2022 earnings at $1.78 EPS.

A number of other analysts have also recently weighed in on NTCT. Zacks Investment Research raised NetScout Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. ValuEngine raised NetScout Systems from a “hold” rating to a “buy” rating in a research report on Friday, February 15th. Finally, Lake Street Capital set a $33.00 price objective on NetScout Systems and gave the stock a “buy” rating in a research report on Wednesday, December 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $29.00.

Shares of NASDAQ:NTCT opened at $28.27 on Friday. NetScout Systems has a fifty-two week low of $21.58 and a fifty-two week high of $31.77. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 28.56, a P/E/G ratio of 2.57 and a beta of 1.30. The company has a quick ratio of 2.00, a current ratio of 2.08 and a debt-to-equity ratio of 0.29.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings results on Wednesday, January 30th. The technology company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. NetScout Systems had a positive return on equity of 2.09% and a negative net margin of 8.32%. The company had revenue of $246.00 million during the quarter, compared to analysts’ expectations of $237.17 million. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The business’s quarterly revenue was down 8.5% compared to the same quarter last year.

In related news, insider John Downing sold 3,000 shares of the business’s stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $26.68, for a total transaction of $80,040.00. Following the completion of the transaction, the insider now owns 98,366 shares of the company’s stock, valued at approximately $2,624,404.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph G. Hadzima, Jr. sold 3,500 shares of the business’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $28.00, for a total value of $98,000.00. Following the transaction, the director now directly 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 have sold a total of 12,500 shares of company stock valued at $333,140 in the last three months. 3.93% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund lifted its position in shares of NetScout Systems by 2,038.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 678,701 shares of the technology company’s stock worth $29,000 after purchasing an additional 646,969 shares during the last quarter. Quantamental Technologies LLC bought a new position in NetScout Systems during the fourth quarter valued at about $74,000. Dupont Capital Management Corp bought a new position in NetScout Systems during the fourth quarter valued at about $184,000. Amundi Pioneer Asset Management Inc. bought a new position in NetScout Systems during the fourth quarter valued at about $217,000. Finally, Stephens Inc. AR bought a new position in NetScout Systems during the fourth quarter valued at about $235,000.

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

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