Brokerages expect NetScout Systems, Inc. (NASDAQ:NTCT) to post sales of $249.25 million for the current quarter, Zacks reports. Two analysts have made estimates for NetScout Systems’ earnings, with the highest sales estimate coming in at $251.00 million and the lowest estimate coming in at $247.50 million. NetScout Systems reported sales of $246.25 million in the same quarter last year, which indicates a positive year-over-year growth rate of 1.2%. The business is expected to announce its next quarterly earnings results on Wednesday, January 29th.

According to Zacks, analysts expect that NetScout Systems will report full year sales of $903.60 million for the current financial year, with estimates ranging from $899.70 million to $907.50 million. For the next year, analysts anticipate that the firm will post sales of $931.95 million, with estimates ranging from $925.90 million to $938.00 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow NetScout Systems.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03. NetScout Systems had a positive return on equity of 3.39% and a negative net margin of 3.53%. The company had revenue of $216.42 million for the quarter, compared to analyst estimates of $207.47 million. During the same period in the prior year, the company posted $0.25 EPS. The company’s revenue was down 3.3% compared to the same quarter last year.

Several research analysts have recently commented on NTCT shares. Piper Jaffray Companies downgraded NetScout Systems from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $25.00 to $20.00 in a report on Friday, October 11th. Zacks Investment Research downgraded NetScout Systems from a “buy” rating to a “sell” rating in a report on Wednesday, November 6th. Finally, BidaskClub downgraded NetScout Systems from a “hold” rating to a “sell” rating in a report on Thursday, November 21st. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $26.00.

In other NetScout Systems news, COO Michael Szabados sold 6,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $24.96, for a total transaction of $149,760.00. Following the transaction, the chief operating officer now owns 49,230 shares of the company’s stock, valued at approximately $1,228,780.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John Downing sold 5,659 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $24.91, for a total value of $140,965.69. Following the transaction, the insider now directly owns 104,286 shares in the company, valued at approximately $2,597,764.26. The disclosure for this sale can be found here. Insiders sold a total of 12,000 shares of company stock worth $299,261 over the last three months. 4.06% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of NTCT. Point72 Asset Management L.P. acquired a new position in NetScout Systems during the 3rd quarter worth $28,000. Huntington National Bank lifted its holdings in NetScout Systems by 1,101.7% during the 2nd quarter. Huntington National Bank now owns 1,418 shares of the technology company’s stock worth $36,000 after buying an additional 1,300 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in NetScout Systems during the 2nd quarter worth $92,000. Quantamental Technologies LLC acquired a new position in NetScout Systems during the 2nd quarter worth $205,000. Finally, Wedge Capital Management L L P NC acquired a new position in NetScout Systems during the 2nd quarter worth $231,000. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NTCT stock traded down $0.92 during trading hours on Wednesday, hitting $24.28. The company had a trading volume of 631,611 shares, compared to its average volume of 447,209. NetScout Systems has a 12 month low of $20.94 and a 12 month high of $30.30. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 29.98 and a beta of 1.41. The firm’s fifty day moving average is $23.69 and its 200 day moving average is $24.13. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.56 and a current ratio of 1.63.

NetScout Systems Company Profile

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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