NetScout Systems, Inc. (NASDAQ:NTCT) insider John Downing sold 3,000 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $26.41, for a total transaction of $79,230.00. The sale was disclosed in a filing with the SEC, which is available through this link.
Shares of NASDAQ NTCT traded down $0.35 during mid-day trading on Friday, hitting $26.14. The company’s stock had a trading volume of 21,707 shares, compared to its average volume of 319,745. The firm has a market capitalization of $2.05 billion, a PE ratio of 32.27, a price-to-earnings-growth ratio of 2.85 and a beta of 1.31. The company has a current ratio of 2.11, a quick ratio of 2.04 and a debt-to-equity ratio of 0.27. NetScout Systems, Inc. has a one year low of $21.58 and a one year high of $31.77.
NetScout Systems (NASDAQ:NTCT) last issued its earnings results on Thursday, May 2nd. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.05. The company had revenue of $235.00 million for the quarter, compared to analyst estimates of $235.04 million. NetScout Systems had a negative net margin of 8.06% and a positive return on equity of 3.16%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 EPS. As a group, equities research analysts anticipate that NetScout Systems, Inc. will post 0.93 earnings per share for the current fiscal year.
A number of equities research analysts have commented on NTCT shares. Zacks Investment Research lowered shares of NetScout Systems from a “buy” rating to a “sell” rating in a report on Thursday, February 7th. ValuEngine lowered shares of NetScout Systems from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Finally, Piper Jaffray Companies lowered shares of NetScout Systems from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $31.00 to $30.00 in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $29.00.
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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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