FY2019 EPS Estimates for NetScout Systems, Inc. Cut by Analyst (NTCT)

NetScout Systems, Inc. (NASDAQ:NTCT) – Stock analysts at Piper Jaffray Companies reduced their FY2019 EPS estimates for NetScout Systems in a research note issued on Wednesday, April 10th, according to Zacks Investment Research. Piper Jaffray Companies analyst A. Nowinski now forecasts that the technology company will earn $0.81 per share for the year, down from their prior forecast of $0.82. Piper Jaffray Companies has a “Neutral” rating and a $30.00 price objective 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.

NTCT has been the topic of a number of other research reports. Zacks Investment Research downgraded NetScout Systems from a “buy” rating to a “hold” rating in a research note on Thursday, January 24th. ValuEngine raised NetScout Systems from a “hold” rating to a “buy” rating in a research report on Friday, February 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $29.00.

Shares of NTCT traded down $0.35 during midday trading on Friday, reaching $28.83. The stock had a trading volume of 559,790 shares, compared to its average volume of 402,733. NetScout Systems has a 52 week low of $21.58 and a 52 week high of $31.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.00 and a current ratio of 2.08. The company has a market capitalization of $2.24 billion, a PE ratio of 29.12, a P/E/G ratio of 2.71 and a beta of 1.31.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 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 $235.00 million for the quarter, compared to the consensus estimate of $235.04 million. During the same quarter in the previous year, the business earned $0.36 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year.

In related news, Director Joseph G. Hadzima, Jr. sold 3,500 shares of NetScout Systems stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $28.00, for a total transaction of $98,000.00. Following the completion of the transaction, the director now owns 113,798 shares in the company, valued at $3,186,344. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Downing sold 3,000 shares of NetScout Systems stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $26.68, for a total value of $80,040.00. Following the transaction, the insider now owns 98,366 shares of the company’s stock, valued at approximately $2,624,404.88. The disclosure for this sale can be found here. Insiders sold a total of 12,500 shares of company stock valued at $333,140 in the last 90 days. 3.93% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. Quantamental Technologies LLC bought a new stake in shares of NetScout Systems during the fourth quarter worth approximately $74,000. Pillar Pacific Capital Management LLC bought a new stake in shares of NetScout Systems during the first quarter worth approximately $202,000. Dupont Capital Management Corp bought a new stake in shares of NetScout Systems during the fourth quarter worth approximately $184,000. Amundi Pioneer Asset Management Inc. bought a new stake in shares of NetScout Systems during the fourth quarter worth approximately $217,000. Finally, Stephens Inc. AR acquired a new stake in shares of NetScout Systems in the fourth quarter valued at approximately $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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