Analysts forecast that NetScout Systems, Inc. (NASDAQ:NTCT) will post sales of $209.71 million for the current quarter, Zacks reports. Three analysts have provided estimates for NetScout Systems’ earnings, with the lowest sales estimate coming in at $207.92 million and the highest estimate coming in at $211.20 million. NetScout Systems reported sales of $228.85 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 8.4%. The company is expected to issue its next quarterly earnings results on Thursday, July 26th.
On average, analysts expect that NetScout Systems will report full-year sales of $997.11 million for the current year, with estimates ranging from $994.90 million to $1.00 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.04 billion per share, with estimates ranging from $1.04 billion to $1.05 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover NetScout Systems.
NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings data on Thursday, May 3rd. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. NetScout Systems had a return on equity of 4.07% and a net margin of 8.06%. The business had revenue of $238.50 million for the quarter, compared to analysts’ expectations of $254.42 million. During the same quarter last year, the firm earned $0.65 earnings per share. The business’s revenue was down 25.2% on a year-over-year basis.
In related news, insider Jean A. Bua sold 5,000 shares of NetScout Systems stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $27.22, for a total value of $136,100.00. Following the transaction, the insider now owns 57,602 shares in the company, valued at $1,567,926.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.51% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the stock. Suntrust Banks Inc. acquired a new position in NetScout Systems in the fourth quarter valued at $214,000. Jefferies Group LLC acquired a new position in NetScout Systems in the fourth quarter valued at $228,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in NetScout Systems by 170.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,591 shares of the technology company’s stock valued at $231,000 after acquiring an additional 4,788 shares during the last quarter. Xact Kapitalforvaltning AB acquired a new position in NetScout Systems in the fourth quarter valued at $284,000. Finally, Meadow Creek Investment Management LLC boosted its holdings in NetScout Systems by 32.1% in the fourth quarter. Meadow Creek Investment Management LLC now owns 9,878 shares of the technology company’s stock valued at $301,000 after acquiring an additional 2,398 shares during the last quarter.
Shares of NTCT stock traded up $0.80 during mid-day trading on Monday, hitting $29.95. 1,757,600 shares of the company’s stock were exchanged, compared to its average volume of 1,217,115. NetScout Systems has a fifty-two week low of $23.15 and a fifty-two week high of $36.80. The company has a quick ratio of 1.74, a current ratio of 1.82 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 30.35, a price-to-earnings-growth ratio of 3.02 and a beta of 1.52.
NetScout Systems Company Profile
NetScout Systems, Inc provides real-time operational intelligence and performance analytics for service assurance, and cybersecurity solutions 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 WiFi networks, as well as gain timely insight into services, applications, and systems.
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