NetScout Systems (NASDAQ:NTCT) Announces Quarterly Earnings Results, Beats Estimates By $0.16 EPS

NetScout Systems (NASDAQ:NTCT) issued its quarterly earnings data on Thursday. The technology company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.12 by $0.16, Briefing.com reports. NetScout Systems had a negative net margin of 74.02% and a positive return on equity of 5.35%. The company had revenue of $174.60 million during the quarter, compared to analysts’ expectations of $168.47 million. During the same quarter in the previous year, the company earned $0.10 earnings per share. NetScout Systems’s revenue for the quarter was down 17.3% on a year-over-year basis. NetScout Systems updated its FY25 guidance to $2.10-$2.30 EPS and its FY 2025 guidance to 2.100-2.300 EPS.

NetScout Systems Trading Down 1.6 %

Shares of NetScout Systems stock traded down $0.33 during trading on Friday, reaching $20.04. The company’s stock had a trading volume of 857,182 shares, compared to its average volume of 595,951. NetScout Systems has a 52-week low of $17.10 and a 52-week high of $30.37. The company has a market cap of $1.43 billion, a price-to-earnings ratio of -9.54 and a beta of 0.60. The firm’s 50-day moving average is $19.04 and its two-hundred day moving average is $20.42. The company has a quick ratio of 1.67, a current ratio of 1.54 and a debt-to-equity ratio of 0.05.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. StockNews.com cut shares of NetScout Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $22.00 price objective on shares of NetScout Systems in a research note on Friday.

Insider Activity

In related news, COO Michael Szabados sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $20.41, for a total transaction of $102,050.00. Following the completion of the sale, the chief operating officer now directly owns 21,084 shares in the company, valued at approximately $430,324.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.59% of the stock is owned by corporate insiders.

About NetScout Systems

NetScout Systems, Inc provides service assurance and cybersecurity solutions for protect digital business services against disruptions 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.