NetScout Systems (NASDAQ:NTCT) Issues Earnings Results, Beats Expectations By $0.17 EPS

NetScout Systems (NASDAQ:NTCT) released its earnings results on Thursday. The technology company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17, Briefing.com reports. The firm had revenue of $219.02 million for the quarter, compared to analysts’ expectations of $200.60 million. NetScout Systems had a net margin of 8.72% and a return on equity of 7.47%. The company’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.47 earnings per share. NetScout Systems updated its FY 2026 guidance to 2.350-2.45 EPS and its FY 2026 guidance to 2.350-2.45 EPS.

NetScout Systems Stock Performance

Shares of NASDAQ:NTCT opened at $28.71 on Friday. The firm has a market capitalization of $2.06 billion, a PE ratio of 28.71 and a beta of 0.71. NetScout Systems has a 52-week low of $18.12 and a 52-week high of $30.67. The firm has a fifty day moving average of $26.16 and a 200 day moving average of $24.00.

Analyst Ratings Changes

Several brokerages have issued reports on NTCT. Royal Bank Of Canada boosted their target price on NetScout Systems from $26.00 to $31.00 and gave the company a “sector perform” rating in a research note on Friday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of NetScout Systems in a report on Tuesday, October 14th. Finally, B. Riley began coverage on shares of NetScout Systems in a report on Tuesday, August 26th. They set a “buy” rating and a $33.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, NetScout Systems has a consensus rating of “Hold” and an average price target of $32.00.

Insider Buying and Selling at NetScout Systems

In other NetScout Systems news, EVP John Downing sold 3,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $30.00, for a total transaction of $90,000.00. Following the transaction, the executive vice president directly owned 135,494 shares in the company, valued at $4,064,820. This trade represents a 2.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Szabados sold 4,000 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $22.91, for a total transaction of $91,640.00. Following the completion of the sale, the director directly owned 38,939 shares of the company’s stock, valued at $892,092.49. This trade represents a 9.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 21,000 shares of company stock worth $532,273 over the last 90 days. Corporate insiders own 3.82% of the company’s stock.

Institutional Investors Weigh In On NetScout Systems

A number of hedge funds and other institutional investors have recently modified their holdings of NTCT. EverSource Wealth Advisors LLC increased its stake in NetScout Systems by 1,936.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,016 shares of the technology company’s stock worth $50,000 after purchasing an additional 1,917 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in NetScout Systems in the 2nd quarter worth $76,000. Tower Research Capital LLC TRC raised its stake in shares of NetScout Systems by 277.2% during the second quarter. Tower Research Capital LLC TRC now owns 7,171 shares of the technology company’s stock valued at $178,000 after acquiring an additional 5,270 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in NetScout Systems during the 2nd quarter valued at about $202,000. Finally, Quantinno Capital Management LP raised its position in NetScout Systems by 6.2% during the 2nd quarter. Quantinno Capital Management LP now owns 10,552 shares of the technology company’s stock valued at $262,000 after purchasing an additional 615 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

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.