NetScout Systems (NTCT) Issues FY18 Earnings Guidance

NetScout Systems (NASDAQ:NTCT) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of $1.30-1.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.99. The company issued revenue guidance of $1.0-1.025 billion, compared to the consensus revenue estimate of $1.18 billion.NetScout Systems also updated its Q3 guidance to $0.66-0.69 EPS.

Several brokerages have recently commented on NTCT. Craig Hallum set a $23.00 price objective on shares of NetScout Systems and gave the company a hold rating in a research report on Wednesday, January 10th. DA Davidson cut shares of NetScout Systems from a buy rating to a neutral rating and cut their target price for the company from $37.00 to $27.00 in a research note on Wednesday, January 10th. Zacks Investment Research cut shares of NetScout Systems from a hold rating to a strong sell rating in a research note on Tuesday. Royal Bank of Canada reissued a hold rating and issued a $35.00 price objective on shares of NetScout Systems in a research note on Tuesday, October 10th. Finally, BidaskClub raised shares of NetScout Systems from a sell rating to a hold rating in a research note on Wednesday, December 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $29.67.

Shares of NetScout Systems (NTCT) opened at $27.10 on Wednesday. NetScout Systems has a twelve month low of $25.75 and a twelve month high of $38.47. The firm has a market cap of $2,400.73, a PE ratio of 159.42, a P/E/G ratio of 2.05 and a beta of 1.60. The company has a current ratio of 1.60, a quick ratio of 1.51 and a debt-to-equity ratio of 0.14.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings data on Thursday, October 26th. The technology company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. NetScout Systems had a net margin of 1.52% and a return on equity of 5.15%. The company had revenue of $256.90 million during the quarter, compared to analyst estimates of $251.13 million. During the same quarter last year, the business posted $0.39 EPS. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. equities analysts forecast that NetScout Systems will post 1.35 earnings per share for the current fiscal year.

NetScout Systems announced that its board has approved a stock repurchase plan on Thursday, October 26th that allows the company to repurchase 25,000,000 shares. This repurchase authorization allows the technology company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

In other news, insider Michael Szabados sold 5,000 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $28.19, for a total value of $140,950.00. Following the completion of the sale, the insider now owns 43,424 shares in the company, valued at approximately $1,224,122.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John Downing sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $28.17, for a total transaction of $84,510.00. Following the completion of the sale, the executive vice president now owns 88,821 shares of the company’s stock, valued at approximately $2,502,087.57. The disclosure for this sale can be found here. Insiders own 3.51% of the company’s stock.

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NetScout Systems Company Profile

NetScout Systems, Inc (NetScout) provides operational intelligence and performance analytics for service assurance and cyber security solutions. The Company’s solutions are used in various service provider, enterprise and government networks. Its nGenius and Infinistream technologies, along with certain product lines from the acquired businesses, enable information technology (IT) organizations to manage service delivery quality, and identify and address business service performance issues and security threats.

Earnings History and Estimates for NetScout Systems (NASDAQ:NTCT)

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