NetScout Systems (NASDAQ:NTCT) Downgraded by Zacks Investment Research to Sell

NetScout Systems (NASDAQ:NTCTGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday, reports.

According to Zacks, “NetScout Systems, Inc. is a leading provider of business assurance – a powerful combination of service assurance, cybersecurity, and business intelligence solutions – for today’s most demanding service provider, enterprise and government networks. NETSCOUT’s Adaptive Service Intelligence (ASI) technology continuously monitors the service delivery environment to identify performance issues and provides insight into network-based security threats, helping teams to quickly resolve issues that can cause business disruptions or impact user experience. NETSCOUT delivers unmatched service visibility and protects the digital infrastructure that supports our connected world. “

Separately, downgraded shares of NetScout Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 11th.

NASDAQ NTCT opened at $34.99 on Wednesday. The company’s fifty day moving average is $32.20 and its two-hundred day moving average is $31.79. NetScout Systems has a 52-week low of $26.01 and a 52-week high of $35.27. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.94 and a quick ratio of 1.88. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 69.98, a P/E/G ratio of 4.92 and a beta of 0.64.

NetScout Systems (NASDAQ:NTCTGet Rating) last released its earnings results on Thursday, May 5th. The technology company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. The business had revenue of $191.20 million for the quarter, compared to the consensus estimate of $189.50 million. NetScout Systems had a return on equity of 4.66% and a net margin of 4.32%. The firm’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same period last year, the business earned $0.36 earnings per share. As a group, sell-side analysts expect that NetScout Systems will post 1.4 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in NTCT. Lazard Asset Management LLC bought a new position in NetScout Systems during the 1st quarter valued at about $48,000. Eaton Vance Management boosted its stake in NetScout Systems by 51.7% in the fourth quarter. Eaton Vance Management now owns 3,875 shares of the technology company’s stock worth $59,000 after purchasing an additional 1,321 shares in the last quarter. Econ Financial Services Corp bought a new stake in shares of NetScout Systems during the first quarter worth $63,000. Daiwa Securities Group Inc. increased its stake in shares of NetScout Systems by 28.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,929 shares of the technology company’s stock valued at $97,000 after buying an additional 642 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new position in shares of NetScout Systems in the third quarter valued at about $200,000. Institutional investors and hedge funds own 93.67% of the company’s stock.

NetScout Systems Company Profile (Get Rating)

NetScout Systems, Inc provides service assurance and cybersecurity solutions for protect digital business services against disruptions in the United States, Europe, the Asia Pacific, 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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