NetScout Systems (NTCT) to Release Quarterly Earnings on Thursday

NetScout Systems (NASDAQ:NTCTGet Rating) will be issuing its quarterly earnings data before the market opens on Thursday, January 26th. Analysts expect the company to announce earnings of $0.68 per share for the quarter. NetScout Systems has set its FY23 guidance at $1.97-2.03 EPS and its FY 2023 guidance at $1.97-$2.03 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

NetScout Systems (NASDAQ:NTCTGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The technology company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.08. NetScout Systems had a net margin of 5.69% and a return on equity of 5.23%. The firm had revenue of $228.08 million for the quarter, compared to analyst estimates of $222.43 million. On average, analysts expect NetScout Systems to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NetScout Systems Stock Down 0.1 %

Shares of NASDAQ:NTCT opened at $31.75 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 1.46 and a debt-to-equity ratio of 0.10. NetScout Systems has a 12 month low of $28.69 and a 12 month high of $38.02. The firm has a market cap of $2.29 billion, a P/E ratio of 46.69, a P/E/G ratio of 4.66 and a beta of 0.68. The company’s 50-day moving average price is $33.92 and its two-hundred day moving average price is $33.40.

Analysts Set New Price Targets

A number of research firms have issued reports on NTCT. Piper Sandler cut their target price on shares of NetScout Systems from $31.00 to $30.00 in a research report on Tuesday, January 17th. StockNews.com downgraded shares of NetScout Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 28th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NTCT. US Bancorp DE raised its position in shares of NetScout Systems by 5.8% in the 1st quarter. US Bancorp DE now owns 14,554 shares of the technology company’s stock valued at $467,000 after acquiring an additional 804 shares during the period. Natixis Advisors L.P. raised its position in shares of NetScout Systems by 17.6% in the 1st quarter. Natixis Advisors L.P. now owns 33,907 shares of the technology company’s stock valued at $1,088,000 after acquiring an additional 5,064 shares during the period. Bank of Montreal Can raised its position in shares of NetScout Systems by 1.8% in the 1st quarter. Bank of Montreal Can now owns 21,657 shares of the technology company’s stock valued at $702,000 after acquiring an additional 392 shares during the period. MetLife Investment Management LLC raised its position in shares of NetScout Systems by 56.2% in the 1st quarter. MetLife Investment Management LLC now owns 37,102 shares of the technology company’s stock valued at $1,190,000 after acquiring an additional 13,356 shares during the period. Finally, Rhumbline Advisers raised its position in shares of NetScout Systems by 0.6% in the 1st quarter. Rhumbline Advisers now owns 211,685 shares of the technology company’s stock valued at $6,791,000 after acquiring an additional 1,186 shares during the period. 94.36% of the stock is currently owned by institutional investors and hedge funds.

About NetScout Systems

(Get Rating)

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.

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Earnings History for NetScout Systems (NASDAQ:NTCT)

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