Analyst Price Target Update on NetScout Systems (NASDAQ:NTCT)

NetScout Systems (NASDAQ:NTCT): 7 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $30 in NetScout Systems (NASDAQ:NTCT). However, the stock price could fluctuate by $ 5.1 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $39 price target with the lower price estimate is calculated at $24

Many analysts have stated their opinion on the company shares. RBC Capital assumes its rating on NetScout Systems (NASDAQ:NTCT). Analysts at the RBC Capital have a current rating of Outperform on the shares. The rating by the firm was issued on April 12, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Szabados Michael, officer (Chief Operating Officer) of Netscout Systems Inc, had unloaded 5,000 shares at an average price of $23.08 in a transaction dated on May 10, 2016. The total value of the transaction was worth $115,400.

NetScout Systems (NASDAQ:NTCT) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.57 points or 2.39% at $23.3 with 962,020 shares getting traded. Post opening the session at $23.69, the shares hit an intraday low of $23.17 and an intraday high of $24.11 and the price was in this range throughout the day. The company has a market cap of $2,185 million and the number of outstanding shares have been calculated to be 93,757,507 shares. The 52-week high of NetScout Systems (NASDAQ:NTCT) is $41.34 and the 52-week low is $18.77.

NetScout Systems, Inc. is a provider of network, application and service assurance solutions. The Company provides performance analytics that help enterprise, government and service provider customers manage service delivery and identify emerging performance problems. The Company designs, develops, manufactures, markets, licenses, sells and supports the products in hardware and software solutions that are used by commercial enterprises, governmental agencies and telecommunication service providers. The Company has three primary customer groups; enterprise customers, service provider customers and government customers. The Companys products include nGeniusONE Service Assurance Solution, nGenius Intelligent Data Sources, nGenius Packet Flow Switches and Taps, NetScout Test Optimization Products and nGenius NetFlow Solutions.

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