Pacific Crest Initiates Coverage on NetScout Systems to Overweight

Pacific Crest Initiates Coverage on NetScout Systems(NASDAQ:NTCT). The shares have been rated Overweight. The rating by Pacific Crest was issued on Jul 28, 2016.

NetScout Systems (NTCT) shares turned negative on Thursdays trading session with the shares closing down -0.39 points or -1.39% at a volume of 5,91,054. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $28.18. The peak price level was also seen at $28.18 while the days lowest was $27.62. Finally the shares closed at $27.67. The 52-week high of the shares is $41.34 while the 52-week low is $18.77. According to the latest information available, the market cap of the company is $2,594 M.

NetScout Systems(NTCT) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $277.96M. Analysts had an estimated revenue of $273.47M. Earnings per share were $0.28. Analysts had estimated an EPS of $0.25.

Several Insider Transactions has been reported to the SEC. On May 11, 2016, Michael Szabados (Chief Operating Officer) sold 5,000 shares at $23.08 per share price.Also, On Feb 1, 2016, Vincent J Mullarkey (director) sold 16,000 shares at $22.16 per share price.On Sep 2, 2015, Victor Demarines (director) sold 11,000 shares at $35.57 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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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