Analyst Rating Update on NetScout Systems (NTCT)

NetScout Systems (NTCT) : The consensus on NetScout Systems (NTCT) based on 9 analyst recommendation on the company stock is 1.56, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

NetScout Systems (NTCT) : The most positive equity analysts on NetScout Systems (NTCT) expects the shares to touch $36, whereas, the least positive believes that the stock will trade at $24 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $31 with an expected fluctuation of $3.7 from the mean.

For the current week, the company shares have a recommendation consensus of Buy.


NetScout Systems (NASDAQ:NTCT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.24 and $27.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.06, notching a gain of 2.93% for the day. The total traded volume was 1,304,763 . The stock had closed at $27.26 on the previous day.

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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