NetScout Systems (NASDAQ:NTCT) : The consensus on NetScout Systems (NASDAQ:NTCT) based on 8 analyst recommendation on the company stock is 1.63, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 5 which endorses a Strong Sell on the stock. However, 5 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 (NASDAQ:NTCT) : The most positive equity analysts on NetScout Systems (NASDAQ:NTCT) expects the shares to touch $39, whereas, the least positive believes that the stock will trade at $24 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $30 with an expected fluctuation of $5.1 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the RBC Capital assumes the rating on NetScout Systems (NASDAQ:NTCT). The brokerage firm has issued a Outperform rating on the shares. The rating by the firm was issued on April 12, 2016.
NetScout Systems (NASDAQ:NTCT): On Tuesdays trading session , Opening price of the stock was $21.4 with an intraday high of $21.91. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $20.99. However, the stock managed to close at $21.29, a loss of 0.79% for the day. On the previous day, the stock had closed at $21.46. The total traded volume of the day was 1,281,308 shares.
In an insider trading activity,The officer (Chief Operating Officer) of Netscout Systems Inc, Szabados Michael sold 5,000 shares at $23.08 on May 10, 2016. The Insider selling transaction had a total value worth of $115,400. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.