NetScout Systems (NASDAQ:NTCT) has received a short term rating of strong sell from experts at Zacks with a rank of 5. The stock has been rated an average of 1.63 by 8 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 2 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Brokerage firm RBC Capital assumes its rating on NetScout Systems (NASDAQ:NTCT). The shares have been rated Outperform. The rating by the firm was issued on April 12, 2016.
NetScout Systems (NASDAQ:NTCT): According to 7 Analysts, The short term target price has been estimated at $ 30.The target price could deviate by a maximum of $5.1 from the forecast price. In the near term, the target price could hit a high of $39 and a low of $ 24.
NetScout Systems (NASDAQ:NTCT) witnessed a decline in the market cap on Tuesday as its shares dropped 1.5% or 0.37 points. After the session commenced at $24.66, the stock reached the higher end at $24.865 while it hit a low of $24. With the volume soaring to 1,008,510 shares, the last trade was called at $24.24. The company has a 52-week high of $41.34. The company has a market cap of $2,273 million and there are 93,757,507 shares in outstanding. The 52-week low of the share price is $18.77.
Shares of NetScout Systems, Inc. rose by 3.77% in the last five trading days and 2.45% for the last 4 weeks. NetScout Systems, Inc. is up 12.43% in the last 3-month period. Year-to-Date the stock performance stands at -21.04%.
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.