NetScout Systems (NTCT) : 8 analysts are covering NetScout Systems (NTCT) and their average rating on the stock is 1.63, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. NetScout Systems (NTCT) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
NetScout Systems (NTCT) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $35 and the lowest price target forecast is $24. The average forecast of all the analysts is $29.43 and the expected standard deviation is $4.04.
NetScout Systems (NASDAQ:NTCT): The stock opened at $21.90 on Wednesday but the bulls could not build on the opening and the stock topped out at $22.07 for the day. The stock traded down to $21.46 during the day, due to lack of any buying support eventually closed down at $21.95 with a loss of -0.05% for the day. The stock had closed at $21.96 on the previous day. The total traded volume was 533,031 shares.
Also, In a research note released to the investors, RBC Capital assumes its rating on NetScout Systems (NASDAQ:NTCT).The analysts at the brokerage house have a current rating of Outperform on the shares. The rating by the firm was issued on April 12, 2016. The company shares have dropped -39.00% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $41.34 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $23.57 and the 200 Day Moving Average price is recorded at $23.31.
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.