NetScout Systems (NTCT) Receives Analyst Rating

NetScout Systems (NTCT) has an average broker rating of 1.63, which is interpreted as a Buy, as rated by 8 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

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 7 Wall Street Brokerage Firms. The average price target for shares are $31 with an expected fluctuation of $4 from the mean.


Also, Pacific Crest initiates coverage on NetScout Systems (NASDAQ:NTCT) The shares have been rated Overweight. The rating by the firm was issued on July 28, 2016.

NetScout Systems (NASDAQ:NTCT): After opening at $28.29, the stock dipped to an intraday low of $28.29 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $29.705 and the buying power remained strong till the end. The stock closed at $29.42 for the day, a gain of 2.87% for the day session. The total traded volume was 569,537. The stocks close on the previous trading day was $28.6.

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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