NetScout Systems (NTCT) has risen sharply, recording gains of 21.01% in the past 4 weeks. However, the stock has corrected -0.18% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 18.08% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
NetScout Systems (NASDAQ:NTCT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.81 and $27.74 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.07. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.93, notching a gain of 0.94% for the day. The total traded volume was 552,662 . The stock had closed at $27.67 on the previous day.
The stock has recorded a 20-day Moving Average of 9.75% and the 50-Day Moving Average is 15.01%. NetScout Systems, Inc. is up 23.53% in the last 3-month period. Year-to-Date the stock performance stands at -9.02%.
NetScout Systems (NTCT) : The highest level NetScout Systems (NTCT) is projected to reach is $36 for the short term and the lowest estimate is at $24. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $31 and the possibility the share price can swing is $3.7.
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.