NetScout Systems (NTCT) Shares are Up 2.13%

NetScout Systems (NTCT) : Traders are bullish on NetScout Systems (NTCT) as it has outperformed the S&P 500 by a wide margin of 6.62% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.8%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.13% in the last 1 week, and is up 6.4% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 4.98% and the fifty day Moving Average is 16.21%. NetScout Systems, Inc. is up 25.93% in the last three month period. Year-to-Date the stock performance stands at -3.03%.

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.


NetScout Systems (NASDAQ:NTCT): stock turned positive on Friday. Though the stock opened at $29.57, the bulls momentum made the stock top out at $29.89 level for the day. The stock recorded a low of $29.46 and closed the trading day at $29.77, in the green by 0.61%. The total traded volume for the day was 559,046. The stock had closed at $29.59 in the previous days trading.

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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