NetScout Systems (NASDAQ:NTCT) Issues FY 2027 Earnings Guidance

NetScout Systems (NASDAQ:NTCT) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share guidance of 2.650-2.800 for the period, compared to the consensus earnings per share estimate of 2.600. The company issued revenue guidance of $885.0 million-$915.0 million, compared to the consensus revenue estimate of $903.6 million.

NetScout Systems Stock Performance

Shares of NASDAQ NTCT traded down $1.69 during midday trading on Friday, hitting $38.44. 763,675 shares of the stock traded hands, compared to its average volume of 518,361. The firm has a market capitalization of $2.79 billion, a P/E ratio of 23.44 and a beta of 0.69. NetScout Systems has a one year low of $21.21 and a one year high of $45.28. The firm has a 50-day moving average of $41.24 and a two-hundred day moving average of $35.39.

NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, August 6th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.14. The business had revenue of $210.42 million for the quarter, compared to analysts’ expectations of $196.17 million. NetScout Systems had a return on equity of 9.25% and a net margin of 13.71%.The business’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the firm posted $0.34 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. Equities analysts forecast that NetScout Systems will post 2.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NTCT has been the subject of several recent research reports. Zacks Research lowered NetScout Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 9th. Royal Bank Of Canada raised their price objective on NetScout Systems from $29.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of NetScout Systems in a research note on Friday, July 31st. Finally, Wall Street Zen raised shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, NetScout Systems presently has an average rating of “Moderate Buy” and a consensus price target of $35.50.

Insider Buying and Selling

In other NetScout Systems news, EVP John Downing sold 8,000 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $40.29, for a total transaction of $322,320.00. Following the completion of the transaction, the executive vice president owned 129,121 shares in the company, valued at $5,202,285.09. This trade represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Alfred Grasso sold 5,000 shares of NetScout Systems stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $40.67, for a total transaction of $203,350.00. Following the completion of the transaction, the director directly owned 35,000 shares of the company’s stock, valued at $1,423,450. The trade was a 12.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.74% of the company’s stock.

Institutional Investors Weigh In On NetScout Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new stake in NetScout Systems in the third quarter worth $35,000. Global Retirement Partners LLC bought a new stake in shares of NetScout Systems in the 4th quarter worth about $39,000. EverSource Wealth Advisors LLC boosted its stake in shares of NetScout Systems by 1,936.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,016 shares of the technology company’s stock worth $50,000 after purchasing an additional 1,917 shares during the period. Vestcor Inc bought a new position in NetScout Systems during the 3rd quarter valued at about $65,000. Finally, Advisors Asset Management Inc. purchased a new stake in NetScout Systems in the 4th quarter worth about $82,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

NetScout Systems Company Profile

NetScout Systems, Inc is a leading provider of network performance management, service assurance and cybersecurity solutions. The company designs and delivers hardware and software platforms that capture and analyze real-time and historical packet data, enabling IT teams and service providers to monitor application performance, troubleshoot network issues and defend against distributed denial-of-service (DDoS) attacks. NetScout’s flagship offerings include the nGeniusONE service assurance platform and the InfiniStream packet broker, which together provide end-to-end visibility across hybrid and multi-cloud environments.

Founded in 1984 and headquartered in Westford, Massachusetts, NetScout has built a reputation for scalable and resilient monitoring infrastructure.