NetScout Systems (NTCT) : The consensus on NetScout Systems (NTCT) based on 9 analyst recommendation on the company stock is 1.56, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
NetScout Systems (NTCT) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $36 and the lowest price target forecast is $24. The average forecast of all the analysts is $31 and the expected standard deviation is $3.7.
For the current week, the company shares have a recommendation consensus of Buy. NetScout Systems (NASDAQ:NTCT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.77 and $27.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.98, notching a gain of 0.94% for the day. The total traded volume was 449,449 . The stock had closed at $27.72 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Operating Officer) of Netscout Systems Inc, Szabados Michael had sold 5,000 shares worth of $138,200 in a transaction dated August 2, 2016. In this transaction, 5,000 shares were sold at $27.64 per share.
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.