NetScout Systems (NTCT) : Traders are bullish on NetScout Systems (NTCT) as it has outperformed the S&P 500 by a wide margin of 15.69% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.88%, 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 3.85% in the last 1 week, and is up 16.14% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
NetScout Systems, Inc. is up 23.2% in the last 3-month period. Year-to-Date the stock performance stands at -5.05%. The stock has recorded a 20-day Moving Average of 6.26% and the 50-Day Moving Average is 16.39%.
NetScout Systems (NASDAQ:NTCT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.82 and $28.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.15, notching a gain of 1.15% for the day. The total traded volume was 424,497 . The stock had closed at $28.82 on the previous day.
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, 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.