NetScout Systems (NTCT) : 8 analysts are covering NetScout Systems (NTCT) and their average rating on the stock is 1.63, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. NetScout Systems (NTCT) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
NetScout Systems (NTCT) : 7 investment research analysts covering NetScout Systems (NTCT) have an average price target of $31 for the near short term. The highest target price given by the Brokerage Firm to the stock is $36 and the lowest target is $24 for the short term. Analysts expect the variance to be within $4 of the average price.
For the current week, the company shares have a recommendation consensus of Buy. Also, Pacific Crest initiates coverage on NetScout Systems (NASDAQ:NTCT). According to the latest information available, the shares are now rated Overweight by the analysts at the agency. The rating by the firm was issued on July 28, 2016.
NetScout Systems (NASDAQ:NTCT): stock was range-bound between the intraday low of $29.54 and the intraday high of $30.19 after having opened at $29.66 on Wednesdays session. The stock finally closed in the red at $29.66, a loss of -0.20%. The stock remained in the red for the whole trading day. The total traded volume was 540,746 shares. The stock failed to cross $30.19 in Wednesdays trading. The stocks closing price on Thursday was $29.75.
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.