NetScout Systems (NTCT) Receives Price Target

NetScout Systems (NTCT) stock is expected to deviate a maximum of $4 from the average target price of $31 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $36 and the most muted being $24.

NetScout Systems (NTCT) : 5 brokerage houses believe that NetScout Systems (NTCT) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on NetScout Systems (NTCT). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 8 Wall Street Analysts endorse the stock as a Buy with a rating of 1.63.


Also, Pacific Crest initiates coverage on NetScout Systems (NASDAQ:NTCT).The analysts at the brokerage house have a current rating of Overweight on the shares. The rating by the firm was issued on July 28, 2016.

NetScout Systems (NASDAQ:NTCT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.53 and $28.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.73, notching a gain of 0.51% for the day. The total traded volume was 614,436 . The stock had closed at $29.58 on the previous day.

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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