NetScout Systems (NTCT) Scheduled to Post Quarterly Earnings on Thursday

NetScout Systems (NASDAQ:NTCT) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect NetScout Systems to post earnings of $0.45 per share for the quarter. NetScout Systems has set its FY25 guidance at $2.10-$2.30 EPS and its FY 2025 guidance at 2.100-2.300 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings results on Thursday, July 25th. The technology company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.16. The firm had revenue of $174.60 million for the quarter, compared to analysts’ expectations of $168.47 million. NetScout Systems had a positive return on equity of 5.35% and a negative net margin of 74.02%. The company’s revenue was down 17.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 EPS. On average, analysts expect NetScout Systems to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NetScout Systems Price Performance

NASDAQ NTCT opened at $21.29 on Tuesday. The business’s fifty day moving average price is $20.62 and its 200-day moving average price is $19.83. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of -10.14 and a beta of 0.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.54 and a quick ratio of 1.50. NetScout Systems has a 1-year low of $17.10 and a 1-year high of $24.42.

Insider Transactions at NetScout Systems

In other news, insider Jean A. Bua sold 19,205 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $20.37, for a total value of $391,205.85. Following the completion of the sale, the insider now directly owns 78,598 shares in the company, valued at $1,601,041.26. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other NetScout Systems news, EVP John Downing sold 4,247 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $20.00, for a total value of $84,940.00. Following the completion of the sale, the executive vice president now owns 131,590 shares in the company, valued at approximately $2,631,800. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jean A. Bua sold 19,205 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $20.37, for a total value of $391,205.85. Following the completion of the sale, the insider now owns 78,598 shares of the company’s stock, valued at $1,601,041.26. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,952 shares of company stock worth $598,411 in the last three months. Corporate insiders own 3.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NTCT. StockNews.com lowered NetScout Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 24th. Royal Bank of Canada restated a “sector perform” rating and issued a $22.00 price objective on shares of NetScout Systems in a research note on Friday, July 26th.

NetScout Systems Company Profile

NetScout Systems, Inc provides service assurance and cybersecurity solutions for protect digital business services against disruptions in the United States, Europe, Asia, and internationally. The company offers nGeniusONE management software that enables customers to predict, preempt, and resolve network and service delivery problems, as well as facilitate the optimization and capacity planning of their network infrastructures; and specialized platforms and analytic modules that enable its customers to analyze and troubleshoot traffic in radio access and Wi-Fi networks.