NetScout Systems (NASDAQ:NTCT) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

NetScout Systems (NASDAQ:NTCT) issued its quarterly earnings data on Thursday. The technology company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04, reports. The company had revenue of $191.11 million during the quarter, compared to analysts’ expectations of $188.84 million. NetScout Systems had a negative net margin of 74.02% and a positive return on equity of 5.35%. NetScout Systems updated its FY 2025 guidance to 2.100-2.300 EPS and its FY25 guidance to $2.10-2.30 EPS.

NetScout Systems Price Performance

NTCT stock opened at $20.64 on Friday. 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 one year low of $17.10 and a one year high of $24.42. The stock has a market cap of $1.47 billion, a PE ratio of -9.83 and a beta of 0.58. The firm has a 50 day simple moving average of $20.78 and a two-hundred day simple moving average of $19.86.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other NetScout Systems news, COO Michael Szabados sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $18.81, for a total value of $122,265.00. Following the completion of the transaction, the chief operating officer now owns 43,434 shares of the company’s stock, valued at $816,993.54. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Michael Szabados sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $18.81, for a total value of $122,265.00. Following the completion of the sale, the chief operating officer now directly owns 43,434 shares in the company, valued at approximately $816,993.54. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jean A. Bua sold 19,205 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $20.37, for a total transaction of $391,205.85. Following the completion of the sale, the insider now owns 78,598 shares of the company’s stock, valued at approximately $1,601,041.26. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,952 shares of company stock valued at $598,411 in the last quarter. Corporate insiders own 3.59% of the company’s stock.

Institutional Investors Weigh In On NetScout Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NorthCrest Asset Manangement LLC raised its holdings in NetScout Systems by 3.5% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 15,627 shares of the technology company’s stock valued at $340,000 after buying an additional 527 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in NetScout Systems by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 35,900 shares of the technology company’s stock valued at $657,000 after buying an additional 700 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in NetScout Systems by 4.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 19,439 shares of the technology company’s stock valued at $356,000 after buying an additional 759 shares during the last quarter. ProShare Advisors LLC raised its holdings in NetScout Systems by 5.8% during the 1st quarter. ProShare Advisors LLC now owns 13,822 shares of the technology company’s stock valued at $302,000 after buying an additional 762 shares during the last quarter. Finally, Texas Permanent School Fund Corp raised its holdings in NetScout Systems by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 62,169 shares of the technology company’s stock valued at $1,358,000 after buying an additional 839 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

About NetScout Systems

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.