RBC Capital analyst Matthew Hedberg maintained a Hold rating on Netscout Systems (NTCT – Research Report) yesterday and set a price target of $25.00. The company’s shares opened today at $21.94.
Hedberg covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Autodesk, and Splunk. According to TipRanks, Hedberg has an average return of -1.0% and a 46.65% success rate on recommended stocks.
Netscout Systems has an analyst consensus of Hold, with a price target consensus of $34.00.
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Based on Netscout Systems’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $116.48 million and a GAAP net loss of $4.2 million. In comparison, last year the company earned a revenue of $110.56 million and had a GAAP net loss of $7.13 million
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Netscout Systems (NTCT) Company Description:
NetScout Systems, Inc. engages in the provision of application and network performance management solutions. Its integrated hardware and software solutions are used by commercial enterprises, governmental agencies and telecommunication service providers. The company was founded by Anil K. Singhal and Narendra Popat in June 1984 and is headquartered in Westford, MA.
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