In a report released yesterday, Matthew Hedberg from RBC Capital maintained a Hold rating on Netscout Systems (NTCT – Research Report), with a price target of $25.00. The company’s shares closed yesterday at $22.99.
According to TipRanks, Hedberg is a 5-star analyst with an average return of 9.7% and a 57.06% success rate. Hedberg covers the Technology sector, focusing on stocks such as Ansys, Autodesk, and Palo Alto Networks.
Currently, the analyst consensus on Netscout Systems is a Hold with an average price target of $25.00.
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NTCT market cap is currently $1.63B and has a P/E ratio of -13.73.
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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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