NetScout Systems (NASDAQ:NTCT) Updates FY 2027 Earnings Guidance

NetScout Systems (NASDAQ:NTCT) issued an update on its FY 2027 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 2.650-2.800 for the period, compared to the consensus earnings per share estimate of 2.600. The company issued revenue guidance of $885.0 million-$915.0 million, compared to the consensus revenue estimate of $903.6 million.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NTCT. Royal Bank Of Canada boosted their target price on shares of NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Wall Street Zen raised shares of NetScout Systems from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NetScout Systems in a research report on Friday, July 31st. Finally, Zacks Research downgraded NetScout Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $35.50.

NetScout Systems Stock Performance

NASDAQ:NTCT traded up $0.19 during trading hours on Thursday, reaching $41.21. The company’s stock had a trading volume of 95,696 shares, compared to its average volume of 591,412. The stock has a 50 day moving average price of $41.33 and a two-hundred day moving average price of $35.28. The company has a market capitalization of $3.00 billion, a P/E ratio of 31.70 and a beta of 0.69. NetScout Systems has a 12 month low of $20.39 and a 12 month high of $45.28.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.38 by $0.14. The firm had revenue of $210.42 million during the quarter, compared to analyst estimates of $196.17 million. NetScout Systems had a return on equity of 8.37% and a net margin of 11.11%.The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 EPS. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, analysts predict that NetScout Systems will post 2.06 EPS for the current fiscal year.

Insider Activity

In related news, Director Alfred Grasso sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $40.67, for a total transaction of $203,350.00. Following the completion of the sale, the director owned 35,000 shares of the company’s stock, valued at $1,423,450. This represents a 12.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Downing sold 8,000 shares of NetScout Systems stock in a transaction on Monday, June 8th. The stock was sold at an average price of $40.29, for a total transaction of $322,320.00. Following the completion of the transaction, the executive vice president directly owned 129,121 shares in the company, valued at $5,202,285.09. This represents a 5.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 4.74% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NTCT. Quantinno Capital Management LP raised its position in shares of NetScout Systems by 6.2% during the 2nd quarter. Quantinno Capital Management LP now owns 10,552 shares of the technology company’s stock valued at $262,000 after buying an additional 615 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in NetScout Systems by 14.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,883 shares of the technology company’s stock valued at $132,000 after acquiring an additional 618 shares during the last quarter. Envestnet Asset Management Inc. grew its position in NetScout Systems by 6.0% in the third quarter. Envestnet Asset Management Inc. now owns 17,649 shares of the technology company’s stock worth $456,000 after acquiring an additional 998 shares during the period. Franklin Resources Inc. grew its position in NetScout Systems by 1.7% in the third quarter. Franklin Resources Inc. now owns 62,120 shares of the technology company’s stock worth $1,605,000 after acquiring an additional 1,045 shares during the period. Finally, Swiss National Bank increased its stake in NetScout Systems by 0.9% during the third quarter. Swiss National Bank now owns 138,328 shares of the technology company’s stock worth $3,573,000 after acquiring an additional 1,300 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

NetScout Systems Company Profile

NetScout Systems, Inc is a leading provider of network performance management, service assurance and cybersecurity solutions. The company designs and delivers hardware and software platforms that capture and analyze real-time and historical packet data, enabling IT teams and service providers to monitor application performance, troubleshoot network issues and defend against distributed denial-of-service (DDoS) attacks. NetScout’s flagship offerings include the nGeniusONE service assurance platform and the InfiniStream packet broker, which together provide end-to-end visibility across hybrid and multi-cloud environments.

Founded in 1984 and headquartered in Westford, Massachusetts, NetScout has built a reputation for scalable and resilient monitoring infrastructure.