NetScout Systems (NTCT) Projected to Post Earnings on Thursday

NetScout Systems (NASDAQ:NTCT) is projected to release its earnings data before the market opens on Thursday, January 23rd. Analysts expect NetScout Systems to post earnings of $0.74 per share and revenue of $224,460.00 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

NetScout Systems Price Performance

Shares of NASDAQ:NTCT opened at $22.52 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.68 and a quick ratio of 1.63. The stock has a market capitalization of $1.62 billion, a P/E ratio of -2.68 and a beta of 0.58. The business has a 50-day moving average of $21.98 and a two-hundred day moving average of $20.90. NetScout Systems has a fifty-two week low of $17.10 and a fifty-two week high of $24.42.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 10th.

Insider Activity

In other news, COO Michael Szabados sold 6,500 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $21.32, for a total transaction of $138,580.00. Following the transaction, the chief operating officer now owns 42,489 shares of the company’s stock, valued at $905,865.48. This represents a 13.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.71% of the stock is owned by insiders.

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.