Netscout Systems, Inc. – Nasdaq: NTCT
Shares of NetScout are higher after earnings beat street estimates. NTCT, traded on the Nasdaq, was expected to earn $0.55 EPS but NetScout came in at $0.60. The firm also reported a net income of $21.2 million after reporting a loss for the same period last year. NetScout develops, sells, and services application and network performance management products and solutions.
Anil Singhal, NETSCOUT’s president and CEO. “While the service provider spending environment remains muted, we are seeing momentum build for our newest offerings, including the software version of the InfiniStreamNG, our next-generation, real-time information platform. We have continued to execute well on our development roadmaps that align with a range of exciting opportunities spanning each of our major product areas and customer segments globally. As we move forward, we are focused on achieving our fiscal year 2017 financial, product and operational objectives while also setting the stage for further progress that can drive shareholder value in the next fiscal year.”
NetScout sales have increased year-on-year with the largest increase in 2016 when they reported sales of $955.4 million. EPS for NTCT had also increased year-on-year until 2016 when NTCT posted a loss of $$0.35. Eight firms follow NetScout Systems. Four rate NTCT shares as a “Strong Buy” and four rate the shares as a “Hold”. Their consensus price estimate for NTCT shares is $31.
I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.
|Last Price a/o 3:59 PM EST||$ 33.25|
|Market Cap (mlns)||$ 2,880.00|
|Shares Outstanding (mlns)||91.57|
|Share Float (mlns)||87.78|
|Short Interest Ratio||13.57|