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

NetScout Systems (NASDAQ:NTCT) updated 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 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.

NetScout Systems Stock Performance

Shares of NetScout Systems stock traded up $0.19 during trading hours on Thursday, hitting $41.21. The company’s stock had a trading volume of 95,696 shares, compared to its average volume of 591,412. The company has a market cap of $3.00 billion, a PE ratio of 31.70 and a beta of 0.69. The business has a 50 day moving average price of $41.33 and a two-hundred day moving average price of $35.28. 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 earnings results on Thursday, August 6th. The technology company reported $0.52 earnings per share (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 analysts’ expectations of $196.17 million. NetScout Systems had a return on equity of 8.37% and a net margin of 11.11%.The firm’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business posted $0.34 earnings per share. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. As a group, research analysts anticipate that NetScout Systems will post 2.06 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada lifted their price objective on shares of NetScout Systems from $29.00 to $38.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Zacks Research lowered shares of NetScout Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 9th. Wall Street Zen raised shares of NetScout Systems from a “hold” rating to a “buy” rating in a research note on Sunday, May 17th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of NetScout Systems in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.50.

Insider Activity

In other NetScout Systems news, EVP John Downing sold 8,000 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 129,121 shares of the company’s stock, valued at $5,202,285.09. The trade was a 5.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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. Also, Director Alfred Grasso sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $40.67, for a total value of $203,350.00. Following the sale, the director directly owned 35,000 shares in the company, valued at $1,423,450. The trade was a 12.50% 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. 4.74% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NetScout Systems

Institutional investors and hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC purchased a new position in shares of NetScout Systems during the fourth quarter valued at approximately $162,000. Focus Partners Advisor Solutions LLC purchased a new stake in shares of NetScout Systems in the fourth quarter worth approximately $218,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of 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 worth $132,000 after buying an additional 618 shares during the period. Inceptionr LLC bought a new stake in shares of NetScout Systems during the 3rd quarter worth approximately $214,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of NetScout Systems by 277.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,171 shares of the technology company’s stock worth $178,000 after acquiring an additional 5,270 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

About NetScout Systems

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.