NetScout Systems (NTCT) Projected to Post Quarterly Earnings on Thursday

NetScout Systems (NASDAQ:NTCT) is expected 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. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

NetScout Systems Stock Performance

Shares of NetScout Systems stock opened at $22.52 on Wednesday. The firm has a fifty day moving average of $21.98 and a two-hundred day moving average of $20.90. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.63 and a current ratio of 1.68. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of -2.68 and a beta of 0.58. NetScout Systems has a 52 week low of $17.10 and a 52 week high of $24.42.

Wall Street Analysts Forecast Growth

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

Insider Activity at NetScout Systems

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

NetScout Systems Company Profile

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.