NetScout Systems (NASDAQ:NTCT) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

NetScout Systems (NASDAQ:NTCT) released its earnings results on Thursday. The technology company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.04, Zacks reports. NetScout Systems had a positive return on equity of 5.31% and a negative net margin of 76.14%. NetScout Systems updated its FY 2025 guidance to 2.150-2.250 EPS.

NetScout Systems Price Performance

NASDAQ:NTCT opened at $23.84 on Friday. The business’s 50-day simple moving average is $22.19 and its two-hundred day simple moving average is $21.12. NetScout Systems has a 52 week low of $17.10 and a 52 week high of $27.89. The stock has a market cap of $1.71 billion, a PE ratio of -2.84 and a beta of 0.58. The company has a quick ratio of 1.63, a current ratio of 1.68 and a debt-to-equity ratio of 0.05.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Royal Bank of Canada lifted their price objective on NetScout Systems from $22.00 to $25.00 and gave the company a “sector perform” rating in a research report on Friday. StockNews.com raised shares of NetScout Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 10th.

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.