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

NetScout Systems (NASDAQ:NTCT) updated its FY 2027 earnings guidance on Thursday. The company provided EPS guidance of 2.650-2.800 for the period, compared to the consensus EPS estimate of 2.390. The company issued revenue guidance of $885.0 million-$915.0 million, compared to the consensus revenue estimate of $877.3 million.

NetScout Systems Stock Performance

Shares of NTCT opened at $35.52 on Thursday. The stock has a 50-day moving average of $31.72 and a two-hundred day moving average of $29.01. The stock has a market cap of $2.57 billion, a P/E ratio of 27.32 and a beta of 0.61. NetScout Systems has a one year low of $19.98 and a one year high of $35.93.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.06. NetScout Systems had a return on equity of 8.49% and a net margin of 11.13%.The firm had revenue of $203.04 million during the quarter, compared to analysts’ expectations of $198.64 million. During the same period last year, the business posted $0.52 earnings per share. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. NetScout Systems has set its FY 2027 guidance at 2.650-2.800 EPS. Analysts predict that NetScout Systems will post 1.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NTCT has been the subject of several research reports. Weiss Ratings cut shares of NetScout Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Wall Street Zen upgraded shares of NetScout Systems from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.00.

Insider Buying and Selling

In related news, EVP John Downing sold 3,000 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $30.00, for a total transaction of $90,000.00. Following the sale, the executive vice president directly owned 129,494 shares of the company’s stock, valued at $3,884,820. This trade represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.82% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NetScout Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in NTCT. Royal Bank of Canada boosted its holdings in NetScout Systems by 23.3% during the first quarter. Royal Bank of Canada now owns 51,798 shares of the technology company’s stock worth $1,088,000 after buying an additional 9,802 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of NetScout Systems by 5.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,377 shares of the technology company’s stock worth $869,000 after acquiring an additional 2,036 shares during the period. Goldman Sachs Group Inc. raised its position in shares of NetScout Systems by 17.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,420,479 shares of the technology company’s stock worth $29,844,000 after acquiring an additional 207,807 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of NetScout Systems by 7.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 213,284 shares of the technology company’s stock worth $4,481,000 after acquiring an additional 15,112 shares in the last quarter. Finally, Jane Street Group LLC grew its position in shares of NetScout Systems by 64.3% during the 1st quarter. Jane Street Group LLC now owns 348,209 shares of the technology company’s stock valued at $7,316,000 after acquiring an additional 136,253 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

NetScout Systems Company Profile

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.