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NetScout Systems (NTCT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.38 per share a year ago.
NetScout (NTCT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
The mean of analysts' price targets for NetScout (NTCT) points to a 31.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
The mean of analysts' price targets for NetScout (NTCT) points to a 34.3% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
The headline numbers for NetScout (NTCT) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
NetScout Systems (NTCT) came out with quarterly earnings of $0.73 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $1 per share a year ago.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for NetScout (NTCT), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2023.
The Zacks Computer - Networking industry players like NTCT, NTGR and LTRX are poised to benefit from the accelerated 5G deployment amid global macroeconomic challenges.
WESTFORD, Mass.--(BUSINESS WIRE)--NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) plans to announce its third-quarter fiscal year 2024 financial results for the period ended December 31, 2023, on Thursday, January 25, 2024, at approximately 7:30 a.m. ET. NETSCOUT will host a corresponding conference call and live webcast on the same day at 8:30 a.m. ET. The number for the conference call is (203) 518-9708. The conference call ID is NTCTQ324. A replay of the call will be made available after 12:00 p.m. ET.
NetScout Systems, a cybersecurity firm, has experienced stable sales, returns/margins, and cash flows despite limited revenue growth since 2017. The company's declining share price and low valuation now make it an attractive takeover target for Big Tech firms or private equity investors. A 10-year low on sales, earnings, and cash flow generation is now available to new buyers of the stock.