NetScout Systems (NASDAQ:NTCT) Issues FY25 Earnings Guidance

NetScout Systems (NASDAQ:NTCT) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.10-2.30 for the period, compared to the consensus estimate of $2.17. The company issued revenue guidance of $800-830 million, compared to the consensus revenue estimate of $808.69 million. NetScout Systems also updated its FY 2025 guidance to 2.100-2.300 EPS.

NetScout Systems Stock Down 2.1 %

NASDAQ NTCT traded down $0.44 during trading hours on Thursday, hitting $20.46. The company had a trading volume of 601,499 shares, compared to its average volume of 653,585. The firm’s 50 day moving average is $20.75 and its 200 day moving average is $19.85. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.54 and a quick ratio of 1.50. NetScout Systems has a fifty-two week low of $17.10 and a fifty-two week high of $24.42. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of -9.95 and a beta of 0.58.

NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, July 25th. The technology company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.12 by $0.16. The business had revenue of $174.60 million for the quarter, compared to the consensus estimate of $168.47 million. NetScout Systems had a positive return on equity of 5.35% and a negative net margin of 74.02%. The company’s revenue was down 17.3% on a year-over-year basis. During the same period last year, the business posted $0.10 EPS. Sell-side analysts anticipate that NetScout Systems will post 1.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $22.00 target price on shares of NetScout Systems in a research report on Friday, July 26th. StockNews.com cut shares of NetScout Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 24th.

Insider Buying and Selling at NetScout Systems

In other NetScout Systems news, EVP John Downing sold 4,247 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $20.00, for a total value of $84,940.00. Following the transaction, the executive vice president now directly owns 131,590 shares of the company’s stock, valued at $2,631,800. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other NetScout Systems news, EVP John Downing sold 4,247 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $20.00, for a total transaction of $84,940.00. Following the completion of the transaction, the executive vice president now directly owns 131,590 shares of the company’s stock, valued at $2,631,800. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jean A. Bua sold 19,205 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $20.37, for a total transaction of $391,205.85. Following the completion of the sale, the insider now owns 78,598 shares in the company, valued at approximately $1,601,041.26. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,952 shares of company stock worth $598,411 in the last 90 days. 3.59% of the stock is owned by corporate insiders.

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.