NetScout Systems (NASDAQ:NTCT) Issues FY25 Earnings Guidance

NetScout Systems (NASDAQ:NTCT - Get Free Report) 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.

Analyst Ratings Changes

NTCT has been the subject of several recent research reports. Royal Bank of Canada reiterated a "sector perform" rating and issued a $22.00 price target on shares of NetScout Systems in a research report on Friday, July 26th. StockNews.com cut NetScout Systems from a "strong-buy" rating to a "buy" rating in a report on Wednesday, July 24th.

NetScout Systems Trading Down 2.1 %

Shares of NTCT traded down $0.44 during midday trading on Thursday, hitting $20.46. The stock had a trading volume of 601,499 shares, compared to its average volume of 653,585. The stock's 50 day moving average is $20.75 and its 200 day moving average is $19.85. The firm has a market cap of $1.46 billion, a PE ratio of -9.95 and a beta of 0.58. 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 1 year low of $17.10 and a 1 year high of $24.42.

NetScout Systems (NASDAQ:NTCT - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The technology company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.16. NetScout Systems had a negative net margin of 74.02% and a positive return on equity of 5.35%. The company had revenue of $174.60 million for the quarter, compared to analyst estimates of $168.47 million. During the same period in the prior year, the company posted $0.10 EPS. The firm's revenue for the quarter was down 17.3% on a year-over-year basis. As a group, analysts forecast that NetScout Systems will post 1.39 EPS for the current fiscal year.

Insider Activity

In other news, insider Jean A. Bua sold 19,205 shares of the business's stock in a transaction on 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 directly owns 78,598 shares of the company's stock, valued at approximately $1,601,041.26. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Jean A. Bua sold 19,205 shares of NetScout Systems stock in a transaction that occurred on 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 of the company's stock, valued at approximately $1,601,041.26. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Michael Szabados sold 6,500 shares of the firm's stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $18.81, for a total value of $122,265.00. Following the transaction, the chief operating officer now owns 43,434 shares in the company, valued at $816,993.54. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,952 shares of company stock valued at $598,411. 3.59% of the stock is currently owned by 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.