NetScout Systems (NASDAQ:NTCT) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.66-0.69 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.64. The company issued revenue guidance of $270-274 million, compared to the consensus revenue estimate of $314.38 million.NetScout Systems also updated its FY18 guidance to $1.30-1.45 EPS.

Shares of NetScout Systems (NASDAQ:NTCT) opened at $25.95 on Friday. The stock has a market cap of $2,260.00, a PE ratio of 144.17, a PEG ratio of 1.87 and a beta of 1.60. NetScout Systems has a 52-week low of $25.75 and a 52-week high of $38.47. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.60 and a quick ratio of 1.51.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings results on Thursday, October 26th. The technology company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.03. The business had revenue of $256.90 million during the quarter, compared to the consensus estimate of $251.13 million. NetScout Systems had a negative return on equity of 0.44% and a negative net margin of 0.96%. NetScout Systems’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 earnings per share. sell-side analysts forecast that NetScout Systems will post 1.59 EPS for the current year.

NetScout Systems declared that its board has approved a share buyback plan on Thursday, October 26th that authorizes the company to repurchase 25,000,000 shares. This repurchase authorization authorizes the technology company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

A number of research firms recently commented on NTCT. Royal Bank of Canada dropped their price target on NetScout Systems to $27.00 and set a sector perform rating for the company in a research note on Thursday. Piper Jaffray Companies set a $30.00 price target on NetScout Systems and gave the company a buy rating in a research note on Thursday. Craig Hallum set a $23.00 price target on NetScout Systems and gave the company a hold rating in a research note on Wednesday. DA Davidson downgraded NetScout Systems from a buy rating to a neutral rating and dropped their price target for the company from $37.00 to $27.00 in a research note on Wednesday. Finally, BidaskClub downgraded NetScout Systems from a hold rating to a sell rating in a research note on Saturday, January 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. NetScout Systems presently has an average rating of Hold and an average target price of $29.67.

In related news, EVP John Downing sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $28.17, for a total value of $84,510.00. Following the sale, the executive vice president now directly owns 88,821 shares in the company, valued at $2,502,087.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Szabados sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $28.19, for a total value of $140,950.00. Following the completion of the sale, the insider now owns 43,424 shares in the company, valued at $1,224,122.56. The disclosure for this sale can be found here. 3.51% of the stock is currently owned by insiders.

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About NetScout Systems

NetScout Systems, Inc (NetScout) provides operational intelligence and performance analytics for service assurance and cyber security solutions. The Company’s solutions are used in various service provider, enterprise and government networks. Its nGenius and Infinistream technologies, along with certain product lines from the acquired businesses, enable information technology (IT) organizations to manage service delivery quality, and identify and address business service performance issues and security threats.

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