NetScout Systems Inc. (NASDAQ:NTCT) has a beta of 0.81, a 12-month trailing P/E ratio of 107.72, and a growth ratio of 60.51. The stock’s Relative Strength Index (RSI) is 50.16, with weekly volatility at 3.30% and ATR at 0.86. The NTCT stock’s 52-week price range has touched low of $19.76 and a $31.91 high. Its shares traded higher over the last trading session, gaining 0.33% on 05/21/21. The shares fell to a low of $27.23 before closing at $27.36. Intraday shares traded counted 1.64 million, which was -313.22% lower than its 30-day average trading volume of 396.86K. NTCT’s previous close was $27.27 while the outstanding shares total 73.55M.
Investors have identified the Software – Infrastructure company NetScout Systems Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $2.00 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
NetScout Systems Inc. (NTCT) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 722.47 million total, with 411.27 million as their total liabilities.
NTCT were able to record 201.94 million as free cash flow during the 08/05/2021 quarter of the year, this saw their quarterly net cash flow reduce by 126.94 million. In cash movements, the company had a total of 213.92 million as operating cash flow.
Potential earnings growth for NetScout Systems Inc. (NTCT)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/05/2021 quarter of the year, NetScout Systems Inc. recorded a total of 213.39 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -7.48% coming in sequential stages and their sales for the 08/05/2021 quarter reducing by -7.19%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 54.94 million trying to sell their products during the last quarter, with the result yielding a gross income of 158.45 million. This allows shareholders to hold on to 73.55M with the recently reported earning now reading 0.16 cents per share. This is a figure that compared to analyst’s prediction for their 08/05/2021 (0.36 cents a share).
Having a look at the company’s valuation, the company is expected to record 1.39 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on NTCT sounds very interesting.
Is the stock of NTCT attractive?
In related news, Chief Operating Officer, SZABADOS MICHAEL sold 7,500 shares of the company’s stock in a transaction that recorded on May 11. The sale was performed at an average price of 26.35, for a total value of 197,639. As the sale deal closes, the EVP, World-Wide Sales, DOWNING JOHN now sold 3,000 shares of the company’s stock, valued at 80,040. Also, Executive VP & CFO, BUA JEAN A sold 19,126 shares of the company’s stock in a deal that was recorded on Feb 16. The shares were price at an average price of 31.15 per share, with a total market value of 595,715. Following this completion of acquisition, the EVP, World-Wide Sales, DOWNING JOHN now holds 3,000 shares of the company’s stock, valued at 93,000. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.60%.
0 out of 4 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on NetScout Systems Inc.. 0 analysts has assigned a Sell rating on the NTCT stock. The 12-month mean consensus price target for the company’s shares has been set at $29.25.