NetScout Systems (NTCT, Financial) announced its first-quarter revenue for the current fiscal year, revealing an increase to $204.99 million compared to $203.44 million reported in the same period last year. The company highlighted that the fourth-quarter revenue surpassed their projections, primarily due to robust growth in their cybersecurity products.
The full-year revenue performance aligns with last year's figures, when adjusted for the sale of the Test Optimization business. This indicates the company's ability to maintain steady growth despite facing a challenging comparison, as the previous year's results were bolstered by significant backlog gains. NetScout credits this financial resilience to their team's strong focus and efficient execution.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for NetScout Systems Inc (NTCT, Financial) is $29.82 with a high estimate of $41.00 and a low estimate of $23.45. The average target implies an upside of 40.58% from the current price of $21.21. More detailed estimate data can be found on the NetScout Systems Inc (NTCT) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, NetScout Systems Inc's (NTCT, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for NetScout Systems Inc (NTCT, Financial) in one year is $25.61, suggesting a upside of 20.74% from the current price of $21.21. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the NetScout Systems Inc (NTCT) Summary page.
