In a report released today, Kevin Liu from B.Riley FBR reiterated a Buy rating on Netscout Systems (NASDAQ: NTCT), with a price target of $31. The company’s shares closed yesterday at $27.80.
According to TipRanks.com, Liu is a 5-star analyst with an average return of 14.7% and a 65.8% success rate. Liu covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Tyler Technologies, and American Software.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Netscout Systems with a $30.67 average price target.
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Netscout Systems’ market cap is currently $2.23B and has a P/E ratio of 30.22. The company has a Price to Book ratio of 1.08.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock.
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NetScout Systems, Inc. engages in the provision of application and network performance management solutions. Its integrated hardware and software solutions are used by commercial enterprises, governmental agencies, and telecommunication service providers.
