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NTCT $22.75

NTCT target price
22.75
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NETSCOUT Systems, Inc.
Type
Public
Traded as NASDAQ: NTCT
S&P 400 Component
Founded 1984; 33 years ago (1984)
Founder Anil Singhal
Headquarters Westford, Massachusetts, U.S.
Area served
Worldwide Install Base
Key people
  • Anil Singhal (CEO, founder)
  • Michael Szabados (COO)
  • Jean Bua (CFO)
  • Jim McNiel (CMO)
  • Bruce Kelley, Jr (CTO)
  • Richard Kennedi (President, Service Assurance)
  • Brian McCann (President, Security Division)
Revenue Increase US$ 955.42 Million (2016)
Number of employees
3,144 (2016)
Website www.netscout.com

NETSCOUT Systems, Inc. (NASDAQ: NTCT) is a provider of application and network performance management products. Headquartered in Westford, Massachusetts, NETSCOUT serves enterprises community, government agencies and telecommunications service providers.

In July 2015, NETSCOUT acquired the communications business of Danaher Corporation, including Arbor Networks, Fluke Networks, Tektronix Communications and VSS Monitoring.

NETSCOUT Systems acquired Network General in 2007. Network General developed the original network packet sniffer in 1986; it merged with McAfee Associates in 1997 to form Network Associates. In mid-2004, Network Associates sold off the Sniffer Technologies business to Silver Lake Partners and Texas Pacific Group for $275 million in cash to form Network General. In early 2006, Network General acquired Fidelia Technology, adding the NetVigil Business Service Monitoring technology to their network and application performance analysis tools. In September 2007, Network General agreed to be acquired by NetScout Systems for $205 million.

Netscout Systems was founded by Anil Singhal and Narendra Popat as Frontier Software in 1984. NetScout created the first RMON based Ethernet Probe in 1992.

In November 2007, NETSCOUT acquired their Sniffer, Infinistream, and Network Intelligence product lines of Network General. NETSCOUT merged both product lines to allow their Performance Manager product to utilize both probes and Infinistream technologies.

In April 2011 NETSCOUT acquired voice and video management company, Psytechnics, from Ipswich U.K. It then acquired Fox Replay, a privately held Dutch company in 2011, and later that year, after many years of partnering and complementing solutions for network switch port aggregation, NETSCOUT moved directly into competition with its partners by acquiring privately held Simena Networks.

In October 2014, NETSCOUT Systems announced it had entered into a definitive agreement to acquire the Communications business of science and technology company Danaher Corporation for about $2.6 billion. Upon completion of the merger, Danaher's shareholders would own nearly 59.5 percent of the combined company, and NETSCOUT shareholders would own the remaining stake. Analyst firm 451 Research, a technology-industry syndicated research and data firm, predicted in May 2015 that with the acquisition, NETSCOUT will be the largest company in the network visibility management space, with "more than 3,000 employees and well over $1bn a year in revenue".

In July 2015, NETSCOUT finalized its acquisition of the communications business of Danaher Corporation, including Arbor Networks (security systems), Fluke Networks (RF and Wi-Fi network troubleshooting and analytics), Tektronix Communications (traffic inspection, customer experience management and analytics) and VSS Monitoring (network packet brokers). In a prepared statement, the company noted that the acquisition "accelerates NETSCOUT’s strategic progress by enabling the company to offer [...] innovative service assurance and cyber security solutions" and adds new employees to NETSCOUT.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2022 2022-11-02 Future report Set alerts
Q1 2022 2022-08-04 0.24 0.24
Q4 2021 2022-05-05 0.29 0.29
Q3 2021 2022-01-27 0.89 0.89
Q2 2021 2021-11-04 0.47 0.47
Q1 2021 2021-07-29 0.20 0.20
Q4 2020 2021-05-06 0.49 0.49
Q3 2020 2021-01-28 0.66 0.66
Q2 2020 2020-10-29 0.00 0.00
Q1 2020 2020-07-30 0.17 -0.24

Ratings

2016-05-12 Reiterated Rating B. Riley Buy $33.00
2016-05-06 Reiterated Rating B. Riley Buy $33.00
2016-04-16 Reiterated Rating B. Riley Buy $33.00
2016-04-12 Initiated Coverage RBC Capital Outperform $28.00
2016-04-12 Initiated Coverage Royal Bank Of Canada Outperform $28.00
2016-04-11 Reiterated Rating B. Riley Buy $33.00
2016-01-31 Reiterated Rating B. Riley Buy $33.00
2016-01-29 Lower Price Target Wunderlich Hold $27.00 to $24.00
2016-01-29 Lower Price Target Stephens $40.00 to $25.00
2016-01-29 Lower Price Target Craig Hallum $50.00 to $30.00
2016-01-29 Downgrade Needham & Company LLC Buy to Hold
2016-01-26 Reiterated Rating B. Riley Buy $50.00
2016-01-19 Lower Price Target RBC Capital Outperform $40.00 to $33.00
2015-11-01 Reiterated Rating B. Riley Buy $50.00
2015-10-30 Reiterated Rating Needham & Company LLC Buy $55.00 to $48.00
2015-10-27 Reiterated Rating B. Riley Buy $49.50
2015-08-13 Initiated Coverage RBC Capital Outperform $48.00
2015-08-07 Reiterated Rating B. Riley Buy $49.50
2015-08-03 Reiterated Rating Needham & Company LLC Buy $48.00 to $55.00
2015-08-02 Reiterated Rating B. Riley Buy $49.50
2015-07-31 Upgrade Sterne Agee CRT Neutral to Buy $48.00
2015-07-30 Upgrade Craig Hallum Hold to Buy
2015-07-28 Reiterated Rating B. Riley Buy $49.50
2015-05-21 Reiterated Rating Needham & Company LLC Buy $48.00
2015-05-05 Reiterated Rating B. Riley Buy $54.00
2015-04-28 Reiterated Rating B. Riley Buy $54.00
2015-03-27 Reiterated Rating B. Riley Buy $43.60
2015-03-19 Boost Price Target Needham & Company LLC Buy $40.00 to $48.00
2015-01-28 Reiterated Rating B. Riley Buy $54.00
2015-01-23 Lower Price Target Wunderlich Hold $40.00 to $35.00
2015-01-21 Reiterated Rating B. Riley Buy $54.00
2014-12-08 Reiterated Rating B. Riley Buy $54.00
2014-10-17 Reiterated Needham Buy $50 to $40
2014-10-17 Lower Price Target Needham & Company LLC Buy $50.00 to $40.00
2014-10-17 Downgrade Stephens Overweight to Equal Weight
2014-10-14 Upgrade DA Davidson Neutral to Buy $48.00
2014-10-14 Downgrade Noble Financial Hold to Sell $28.00 to $38.00
2014-10-14 Reiterated Rating Lake Street Capital Buy $48.00 to $44.00
2014-10-14 Downgrade Wunderlich Buy to Hold $52.00 to $40.00
2014-07-11 Boost Price Target B. Riley Buy $45.00 to $54.00
2014-07-08 Boost Price Target Wunderlich Buy $46.00 to $52.00
2014-04-25 Boost Price Target DA Davidson Neutral $40.00 to $45.00
2014-04-25 Upgrade Wunderlich Hold to Buy $35.00 to $46.00
2014-03-17 Downgrade DA Davidson Buy to Neutral
2014-03-14 Downgrade DA Davidson Buy to Neutral $40.00
2014-01-24 Boost Price Target DA Davidson Buy $35.00 to $40.00
2014-01-24 Boost Price Target Jefferies Group $31.00 to $32.00
2014-01-24 Boost Price Target Needham & Company LLC $32.00 to $39.00
2014-01-23 Upgrade Craig Hallum Sell to Hold
2013-10-18 Boost Price Target Needham & Company LLC Buy $31.00 to $32.00
2013-10-17 Boost Price Target Jefferies Group Hold $29.00 to $31.00
2013-10-17 Downgrade Wunderlich Buy to Hold
2013-10-15 Initiated Coverage DA Davidson Buy $33.00
2013-09-25 Lower Price Target Wunderlich Buy $31.00 to $30.00
2012-10-17 Reiterated Mizuho Buy $26.50 to $28
2011-12-20 Reiterated Wunderlich Hold $16 to $19
2011-07-22 Downgrade Wedbush Outperform to Neutral $21 to $18
2011-07-06 Reiterated Wedbush Outperform $28 to $21
2011-07-06 Downgrade Kaufman Bros Buy to Hold $29.50 to $16.50
2011-04-29 Downgrade Wunderlich Buy to Hold $28 to $26
2011-03-22 Downgrade Dougherty & Company Buy to Neutral
2011-03-18 Initiated Kaufman Bros Buy $30.50
2011-03-01 Initiated Morgan Keegan Outperform $30
2011-01-19 Reiterated Wunderlich Buy $23.50 to $28
2016-05-12 Reiterated Rating B. Riley Buy $33.00
2016-05-06 Reiterated Rating B. Riley Buy $33.00
2016-04-16 Reiterated Rating B. Riley Buy $33.00
2016-04-12 Initiated Coverage RBC Capital Outperform $28.00
2016-04-12 Initiated Coverage Royal Bank Of Canada Outperform $28.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
SINGHAL ANIL K Chief Executive Officer 5.68%  (2330869) NTCT /
SOMMERS DAVID P Executive Vice-Chairman 0.48%  (195264) NTCT /
HADZIMA JOSEPH G JR 0.28%  (116562) NTCT /
DOWNING JOHN SVP, WorldwideSalesOperations 0.22%  (90034) NTCT /
EGAN JOHN R 0.19%  (77504) EMC / NTCT / PRGS / VMW / VRNT /
BUA JEAN A Chief Financial Officer 0.15%  (62602) COR / NTCT /
MULLARKEY VINCENT J 0.10%  (42613) NTCT /
SZABADOS MICHAEL Chief Operating Officer 0.10%  (42427) NTCT /
MCGUIGAN STUART M 0.08%  (32014) NTCT /
PEARSE STEPHEN 0.07%  (29726) NTCT /
DEMARINES VICTOR 0.04%  (17732) NTCT / VRNT /
DONAHUE ROBERT E 0.03%  (13741) ANET / NTCT / SCMR /
LICO JAMES A 0.03%  (12742) DHR / NTCT /
Perretta Christopher 0.02%  (9535) NTCT / STT /