Netscout Systems Inc reports results for the quarter ended June 30 - Earnings Summary

• Netscout Systems Inc NTCT reported quarterly adjusted earnings of 34 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 28 cents. The mean expectation of two analysts for the quarter was for earnings of 30 cents per share. Wall Street expected results to range from 29 cents to 30 cents per share.

• Revenue rose 7% to $186.75 million from a year ago; analysts expected $181.09 million.

• Netscout Systems Inc's reported EPS for the quarter was a loss of 5 cents​.

• The company reported a quarterly loss of $3.68 million.

• Netscout Systems Inc shares had fallen by 12.5% this quarter and gained 0.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is "buy."

• Wall Street's median 12-month price target for Netscout Systems Inc is $23.45, about 7.4% above its last closing price of $21.72

This summary was machine generated from LSEG data August 7 at 05:13 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)