U.S. Markets closed

NetScout Systems (NTCT) in Focus: Stock Moves 5.5% Higher

Zacks Equity Research
1 / 2

JinkoSolar Supplies Modules for Australia's Solar Project

Green Light Contractors will install JinkoSolar's (JKS) 275.4 MWdc high-efficiency modules in the Bungala solar project to lower greenhouse gas emissions.

NetScout Systems, Inc. NTCT was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $26.33 –$27.95 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen one negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

NetScout Systems currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

NetScout Systems, Inc. Price

NetScout Systems, Inc. Price | NetScout Systems, Inc. Quote

 

A better-ranked stock in the Computer and Technology sector is Cisco Systems, Inc. CSCO, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is NTCT going up? Or down? Predict to see what others think: Up or Down

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report
 
NetScout Systems, Inc. (NTCT) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research