Recent extremely meaningful negative changes in investment behavior have impacted NetScout Systems Inc (NASDAQ: NTCT): negative upside/downside volume developed, and its shorter term price trend turned down.
NetScout Systems Inc (NASDAQ: NTCT) has recently experienced significant negative changes in fundamentals: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, NTCT is expected to continue to be a modest Value Builder.
NetScout Systems has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. NetScout Systems has a good Appreciation Score of 70 but a slightly negative Power Rating of 32, leading to the Neutral Value Trend Rating.
Recent Price Action
On 3/21/24, NetScout Systems Inc (NASDAQ: NTCT) stock rose slightly by 0.1%, closing at $21.63. However, below average trading volume at 82% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months and has declined -9.8% during the last week.
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