NTCT Stock Summary and Trading Ideas (Netscout Systems | NASDAQ:NTCT)

NetScout Systems Inc is a provider of service assurance and cybersecurity solutions to enterprise and government networks. It bases its solutions on proprietary adaptive service intelligence technology, which helps customers monitor and identify performance issues and provides insight into network-based security threats. These solutions also deliver real-time and historical information, which provides insight to restore service and understand the quality of user experience. The company derives revenue primarily from the sale of network management tools and security solutions. Its geographical regions include USA, Europe, Asia, and Rest of the World.

Netscout Systems trades on the NASDAQ stock market under the symbol NTCT.

As of April 24, 2024, NTCT stock price declined to $19.97 with 494,915 million shares trading.

NTCT has a beta of 0.40, meaning it tends to be less sensitive to market movements. NTCT has a correlation of 0.02 to the broad based SPY ETF.

NTCT has a market cap of $1.44 billion. This is considered a Small Cap stock.

Last quarter Netscout Systems reported $218 million in Revenue and $.73 earnings per share. This beat revenue expectation by $20 million and exceeded earnings estimates by $.36.

In the last 3 years, NTCT stock traded as high as $38.02 and as low as $18.77.

The top ETF exchange traded funds that NTCT belongs to (by Net Assets): CIBR, IJR, VTI, VB, IWM.

NTCT has underperformed the market in the last year with a price return of -29.4% while the SPY ETF gained +24.2%. NTCT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -8.8% and -3.3%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

NTCT support price is $19.55 and resistance is $20.45 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NTCT stock will trade within this expected range on the day.