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RBC Capital Sticks to Its Hold Rating for Netscout Systems (NTCT)

Tipranks - Tipranks - Tue Jan 20, 8:00PM CST

RBC Capital analyst Matthew Hedberg maintained a Hold rating on Netscout Systems on January 16 and set a price target of $29.00. The company’s shares closed last Friday at $27.16.

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Hedberg covers the Technology sector, focusing on stocks such as ServiceNow, Check Point, and UiPath. According to TipRanks, Hedberg has an average return of 9.0% and a 52.20% success rate on recommended stocks.

Netscout Systems has an analyst consensus of Moderate Buy, with a price target consensus of $32.00.

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Based on Netscout Systems’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $219.02 million and a net profit of $25.83 million. In comparison, last year the company earned a revenue of $191.11 million and had a net profit of $9.03 million

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