Alert: Rating Upgrade (12/22/23)-NetScout Systems Inc (NASDAQ: NTCT).


Stock Rating Upgrade

Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for NetScout Systems Inc (NASDAQ: NTCT) improved during the last several trading days. NTCT’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.


Recent Price Action

NetScout Systems Inc (NASDAQ: NTCT) stock closed at $22.51 on 12/22/23 after a modest gain of 0.6%. However, unusually low trading volume at 54% of normal accompanied the advance. The stock is unchanged during the last week but has been weak relative to the market over the last nine months.

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 (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. NetScout Systems has a good Appreciation Score of 71 but a poor Power Rating of 16, and the Low Neutral Value Trend Rating results.

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