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NetScout Systems (NTCT) Catches Eye: Stock Jumps 5.9%

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NetScout Systems, Inc.NTCT was a big mover last session, as its shares rose almost 6% on the day. The move came after the company reported fiscal third-quarter 2017 net income of $21.2 million and the results also topped Wall Street expectations. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $30.60 to $32.70 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

NetScout Systems currently carries a Zacks Rank #3 (Hold).

NetScout Systems, Inc. Price

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

A better-ranked stock in the Computer - Networking space is Ixia XXIA , carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

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NetScout Systems, Inc. (NTCT): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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