NetScout Systems Stock Hits New 52-Week Low (NTCT)

NEW YORK (TheStreet) -- NetScout Systems (Nasdaq:NTCT) hit a new 52-week low Monday as it is currently trading at $11.31, below its previous 52-week low of $11.34 with 4,029 shares traded as of 9:30 a.m. ET. Average volume has been 548,300 shares over the past 30 days.

NetScout Systems has a market cap of $503.2 million and is part of the technology sector and computer software & services industry. Shares are down 50.4% year to date as of the close of trading on Friday.

NetScout Systems, Inc. engages in the design, development, manufacture, marketing, sale, and support of unified service delivery management, service assurance, and application and network performance management solutions worldwide. The company has a P/E ratio of 15.5, equal to the average computer software & services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates NetScout Systems as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and weak operating cash flow. You can view the full NetScout Systems Ratings Report.

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