The analyst firm raised its fiscal 2016 EPS estimates for the company to $1.88 a share from its previous estimates of $1.79 a share. Sterne Agee also raised its fiscal 2017 EPS estimates for the company to $2.33 a share from $2.20 a share.
"Our two highlighted risk factors heading into this transitional phase from the DHR acquisition was 1) the spending impact from Carrier customers delaying purchases (60% of pro-forma rev) and 2) volatility of the 60M incremental shares (lower than anticipated)," Sterne Agee analyst Alex Kurtz wrote. "For now, both appear less pronounced and a multi-year outlook on valuation that outlines a $60 stock opportunity (discounted back to $48-49)."
Separately, TheStreet Ratings team rates NETSCOUT SYSTEMS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate NETSCOUT SYSTEMS INC (NTCT) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and expanding profit margins. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself."
You can view the full analysis from the report here: NTCT Ratings Report