NEW YORK ( TheStreet) -- NetScout Systems (Nasdaq: NTCT) hit a new 52-week high Tuesday as it traded at $25.98 compared with its previous 52-Week high of $25.64. NetScout Systems is changing hands at $25.92 with 37,340 shares traded as of 9:36 a.m. ET. Average volume has been 315,500 shares over the past 30 days.

NetScout Systems has a market cap of $1.1 billion and is part of the technology sector and computer software & services industry. Shares are up 8.6% year to date as of the close of trading on Monday.

NetScout Systems, Inc. designs, develops, manufactures, markets, sells, and supports application and network performance management solutions worldwide. The company has a P/E ratio of 31.7, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 21.8.

TheStreet Ratings rates NetScout Systems as a buy. 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full NetScout Systems Ratings Report.

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