NetScout Systems Stock Hits New 52-Week High (NTCT)
NetScout Systems (Nasdaq:NTCT) hit a new 52-week high Friday as it changed hands at $27.75 compared with its previous 52-week high of $27.72. NetScout Systems is currently trading at $27.73 with 142,737 shares changing hands as of 10:36 a.m.
NEW YORK ( TheStreet) -- NetScout Systems (Nasdaq: NTCT) hit a new 52-week high Friday as it traded at $27.75 compared with its previous 52-Week high of $27.72. NetScout Systems is changing hands at $27.73 with 142,737 shares traded as of 10:36 a.m. ET. Average volume has been 345,300 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 18.7% year to date as of the close of trading on Thursday. Sinotrans Limited, through its subsidiaries, provides logistic services in the People's Republic of China. The company's Freight Forwarding segment's services involve in arranging transportation goods to designated consignees at other locations through rail, road, and airways. The company has a P/E ratio of 34.1, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 16.4.
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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. See all 52-week high stocks or get investment ideas from our investment research center.