NEW YORK ( TheStreet) -- Shares of NetScout Systems (Nasdaq: NTCT) have taken a tremendous swing upward. The stock is trading at $15.89 as of 10:56 a.m. ET, 20% above Wednesday's closing price of $13.24. Volume is at 469,055, 1.1 times the daily average of 438,800. NetScout Systems has a market cap of $580.6 million and is part of the technology sector and computer software & services industry. Shares are down 41% year to date as of the close of trading on Wednesday. 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 17.9, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7. 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. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.