NetScout Systems Stock Gaps Up On Today's Open (NTCT)
Shares of NetScout Systems (Nasdaq:NTCT) were gapping up Thursday morning with an open price 11.4% higher than Wednesday's closing price. The stock closed at $17.05 yesterday and opened today's trading at $18.99.
NEW YORK ( TheStreet) -- Shares of NetScout Systems (Nasdaq: NTCT) were gapping up Thursday morning with an open price 11.4% higher than Wednesday's closing price. The stock closed at $17.05 Wednesday and opened today's trading at $18.99. The average volume for NetScout Systems has been 257,400 shares per day over the past 30 days. NetScout Systems has a market cap of $680.8 million and is part of the technology sector and computer software & services industry. Shares are down 6.4% 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 22.6, above the average computer software & services industry P/E ratio of 22.2 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 revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full NetScout Systems Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.