Why NetScout Systems (NTCT) Stock Is Up Today

NEW YORK (TheStreet) -- NetScout Systems  (NTCT) shares are up 7.6% to $38.50 on Thursday following the release of the company's fourth quarter and full year earnings report.

The company posted Non-GAAP fourth quarter revenue of $112.5 million, beating analysts estimates by $3.15 million. For the year, the company reported $396.6 million in revenue.

Non-GAAP net income for the quarter was $20.2 million, or 48 cents per share, beating analysts estimates by 3 cents. Non-GAAP net income for the year was $64.2 million.

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TheStreet Ratings team rates NETSCOUT SYSTEMS INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate NETSCOUT SYSTEMS INC (NTCT) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. 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."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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NetScout (NTCT) Stock Gaining on Q4 Earnings Beat, Guidance