UPDATE: Piper Sandler Downgrades NetScout (NTCT) to Underweight

Piper Sandler analyst James Fish downgraded NetScout (NASDAQ: NTCT) from Neutral to Underweight with a price target of $33.00 (from $35.00).

The analyst comments "We see multiple risks to management's mid-teens product growth, including: worsening supply chain, pull-in of orders, economic sensitivity in a downturn scenario, Service Provider capex growth having peaked, and guide including Omnis success despite multiple issues. Margins could still improve, capital return needs to be more sustainable, and valuation is at its peak multiple. Reduce to UW and $33 PT."

For an analyst ratings summary and ratings history on NetScout click here. For more ratings news on NetScout click here.

Shares of NetScout closed at $37.65 yesterday.

You May Also Be Interested In

• Goldman Sachs Upgrades Plains GP Holdings, L.P (PAGP) to Neutral
• BorgWarner (BWA) PT Raised to $95 at Wolfe Research, 'Bullish Takeaways from CEO Meetings'
• Nomura/Instinet Downgrades T&D Holdings Inc (8795:JP) (TDHOY) to Neutral