Jefferies Starts NetScout (NTCT) at Hold

Jefferies initiates coverage on NetScout (NASDAQ: NTCT) with a Hold. PT $15.00.

The firm states, "NetScout’s growth opportunity fronts several secular trends but further near term uncertainty exists as vertical and deal size concentration have increased without an offset in revenue diversification. We are initiating coverage with a Hold and look for a greater margin of error in the ability to achieve financial targets prior to turning more positive."

For more ratings news on NetScout click here and for the rating history of NetScout click here.

Shares of NetScout closed at $13.02 yesterday.

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