Needham & Company Maintains a 'Hold' on NetScout (NTCT) Following Solid SeptQ

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October 21, 2011 7:56 AM EDT
Get Alerts NTCT Hot Sheet
Price: $39.67 -0.13%

Rating Summary:
    2 Buy, 12 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Hold' on NetScout (NASDAQ: NTCT).

Needham analyst says, "We believe NTCT remains a volatile story with less visibility than other coverage names in our universe. Although the seasonal climb for DecQ and MarQ (F3/4Q) in revenues is steep and NTCT has more cushion due to the new $14.5m backlog, we believe overall demand in the field for NTCT remains uncertain and view our FY13 estimates of +8% revenue growth and +12% EPS growth as indicating shares are at fair value currently."

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

Shares of NetScout closed at $15.87 yesterday.

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