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Netscout Systems (NTCT) DHR Acquisition Helped Push EPS Beat; Needham & Company Reiterates Buy

October 30, 2015 7:03 AM EDT

Needham & Company maintained a Buy rating on NetScout (NASDAQ: NTCT), and cut the price target to $48.00 (from $55.00), following the company's 2Q16 earnings results. NTCTs $282m and $0.47 EPS are well above $269m and $0.30 EPS consensus.

Analyst Scott Zeller commented, "The... More