Craig-Hallum Maintains Buy Rating On NetScout Systems, Inc. (NTCT)

Analysts Eric Martinuzzi and Ryan R. Bergan at Craig Hallum have released an update on NetScout Systems, Inc. (NASDAQ: NTCT). The company released preliminary results for the fourth-quarter on Tuesday. Based on these results, FY10 non-GAAP revenue is expected to be in the range of $261-$262 million. FY10 EPS is expected to be $0.85-$0.86.

Analysts have revised their fourth-quarter, FY10 and FY11 estimates for the company. For the fourth-quarter, analysts have raised non-GAAP revenue estimate from $70 million to $71.6 million. Fourth-quarter EPS estimate has been lowered from $0.24 to $0.21. FY10 revenue estimate has been raised to $261.2 million, while EPS estimate has been lowered from $0.88 to $0.85. FY11 revenue estimate has been raised from $271.6 million to $279.5 million.

Analysts at Craig Hallum have maintained their Buy rating and $18 price target for NetScout Systems, Inc.