Kaufman Bros. Downgrades NetScout (NTCT) to Hold; Slashes PT

Kaufman Bros. downgraded NetScout (NASDAQ: NTCT) from Buy to Hold. PT cut from $29.50 to $16.50.

Kaufman analyst says, "First-quarter results lower than our expectations, which were already below the Street...Company pre-released disappointing results for second consecutive quarter and lowered full-year guidance as two of its largest verticals continue to trend poorly...Two quarters of disappointing news highlighting near-term issues, combined with our rising macro concern about overall enterprise spending later this year help drive our rationale."

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

Shares of NetScout closed at $17.14 yesterday.

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