NetScout (NTCT) Estimates, PT Lifted at Needham & Company Post Q4

Needham & Company analyst Scott Zeller raised estimates and his price target on Buy-rated NetScout (NASDAQ: NTCT) from $39 to $47 following Q4 results.

Zeller commented, "The F4Q14(Mar) results for NetScout were a solid beat on revenue and EPS, and the low DSO of 47 days in MarQ (vs. 68 last MarQ) suggests NTCT didn’t have a high-pressure back-end loaded quarter. Our thesis on shares continues to be growth of Service Provider and Financials, which are a combined 57-62% of total NTCT revenue, by our estimates. NGenius One upgrades continue to drive revenue, as new customers broaden the use case for NTCT, from NPM to NPM+APM and service delivery. Guidance for FY15 was well above consensus; we are raising FY15 estimates, and introducing FY16. Our new target of $47 is 21x our $1.96 CY15 EPS estimate, and 3.4x EV/CY15 revenue."

For an analyst ratings summary and ratings history on NetScout click here. For more ratings news on NetScout click here.

Shares of NetScout closed at $38.70 yesterday.

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