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Fly News Breaks for January 11, 2018
NTCT
Jan 11, 2018 | 09:31 EDT
As reported previously, DA Davidson analyst Mark Kelleher downgraded NetScout Systems to Neutral from Buy and lowered his price target to $27 from $37. Kelleher cites the company's preliminary Q3 report that indicated further slowness in capital expenditure for network assurance products. While NetScout is countering the slower spend with more share buybacks, the analyst contends that this implies on-going softness in the company's end markets.
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