RBC Capital analyst Matthew Hedberg kept his Sector Perform rating and $29 price target on NetScout after its preliminary Q4 results, saying the $15M revenue shortfall relative to prior guidance was due to delayed revenue recognition from a large service provider project and reflects the "lumpiness" of that market. The analyst also lowers his FY20 revenue forecast to $247M from $254M given the company's first look into FY20 organic growth view. Hedberg adds that the current valuation for NetScout looks "fair with near-term implied upside more limited" and believes that the stock trades in line with the market until the new product cycle becomes more pronounced.