Why NetScout Systems Stock Was Up This Week
NetScout Systems (NASDAQ: NTCT) shareholders trounced the market this week. The cybersecurity specialist was up 15% through Thursday trading compared to a 2.2% surge in the S&P 500, according to data provided by S&P Global Market Intelligence. The gain added to positive returns for investors over the last year as NetScout is up 23% over the past 12 months.
This week's rally was powered by an earnings report that painted a bright picture on growth and earnings.
NetScout announced on Thursday that sales and profits beat management's targets for the third-quarter selling period that ended in late December. "We advanced our strategic objectives and delivered solid financial results," CEO Anil Singhal said in a press release.
Source Fool.com
