12:40 AM EDT, 05/13/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We trim our 12-month target price by $5 to $25, 11.6x our FY 25 (Mar.) EPS estimate, a discount to its three-year forward average P/E at 14.8x, reflecting our slow growth outlook. We lower of FY 25 EPS estimate by $0.04 to $2.15 and set FY 25's at $2.23. NTCT reported Mar-Q operating EPS of $0.55 vs. $0.38, $0.03 above the consensus. Mar-Q revenue decreased 2.2%, with a 2% decline in product revenue and a 2.4% drop in service revenue. Cybersecurity revenue growth was a highlight for NTCT during FY 20, as customers continue to prioritize security spending amid heightened geopolitical tensions and an expanding cyber threat landscape. This positive trend was more than offset by the constrained customer spending environment affecting its service assurance offerings, primarily related to its domestic service provider customers.