NetScout Systems upgraded to "buy"

05/01/09 - Wedbush Morgan Securities

NEW YORK, May 1 (newratings.com) - Analysts at Wedbush Morgan upgrade NetScout Systems (NTCT) from "hold" to "buy." The target price has been raised from $8 to $12.

In a research note published this morning, the analysts mention that the company has reported its 4Q results in-line with the guidance but short of the estimates. NetScout Systems' growth prospects are expected to be driven going forward by its new high margin products, new relationship with Cisco and cost control measures, the analysts add. The company is expected to perform in-line with the market expectations going forward, Wedbush Morgan says.