UPDATE: Wunderlich Securities Upgrades NetScout Systems to Buy, Raises PT on Moving Above the Competitive Fray

In a report published Friday, Wunderlich Securities analyst Matthew S. Robison upgraded the rating on NetScout Systems NTCT from Hold to Buy, and raised the price target from $35.00 to $46.00. In the report, Wunderlich Securities noted, “The F4Q14 earnings call marked transition of NetScout (NTCT) Adaptive Session Intelligence (ASI) technology and the nGeniousONE product line that employs it from concept to economic driver. Because nGenousONE is being deployed for speed of fault detection clear across large networks, the role of NetScout is escalating to a position above the fray of most industry peers. Because of this and addressable market expansion from network to applications performance management, we believe the company is carving out new IT wallet share. Visibility has developed among enterprise accounts and the company's role in LTE and Voice-over-LTE (VoLTE) is expanding. We anticipate a new growth phase for the company and are upgrading our opinion to Buy from Hold and elevating our price target to $46 from $35.” NetScout Systems closed on Friday at $38.70.