UPDATE: Wunderlich Securities Reiterates On NetScout Systems On Visibility Developing For Long-Term Growth

In a report published Tuesday, Wunderlich Securities analyst Matthew S. Robison reiterated a Buy rating on

, and raised the price target from $46.00 to $52.00. In the report, Wunderlich Securities noted, “NetScout Systems (NTCT) is scheduled to report before regular trading on July 17. We expect outlook commentary in terms of service provider activity, as well as growing usage of nGeniusONE for applications performance management (APM) in General Enterprise settings. In our view, expansion in APM is at an early stage with the company in the process of characterizing more applications. Also, the company is developing analytics for security based on algorithmic principles that we view likely to offer further growth. With this backdrop, we are elevating our price target to $52 from $46 and maintaining our Buy recommendation.” NetScout Systems closed on Monday at $43.84.