UPDATE: Sterne Agee Initiates NetScout Systems at Buy

Sterne Agee is out with its report today on NetScout Systems NTCT, initiating NTCT at Buy. In a note to clients, Sterne Agee writes, "We are initiating coverage of NetScout Systems with a Buy rating and a $26 price target. We believe NetScout provides investors with an opportunity to participate in the substantial growth of Mobile data driven by 3G and 4G LTE networks in the United States and Europe (Cisco estimates a 26x fold increase in Mobile data over the next five years – Ericsson's CEO commented that 140 petabytes of data are sent over the Mobile network each month)." At the time of posting, shares of NTCT were trading at $20.66, up 2.89% from Monday's close.