Wunderlich Securities Lowers NetScout Systems PT to $18

Wunderlich Securities lowered its NetScout Systems NTCT price target from $26 to $18 in a research report published today. Wunderlich Securities has previously given NetScout Systems a Hold rating. In the report, Wunderlich Securities states, "Last night, NetScout (NTCT) pre-announced 1Q12 and revised 2012 guidance downward. Spending has slowed for the company in verticals that deploy many of the largest private networks, federal and financial services. Management expects financial sector recovery in H212, but is less certain about federal, citing relative lack of information due to recent slippage of federal business." Shares of NetScout were trading at $17.25 at the time of posting, down 18.65% from Friday's market close.