NetScout (NTCT) Poised to Ride the AI Wave in Cybersecurity, Say Analysts

NetScout Systems, Inc. (NASDAQ:NTCT) is one of the best cybersecurity stocks to buy right now. On August 26, analysts at B.Riley reiterated that the company is well-positioned to capitalize on the emergence of artificial intelligence in its network monitoring and network security markets. Consequently, the firm reiterated a Buy rating as analyst Erik Suppiger set a $33 price target.

According to the research firm, NetScout’s proprietary technology sets it apart in the network security market. The sentiments stem from its network monitoring solutions becoming increasingly popular for observability and AI operations. As more threat actors create and distribute denial-of-service attacks leveraging AI, NetScout is well-positioned to capitalize on its arsenal of network security solutions.

In addition, the research firm highlighted the company’s profitability, cash generation capabilities, and substantial cash reserves as key reasons supporting the Buy thesis. While the stock has underperformed other cybersecurity stocks, the underperformance presents a buy opportunity, according to the research firm.

NetScout Systems, Inc. (NASDAQ:NTCT) provides cybersecurity solutions that focus on real-time network visibility and assurance, enabling organizations to monitor and protect their digital services from disruptions and threats. Its platform offers in-depth insights into network performance, security, and application delivery, leveraging patented smart data and analytics to proactively detect and mitigate threats across complex environments.

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Disclosure: None. This article is originally published at Insider Monkey.