NetScout initiated with a Buy at B. Riley

B. Riley analyst Erik Suppiger initiated coverage of NetScout (NTCT) with a Buy rating and $33 price target NetScout is a provider of network services technologies and investors should buy the stock as the company addresses two attractive growth markets, the analyst tells investors in a research note. The firm believes NetScout is positioned to benefit from the emergence of artificial intelligence in both of its markets. The recent share pullback presents a buying opportunity, contends Riley.