Press coverage about NetScout Systems (NASDAQ:NTCT) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. NetScout Systems earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 46.0921413934871 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Financial Review: Leidos (LDOS) and NetScout Systems (NTCT) (americanbankingnews.com)
- Investors Are Undervaluing NetScout Systems Inc (NASDAQ:NTCT) By 36.79% (finance.yahoo.com)
- EA Markets Advises NETSCOUT on $300,000,000 Accelerated Share Repurchase and $1,000,000,000 Revolving Credit Facility (itbusinessnet.com)
- $218.80 Million in Sales Expected for NetScout Systems, Inc. (NTCT) This Quarter (americanbankingnews.com)
- Zacks: Brokerages Expect NetScout Systems, Inc. (NTCT) Will Announce Earnings of $0.14 Per Share (americanbankingnews.com)
NTCT stock opened at $24.75 on Friday. The company has a quick ratio of 1.90, a current ratio of 2.00 and a debt-to-equity ratio of 0.29. The firm has a market cap of $2.01 billion, a PE ratio of 25.00, a PEG ratio of 2.85 and a beta of 1.30. NetScout Systems has a fifty-two week low of $23.15 and a fifty-two week high of $33.90.
NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings results on Thursday, July 26th. The technology company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.02. The company had revenue of $205.11 million during the quarter, compared to the consensus estimate of $210.47 million. NetScout Systems had a return on equity of 3.79% and a net margin of 4.28%. The firm’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.08 EPS. equities analysts forecast that NetScout Systems will post 0.88 EPS for the current year.
A number of research analysts have issued reports on the company. ValuEngine upgraded NetScout Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, June 13th. Piper Jaffray Companies set a $31.00 price objective on NetScout Systems and gave the company a “buy” rating in a research note on Monday, August 13th. Zacks Investment Research downgraded NetScout Systems from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. Finally, BidaskClub downgraded NetScout Systems from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 18th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. NetScout Systems currently has an average rating of “Hold” and an average price target of $28.33.
In other news, Director Vincent J. Mullarkey sold 6,000 shares of the stock in a transaction on Monday, August 20th. The stock was sold at an average price of $25.43, for a total transaction of $152,580.00. Following the completion of the transaction, the director now owns 36,613 shares in the company, valued at approximately $931,068.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Downing sold 3,000 shares of the stock in a transaction on Monday, August 6th. The stock was sold at an average price of $26.00, for a total value of $78,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 14,000 shares of company stock valued at $365,380 in the last quarter. 3.93% of the stock is owned by corporate insiders.
About NetScout Systems
NetScout Systems, Inc provides real-time operational intelligence and performance analytics for digital business services against disruptions in availability, performance, and security in the United States, Europe, Asia, and internationally. The company offers nGeniusONE management software that enables customers to predict, preempt, and resolve network and service delivery problems, as well as facilitate the optimization and capacity planning of their network infrastructures; and specialized platforms and analytic modules that enable its customers to analyze and troubleshoot traffic in radio access and Wi-Fi networks.
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