NetScout Systems (NTCT) Getting Somewhat Favorable News Coverage, Study Shows
Media headlines about NetScout Systems (NASDAQ:NTCT) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. NetScout Systems earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 46.6446025156562 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Netscout Systems (NTCT) Prelim. Q3 EPS Tops Views, Revises FY18 Outlook (streetinsider.com)
- Royal Bank of Canada Cuts NetScout Systems (NTCT) Price Target to $27.00 (americanbankingnews.com)
- NetScout Systems Downgraded On ‘Weak’ Preliminary Q3 Results, Slower CAPX Spending (finance.yahoo.com)
- NetScout Systems is Now Oversold (NTCT) (nasdaq.com)
- Craig Hallum Reaffirms “Hold” Rating for NetScout Systems (NTCT) (americanbankingnews.com)
NetScout Systems (NTCT) opened at $25.95 on Friday. NetScout Systems has a 52-week low of $25.75 and a 52-week high of $38.47. The firm has a market capitalization of $2,260.00, a price-to-earnings ratio of 144.17, a PEG ratio of 1.87 and a beta of 1.60. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.60 and a quick ratio of 1.51.
NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings results on Thursday, October 26th. The technology company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. NetScout Systems had a negative return on equity of 0.44% and a negative net margin of 0.96%. The business had revenue of $256.90 million during the quarter, compared to analysts’ expectations of $251.13 million. During the same quarter last year, the business posted $0.39 earnings per share. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. sell-side analysts forecast that NetScout Systems will post 1.59 EPS for the current year.
NetScout Systems declared that its Board of Directors has authorized a share repurchase plan on Thursday, October 26th that permits the company to repurchase 25,000,000 shares. This repurchase authorization permits the technology company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
A number of research analysts have recently weighed in on NTCT shares. KeyCorp restated a “hold” rating on shares of NetScout Systems in a research report on Wednesday, October 11th. Royal Bank of Canada restated a “hold” rating and issued a $35.00 price target on shares of NetScout Systems in a research report on Tuesday, October 10th. BidaskClub cut NetScout Systems from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Zacks Investment Research upgraded NetScout Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. Finally, Craig Hallum set a $23.00 price target on NetScout Systems and gave the company a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $29.67.
In related news, EVP John Downing sold 3,000 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $28.17, for a total transaction of $84,510.00. Following the sale, the executive vice president now owns 88,821 shares of the company’s stock, valued at $2,502,087.57. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Szabados sold 5,000 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $28.19, for a total value of $140,950.00. Following the sale, the insider now directly owns 43,424 shares in the company, valued at approximately $1,224,122.56. The disclosure for this sale can be found here. Company insiders own 3.51% of the company’s stock.
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NetScout Systems Company Profile
NetScout Systems, Inc (NetScout) provides operational intelligence and performance analytics for service assurance and cyber security solutions. The Company’s solutions are used in various service provider, enterprise and government networks. Its nGenius and Infinistream technologies, along with certain product lines from the acquired businesses, enable information technology (IT) organizations to manage service delivery quality, and identify and address business service performance issues and security threats.
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