NetScout Systems (NTCT) Receives Daily News Sentiment Score of 0.10
Media stories about NetScout Systems (NASDAQ:NTCT) have been trending somewhat positive on Wednesday, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. NetScout Systems earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 45.8299513208299 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
NetScout Systems (NASDAQ NTCT) traded up $0.15 during trading on Wednesday, hitting $29.90. The stock had a trading volume of 516,449 shares, compared to its average volume of 781,360. The stock has a market cap of $2,566.30, a PE ratio of 22.31, a P/E/G ratio of 1.76 and a beta of 1.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.51 and a current ratio of 1.60. NetScout Systems has a 12 month low of $27.65 and a 12 month high of $38.47.
NetScout Systems (NASDAQ:NTCT) last released its earnings results on Thursday, October 26th. The technology company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.03. The company had revenue of $256.90 million during the quarter, compared to analysts’ expectations of $251.13 million. NetScout Systems had a return on equity of 5.15% and a net margin of 1.52%. The business’s revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 EPS. equities analysts forecast that NetScout Systems will post 1.59 EPS for the current year.
NetScout Systems declared that its board has approved a stock buyback plan on Thursday, October 26th that allows the company to buyback 25,000,000 shares. This buyback authorization allows the technology company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
NTCT has been the subject of a number of analyst reports. Zacks Investment Research cut NetScout Systems from a “buy” rating to a “sell” rating in a report on Thursday, November 2nd. Royal Bank of Canada restated a “hold” rating and issued a $35.00 price target on shares of NetScout Systems in a report on Monday, September 4th. Craig Hallum decreased their price target on NetScout Systems from $30.00 to $28.00 and set a “hold” rating for the company in a report on Thursday, October 26th. B. Riley restated a “buy” rating and issued a $36.00 price target on shares of NetScout Systems in a report on Friday, October 27th. Finally, Piper Jaffray Companies began coverage on NetScout Systems in a report on Monday, November 13th. They issued an “overweight” rating and a $34.00 price target for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $33.20.
In other news, EVP John Downing sold 3,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 88,821 shares in the company, valued at approximately $2,502,087.57. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael Szabados sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 43,424 shares of the company’s stock, valued at $1,224,122.56. The disclosure for this sale can be found here. Corporate insiders own 3.51% of the company’s stock.
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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