News articles about NetScout Systems (NASDAQ:NTCT) have trended somewhat positive on Monday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. NetScout Systems earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 46.4104744688185 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- NetScout Systems, Inc. (NTCT) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
- NetScout Systems (NTCT) Cut to Strong Sell at Zacks Investment Research (americanbankingnews.com)
- NetScout Systems (NTCT) in Focus: Stock Moves 6.2% Higher (zacks.com)
- NetScout Systems, Inc. Forecasted to Post Q3 2018 Earnings of $0.57 Per Share (NTCT) (americanbankingnews.com)
Shares of NetScout Systems (NASDAQ NTCT) opened at $27.00 on Monday. The stock has a market capitalization of $2,352.81, a PE ratio of 158.83, a PEG ratio of 2.69 and a beta of 1.60. NetScout Systems has a 1 year low of $25.75 and a 1 year high of $38.47. 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 issued its quarterly earnings results on Thursday, October 26th. The technology company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.03. NetScout Systems had a return on equity of 5.15% and a net margin of 1.52%. The company had revenue of $256.90 million for the quarter, compared to the consensus estimate of $251.13 million. During the same period last year, the business posted $0.39 earnings per share. The firm’s revenue was down 5.6% compared to the same quarter last year. sell-side analysts predict that NetScout Systems will post 1 EPS for the current year.
NetScout Systems announced that its board has authorized a share repurchase program on Thursday, October 26th that permits the company to buyback 25,000,000 outstanding shares. This buyback authorization permits the technology company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
NTCT has been the topic of several research analyst reports. Zacks Investment Research raised NetScout Systems from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Thursday, October 26th. Piper Jaffray Companies initiated coverage on NetScout Systems in a research report on Monday, November 13th. They issued an “overweight” rating and a $34.00 price target on the stock. Craig Hallum set a $23.00 price target on NetScout Systems and gave the company a “hold” rating in a research report on Wednesday, January 10th. KeyCorp reaffirmed a “hold” rating on shares of NetScout Systems in a research report on Wednesday, October 11th. Finally, Royal Bank of Canada lowered their price target on NetScout Systems to $27.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 11th. Two 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 presently has a consensus rating of “Hold” and a consensus target price of $29.67.
In related news, EVP John Downing sold 3,000 shares of NetScout Systems stock in a transaction dated 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 directly owns 88,821 shares of the company’s stock, valued at $2,502,087.57. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Michael Szabados sold 5,000 shares of NetScout Systems stock in a transaction dated Tuesday, October 31st. The stock was 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 $1,224,122.56. The disclosure for this sale can be found here. 3.51% of the stock is owned by company insiders.
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About NetScout Systems
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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