News articles about Mercury Systems (NASDAQ:MRCY) have trended somewhat positive on Wednesday, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Mercury Systems earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 44.8112207862573 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Mercury : Launches 6U OpenVPX Server with Extreme Durability and Security (4-traders.com)
- Mercury Systems to Report First Quarter Fiscal Year 2018 Financial Results on October 24, 2017 (feeds.benzinga.com)
- Mercury Systems Launches 6U OpenVPX Server with Extreme Durability and Security (finance.yahoo.com)
- Critical Contrast: Mercury Systems (MRCY) versus Esterline Technologies Corporation (ESL) (americanbankingnews.com)
- Mercury Systems Receives $6.2M RF Subsystem Order for Electronic Warfare Application (finance.yahoo.com)
MRCY has been the subject of several recent analyst reports. Zacks Investment Research downgraded Mercury Systems from a “hold” rating to a “sell” rating in a report on Thursday, September 14th. BidaskClub raised Mercury Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 24th. Noble Financial reissued a “hold” rating on shares of Mercury Systems in a report on Thursday, August 3rd. Jefferies Group LLC reissued a “hold” rating and set a $43.00 target price on shares of Mercury Systems in a report on Friday, July 7th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and set a $51.00 target price on shares of Mercury Systems in a report on Monday, October 2nd. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $45.50.
Mercury Systems (NASDAQ:MRCY) opened at 51.82 on Wednesday. Mercury Systems has a 52 week low of $22.31 and a 52 week high of $53.56. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 89.34 and a beta of 0.41. The firm has a 50-day moving average price of $49.13 and a 200 day moving average price of $43.07.
Mercury Systems (NASDAQ:MRCY) last posted its earnings results on Tuesday, August 1st. The technology company reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.08. Mercury Systems had a return on equity of 4.87% and a net margin of 6.09%. The firm had revenue of $115.60 million for the quarter, compared to analysts’ expectations of $115.11 million. During the same period last year, the firm earned $0.23 EPS. The company’s quarterly revenue was up 35.3% on a year-over-year basis. On average, equities research analysts forecast that Mercury Systems will post $1.24 earnings per share for the current fiscal year.
In other news, VP Charles A. Speicher sold 7,000 shares of Mercury Systems stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $44.09, for a total transaction of $308,630.00. Following the sale, the vice president now owns 36,983 shares of the company’s stock, valued at approximately $1,630,580.47. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Mark Aslett sold 9,600 shares of Mercury Systems stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $47.32, for a total transaction of $454,272.00. Following the sale, the insider now directly owns 519,382 shares in the company, valued at approximately $24,577,156.24. The disclosure for this sale can be found here. Insiders sold a total of 23,900 shares of company stock worth $1,120,368 over the last ninety days. 3.50% of the stock is currently owned by corporate insiders.
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About Mercury Systems
Mercury Systems, Inc is a commercial provider of secure processing subsystems designed and made in the United States. The Company’s solutions support a range of defense and intelligence programs. Its technologies include embedded processing modules and subsystems, radio frequency (RF) and microwave multi-function assemblies, as well as subsystems, and RF and microwave components.
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