News coverage about NetScout Systems (NASDAQ:NTCT) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. NetScout Systems earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 46.0845098506846 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- NETSCOUT to Report Second-Quarter Fiscal Year 2018 Financial Results on October 26 (finance.yahoo.com)
- NetScout Systems, Inc. (NTCT) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
- Zacks: Brokerages Anticipate NetScout Systems, Inc. (NTCT) Will Post Quarterly Sales of $251.70 Million (americanbankingnews.com)
- NetScout Systems, Inc. (NTCT) Expected to Post Earnings of $0.27 Per Share (americanbankingnews.com)
- NetScout Systems, Inc. – Value Analysis (NASDAQ:NTCT) : October 4, 2017 (finance.yahoo.com)
A number of equities analysts have recently commented on the stock. BidaskClub raised shares of NetScout Systems from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research raised shares of NetScout Systems from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. B. Riley reissued a “buy” rating and issued a $44.00 price target on shares of NetScout Systems in a report on Friday, July 28th. Finally, Royal Bank Of Canada reissued a “hold” rating on shares of NetScout Systems in a report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $39.50.
Shares of NetScout Systems (NASDAQ NTCT) opened at 33.05 on Wednesday. The stock has a 50 day moving average of $32.62 and a 200-day moving average of $34.79. The stock has a market cap of $2.96 billion, a PE ratio of 167.77 and a beta of 1.60. NetScout Systems has a 52 week low of $26.25 and a 52 week high of $38.47.
NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings results on Thursday, July 27th. The technology company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. NetScout Systems had a net margin of 1.60% and a return on equity of 5.53%. The company had revenue of $225.80 million for the quarter, compared to analysts’ expectations of $225.66 million. During the same quarter in the previous year, the business posted $0.28 earnings per share. NetScout Systems’s quarterly revenue was down 16.1% on a year-over-year basis. Equities research analysts predict that NetScout Systems will post $2.06 earnings per share for the current fiscal year.
In related news, insider Michael Szabados sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $34.60, for a total value of $173,000.00. Following the sale, the insider now owns 39,170 shares in the company, valued at $1,355,282. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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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