News stories about NetScout Systems (NASDAQ:NTCT) have trended somewhat positive recently, according to Accern. The research firm scores the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. NetScout Systems earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 46.023218419369 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of NetScout Systems (NTCT) traded up $0.70 during mid-day trading on Tuesday, reaching $31.00. 1,131,264 shares of the company’s stock were exchanged, compared to its average volume of 752,205. NetScout Systems has a twelve month low of $27.65 and a twelve month high of $38.47. The stock has a market capitalization of $2,700.00, a PE ratio of 22.67, a P/E/G ratio of 1.79 and a beta of 1.57. The company has a current ratio of 1.60, a quick ratio of 1.51 and a debt-to-equity ratio of 0.14.
NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, October 26th. The technology company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.03. NetScout Systems had a net margin of 1.52% and a return on equity of 5.15%. The business had revenue of $256.90 million during the quarter, compared to analysts’ expectations of $251.13 million. During the same period in the prior year, the company earned $0.39 earnings per share. The firm’s revenue was down 5.6% on a year-over-year basis. sell-side analysts predict that NetScout Systems will post 1.59 earnings per share for the current year.
NetScout Systems announced that its Board of Directors has approved a share buyback plan on Thursday, October 26th that allows the company to buyback 25,000,000 shares. This buyback authorization allows the technology company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.
NTCT has been the subject of several research reports. B. Riley reissued a “buy” rating and set a $44.00 price objective on shares of NetScout Systems in a report on Friday, July 28th. BidaskClub raised shares of NetScout Systems from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Zacks Investment Research cut shares of NetScout Systems from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Royal Bank Of Canada reissued a “hold” rating and set a $35.00 price objective on shares of NetScout Systems in a report on Monday, September 4th. Finally, KeyCorp reissued a “hold” rating on shares of NetScout Systems in a report on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. NetScout Systems has a consensus rating of “Hold” and a consensus target price of $33.20.
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In other news, 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 completion of the sale, the insider now directly owns 43,424 shares of the company’s stock, valued at $1,224,122.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 completion of the sale, the executive vice president now directly owns 88,821 shares of the company’s stock, valued at $2,502,087.57. The disclosure for this sale can be found here. 3.51% of the stock is currently owned by corporate insiders.
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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