Media coverage about NetScout Systems (NASDAQ:NTCT) has trended somewhat positive recently, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty 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 media sentiment score of 0.20 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 45.7831558870465 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern’s rankings:
Shares of NetScout Systems stock traded down $0.55 on Friday, reaching $26.30. 697,798 shares of the stock were exchanged, compared to its average volume of 910,218. NetScout Systems has a one year low of $25.33 and a one year high of $38.47. The company has a current ratio of 1.70, a quick ratio of 1.61 and a debt-to-equity ratio of 0.13. The company has a market cap of $2,295.12, a PE ratio of 15.84, a price-to-earnings-growth ratio of 2.41 and a beta of 1.53.
NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.02. The company had revenue of $272.00 million during the quarter, compared to the consensus estimate of $271.36 million. NetScout Systems had a net margin of 7.95% and a return on equity of 5.34%. The firm’s quarterly revenue was down 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 EPS. research analysts forecast that NetScout Systems will post 1.04 earnings per share for the current year.
A number of brokerages have issued reports on NTCT. B. Riley increased their target price on shares of NetScout Systems from $28.50 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. BidaskClub raised shares of NetScout Systems from a “strong sell” rating to a “sell” rating in a report on Saturday, March 24th. Piper Jaffray set a $32.00 price target on shares of NetScout Systems and gave the stock a “buy” rating in a report on Monday, February 12th. Royal Bank of Canada reaffirmed a “hold” rating on shares of NetScout Systems in a report on Tuesday, January 30th. Finally, DA Davidson downgraded shares of NetScout Systems from a “buy” rating to a “neutral” rating and cut their price target for the stock from $37.00 to $27.00 in a report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $28.50.
In related news, insider John Downing sold 3,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $28.20, for a total value of $84,600.00. Following the completion of the transaction, the insider now owns 47,427 shares of the company’s stock, valued at approximately $1,337,441.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.51% of the stock is owned by corporate 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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