News headlines about NetScout Systems (NASDAQ:NTCT) have been trending somewhat positive on Wednesday, 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 coverage optimism score of 0.06 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 46.4044818884124 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news headlines that may have impacted Accern’s analysis:
- 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)
- BidaskClub Lowers NetScout Systems (NTCT) to Strong Sell (americanbankingnews.com)
- DA Davidson Weighs in on NetScout Systems, Inc.’s Q1 2020 Earnings (NTCT) (americanbankingnews.com)
Several equities research analysts recently weighed in on NTCT shares. Zacks Investment Research upgraded NetScout Systems from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Thursday, October 26th. B. Riley restated a “buy” rating and set a $36.00 target price on shares of NetScout Systems in a research note on Friday, October 27th. Piper Jaffray Companies set a $30.00 target price on NetScout Systems and gave the stock a “buy” rating in a research note on Thursday, January 11th. Craig Hallum decreased their target price on NetScout Systems from $30.00 to $28.00 and set a “hold” rating for the company in a research note on Thursday, October 26th. Finally, KeyCorp restated a “hold” rating on shares of NetScout Systems in a research note on Wednesday, October 11th. Two investment 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’s stock. NetScout Systems currently has an average rating of “Hold” and a consensus price target of $29.67.
NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings data on Thursday, October 26th. The technology company reported $0.29 earnings per share for the quarter, beating the Zacks’ 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 during the quarter, compared to analysts’ expectations of $251.13 million. During the same quarter in the previous year, the business earned $0.39 earnings per share. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. analysts forecast that NetScout Systems will post 1.48 EPS for the current year.
NetScout Systems announced that its Board of Directors has authorized a share buyback plan on Thursday, October 26th that permits the company to repurchase 25,000,000 shares. This repurchase authorization permits the technology company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
In other NetScout Systems news, insider Michael Szabados sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was 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 owns 43,424 shares in the company, valued at $1,224,122.56. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John Downing sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $28.17, for a total value of $84,510.00. Following the completion of the sale, the executive vice president now owns 88,821 shares of the company’s stock, valued at approximately $2,502,087.57. The disclosure for this sale can be found here. 3.51% of the stock is currently owned by insiders.
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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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