Media stories about Mercury Systems (NASDAQ:MRCY) have trended somewhat positive recently, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news 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. Mercury Systems earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 45 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Mercury Systems Inc (NASDAQ:MRCY) Stock Closed Significantly Above Its 50 Day Average (highlightpress.com)
- Mercury Systems Receives Premier Supplier Excellence Program Award from Raytheon (finance.yahoo.com)
- Zacks: Brokerages Anticipate Mercury Systems Inc (MRCY) Will Announce Quarterly Sales of $115.22 Million (americanbankingnews.com)
- Mercury Systems Announces Unique Ruggedization Technology for New Intel Xeon Processor Scalable Family (finance.yahoo.com)
- Mercury Systems Inc (NASDAQ:MRCY) Given Consensus Recommendation of “Buy” by Analysts (americanbankingnews.com)
Several analysts have recently commented on the stock. Jefferies Group LLC reissued a “hold” rating and set a $43.00 price target on shares of Mercury Systems in a research note on Friday, July 7th. Zacks Investment Research cut shares of Mercury Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Noble Financial reissued a “hold” rating on shares of Mercury Systems in a research note on Thursday, April 27th. Finally, BidaskClub raised shares of Mercury Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $42.67.
Mercury Systems (NASDAQ:MRCY) traded up 0.52% during mid-day trading on Friday, hitting $44.41. 230,746 shares of the stock traded hands. The stock has a market capitalization of $2.13 billion, a PE ratio of 76.70 and a beta of 0.38. The company has a 50 day moving average price of $39.54 and a 200-day moving average price of $36.74. Mercury Systems has a one year low of $21.52 and a one year high of $44.92.
Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Tuesday, April 25th. The technology company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.02. The business had revenue of $107.30 million during the quarter, compared to analysts’ expectations of $105.54 million. Mercury Systems had a net margin of 6.48% and a return on equity of 4.58%. The firm’s quarterly revenue was up 62.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.25 EPS. Equities analysts anticipate that Mercury Systems will post $1.10 earnings per share for the current fiscal year.
In other Mercury Systems news, Director Michael A. Daniels bought 2,683 shares of Mercury Systems stock in a transaction on Friday, April 28th. The shares were purchased at an average cost of $37.31 per share, with a total value of $100,102.73. Following the acquisition, the director now directly owns 60,096 shares of the company’s stock, valued at approximately $2,242,181.76. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark Aslett sold 9,400 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $38.04, for a total transaction of $357,576.00. Following the sale, the insider now directly owns 538,249 shares in the company, valued at $20,474,991.96. The disclosure for this sale can be found here. Insiders have sold a total of 68,200 shares of company stock worth $2,719,188 over the last three months. Insiders own 4.30% of the company’s stock.
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Mercury Systems Company Profile
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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