NetScout Systems (NTCT) Receives Coverage Optimism Rating of 0.13

Media stories about NetScout Systems (NASDAQ:NTCT) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. NetScout Systems earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.0105643887738 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

NTCT has been the subject of several analyst reports. Royal Bank Of Canada reissued a “hold” rating on shares of NetScout Systems in a research note on Thursday, July 20th. Zacks Investment Research upgraded shares of NetScout Systems from a “sell” rating to a “hold” rating in a report on Friday, September 1st. B. Riley restated a “buy” rating and issued a $44.00 price objective on shares of NetScout Systems in a report on Wednesday, August 2nd. BidaskClub lowered shares of NetScout Systems from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, KeyCorp restated 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 given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $33.00.

NetScout Systems (NASDAQ:NTCT) traded down $0.10 during trading on Friday, reaching $28.55. 202,088 shares of the company’s stock were exchanged, compared to its average volume of 751,594. The firm has a market cap of $2,535.80, a price-to-earnings ratio of 22.05, a PEG ratio of 1.74 and a beta of 1.57. NetScout Systems has a 12 month low of $27.65 and a 12 month high of $38.47. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.51 and a current ratio of 1.60.

NetScout Systems (NASDAQ:NTCT) last released its earnings results on Thursday, October 26th. The technology company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.03. The company had revenue of $256.90 million for the quarter, compared to analyst estimates of $251.13 million. NetScout Systems had a net margin of 1.52% and a return on equity of 5.15%. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 EPS. analysts predict that NetScout Systems will post 1.59 EPS for the current year.

NetScout Systems announced that its board has initiated a share buyback program on Thursday, October 26th that allows the company to buyback 25,000,000 outstanding shares. This buyback authorization allows the technology company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

In other news, insider Michael Szabados sold 5,000 shares of the firm’s 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 sale, the insider now directly owns 43,424 shares in the company, valued at approximately $1,224,122.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Downing sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were 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 owns 88,821 shares in the company, valued at $2,502,087.57. The disclosure for this sale can be found here. 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.

Insider Buying and Selling by Quarter for NetScout Systems (NASDAQ:NTCT)

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