NetScout Systems (NTCT) Getting Somewhat Positive Press Coverage, Report Shows

News articles about NetScout Systems (NASDAQ:NTCT) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. NetScout Systems earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 46.2407179521177 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

NetScout Systems (NASDAQ NTCT) traded up $0.25 during trading on Monday, reaching $31.55. 569,800 shares of the company’s stock traded hands, compared to its average volume of 795,838. The stock has a market cap of $2,770.00, a PE ratio of 175.28, a price-to-earnings-growth ratio of 1.87 and a beta of 1.59. 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 has a 12 month low of $27.65 and a 12 month high of $38.47.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings data on Thursday, October 26th. The technology company reported $0.29 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $256.90 million during the quarter, compared to analysts’ expectations of $251.13 million. During the same period in the previous year, the company earned $0.39 EPS. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. research 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 authorized a stock repurchase program on Thursday, October 26th that allows the company to repurchase 25,000,000 shares. This repurchase authorization allows the technology company to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

A number of equities analysts recently commented on the stock. Royal Bank of Canada reaffirmed a “hold” rating and set a $35.00 price target on shares of NetScout Systems in a research note on Tuesday, October 10th. B. Riley reaffirmed a “buy” rating and set a $36.00 price target on shares of NetScout Systems in a research note on Friday, October 27th. Craig Hallum dropped their price target on shares of NetScout Systems from $30.00 to $28.00 and set a “hold” rating for the company in a research note on Thursday, October 26th. Zacks Investment Research raised shares of NetScout Systems from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Thursday, October 26th. Finally, KeyCorp reaffirmed a “hold” rating on shares of NetScout Systems in a research note on Wednesday, October 11th. Two equities 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. The company presently has a consensus rating of “Hold” and an average target price of $33.20.

In related news, 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 transaction of $84,510.00. Following the completion of the transaction, the executive vice president now owns 88,821 shares in the company, valued at approximately $2,502,087.57. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $140,950.00. Following the transaction, the insider now owns 43,424 shares of the company’s stock, valued at approximately $1,224,122.56. The disclosure for this sale can be found here. 3.51% of the stock is currently 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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