The Somewhat Positive News Coverage Likely to Affect NetScout Systems (NTCT) Stock Price

The Somewhat Positive News Coverage Likely to Affect NetScout Systems (NTCT) Stock Price

These are some of the headlines that may have effected AlphaOne Sentiment Analysis’s scoring:

News articles about NetScout Systems (NASDAQ:NTCT) have trended somewhat positive this week, Alpha One Sentiment reports. The research group, a unit of Accern, rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NetScout Systems earned a daily sentiment score of 0.23 on Alpha One’s scale. Alpha One also gave media coverage about the technology company an impact score of 66 out of 100, indicating that recent news coverage is likely to have an impact on the company’s share price in the near future.

NetScout Systems (NASDAQ NTCT) opened at 37.65 on Monday. NetScout Systems has a 12-month low of $20.99 and a 12-month high of $38.48. The stock has a market cap of $3.45 billion, a P/E ratio of 104.58 and a beta of 1.43. The stock has a 50 day moving average price of $36.04 and a 200-day moving average price of $34.92. NetScout Systems (NASDAQ:NTCT) last issued its quarterly earnings data on Thursday, May 4th. The technology company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.10. NetScout Systems had a net margin of 0.65% and a return on equity of 5.54%. The business had revenue of $318.92 million for the quarter, compared to analyst estimates of $327.10 million. During the same period last year, the business posted $0.44 earnings per share. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. On average, equities analysts expect that NetScout Systems will post $2.00 earnings per share for the current year.

NTCT has been the topic of a number of recent research reports. Zacks Investment Research downgraded NetScout Systems from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th. B. Riley reiterated a “buy” rating and issued a $45.00 price objective on shares of NetScout Systems in a report on Wednesday, February 22nd. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $36.50. In other NetScout Systems news, COO Michael Szabados sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $34.73, for a total value of $173,650.00. Following the completion of the sale, the chief operating officer now owns 38,257 shares of the company’s stock, valued at approximately $1,328,665.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Downing sold 1,000 shares of the business’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $34.60, for a total transaction of $34,600.00. Following the completion of the sale, the insider now directly owns 112,215 shares of the company’s stock, valued at approximately $3,882,639. The disclosure for this sale can be found here. Insiders sold a total of 11,400 shares of company stock worth $402,002 over the last quarter. Company insiders own 3.30% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:NTCT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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