Somewhat Negative Press Coverage Likely to Affect NetScout Systems (NTCT) Share Price

Somewhat Negative Press Coverage Likely to Affect NetScout Systems (NTCT) Share Price

Headlines about NetScout Systems (NASDAQ:NTCT) have trended somewhat negative recently, Alpha One Sentiment reports. The research group, a service of Accern, scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. NetScout Systems earned a media sentiment score of -0.03 on Alpha One’s scale. Alpha One also assigned news headlines about the technology company an impact score of 68 out of 100, indicating that recent media coverage is likely to have an effect on the stock’s share price in the near future.

These are some of the news headlines that may have effected AlphaOne’s analysis:

A number of analysts recently weighed in on NTCT shares. Zacks Investment Research upgraded shares of NetScout Systems from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Wednesday, April 5th. B. Riley reiterated a “buy” rating and issued a $45.00 price target on shares of NetScout Systems in a research note on Wednesday, February 22nd. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. NetScout Systems currently has an average rating of “Hold” and a consensus target price of $36.50.

Shares of NetScout Systems (NASDAQ:NTCT) traded up 0.80% during trading on Friday, reaching $37.65. 981,861 shares of the company’s stock traded hands. The stock has a market capitalization of $3.45 billion, a PE ratio of 104.58 and a beta of 1.43. The company has a 50 day moving average price of $36.04 and a 200 day moving average price of $34.92. NetScout Systems has a 1-year low of $20.99 and a 1-year high of $38.48.

NetScout Systems (NASDAQ:NTCT) last announced its earnings results on Thursday, May 4th. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.10. NetScout Systems had a return on equity of 5.54% and a net margin of 0.65%. The company had revenue of $318.92 million for the quarter, compared to analyst estimates of $327.10 million. During the same period in the prior year, the company posted $0.44 EPS. NetScout Systems’s quarterly revenue was up 11.6% on a year-over-year basis. On average, equities analysts forecast that NetScout Systems will post $2.00 EPS for the current fiscal year.

In other NetScout Systems news, Director Victor Demarines sold 5,400 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $35.88, for a total value of $193,752.00. Following the transaction, the director now directly owns 17,732 shares of the company’s stock, valued at approximately $636,224.16. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John Downing sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $34.60, for a total value of $34,600.00. Following the completion of the transaction, the insider now directly owns 112,215 shares in the company, valued at $3,882,639. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,400 shares of company stock worth $402,002. 3.30% of the stock is currently owned by corporate insiders.

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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