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NetScout (NTCT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
NetScout Systems stock dropped sharply Tuesday on a disappointing preannouncement, leading its industry group lower.
NetScout Systems' preliminary Q2 results came in weaker than the market anticipated. The company also slashed its full-year sales and earnings targets.
NetScout Systems Inc (NASDAQ:NTCT) slumped 20% in overnight trading as the cyber security specialist warned orders were not translating into sales. As a result, full-year earnings are expected to be lower than previously guided at between US$2-2.20 per share with revenues now forecast at US$840-860 million.
NetScout Systems slumped 20% in overnight trading as the cyber security specialist warned orders were not translating into sales. As a result, full-year earnings are expected to be lower than previously guided at between US$2-2.20 per share with revenues now forecast at US$840-860m.
NetScout Systems Inc. NTCT shares fell in the extended session Monday after the cybersecurity company cut its outlook for the year, citing slower order conversions. NetScout shares dropped more than 20% after hours, following a 3.5% rise to close the regular session at $27.59.
The consensus earnings estimates for NetScout Systems in subsequent quarters and the current fiscal year have been revised upwards in recent times. But NetScout's valuations aren't deemed to be appealing, given that the consensus price target for the stock implies a modest upside of +14%. NetScout's shares continue to be rated as a Hold; the improvement in NTCT's short-term prospects isn't sufficient to justify a Buy call for the stock.
The Zacks Computer - Networking industry players like EXTR, NTCT and NTGR are poised to benefit from the accelerated 5G deployment and the increasing demand for network security solutions.
NetScout provides digital security systems so that clients can protect their online businesses against possible disruptions. I would highlight the recent increase in revenue in the United States. Quarterly revenue increased by 11% q/q.
Wall Street loved the latest operating update by the management team.