NTCT Stock Recent News

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.

NetScout Systems, Inc. (NASDAQ:NTCT ) Q3 2023 Earnings Conference Call January 26, 2023 8:30 AM ET Company Participants Tony Piazza - Senior Vice President, Corporate Finance Anil Singhal - President & Chief Executive Officer Michael Szabados - Chief Operating Officer Jean Bua - Executive Vice President & Chief Financial Officer Conference Call Participants Matt Hedberg - RBC Capital James Fish - Piper Sandler Kevin Liu - K. Liu & Company Operator Ladies and gentlemen, thank you for standing by, and welcome to NetScout's Third Quarter Fiscal Year 2023 Financial Results Conference Call.

WESTFORD, Mass.--( BUSINESS WIRE )--NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) plans to announce its third-quarter fiscal year 2023 financial results for the period ended December 31, 2022, on Thursday, January 26, 2023, at approximately 7:30 a.m. ET. NETSCOUT will host a corresponding conference call and live webcast on the same day at 8:30 a.m. ET.

NetScout Systems, Inc. (NASDAQ:NTCT ) Q2 2023 Results Conference Call October 27, 2022 8:30 AM ET Company Participants Tony Piazza - Vice president finance and real estate Anil Singhal - President and Chief Executive Officer Michael Szabados - Chief Operating Officer Jean Bua - Executive Vice President and Chief Financial Officer Conference Call Participants Matt Hedberg - RBC James Fish - Piper Sandler Kevin Liu - K. Liu & Company Operator Ladies and gentlemen, thank you for standing by, and welcome to NetScout's Second Quarter Fiscal Year 2023 Financial Results Conference Call.

WESTFORD, Mass.