Netscout Systems Inc - NTCT STOCK NEWS

NETSCOUT SYSTEMS (NASDAQ: NTCT) has announced its participation in two major upcoming investor events. The company will attend the RBC Capital Markets Global Technology, Internet, Media, and Telecom (TIMT) Conference in New York on November 20, 2024, featuring a fireside chat at 8:00am ET and one-on-one meetings. Additionally, NETSCOUT will participate in the UBS Global Technology and AI Conference in Scottsdale on December 4, 2024, for one-on-one meetings only. Key executives attending both events include Jean Bua (EVP & CFO), Vikram Saksena (CTO office), and Tony Piazza (Deputy CFO).

NETSCOUT SYSTEMS (NASDAQ: NTCT) announced that its customer NRB successfully protected Belgium's local and provincial elections from cyberattacks on October 13th. NRB utilized NETSCOUT's DDoS protection solutions, including Arbor Cloud and Arbor Edge Defense (AED), to counter potential threats from pro-Russian groups targeting Belgian government sites. The implementation involved preemptive mitigation strategies and continuous monitoring to ensure electoral process security. NRB's cybersecurity team collaborated with NETSCOUT's experts to maintain network and service availability throughout the election period.

NETSCOUT reported Q2 FY2025 financial results with total revenue of $191.1 million, down from $196.8 million in Q2 FY2024. Product revenue was $81.0 million (42% of total), while service revenue was $110.1 million (58%). The company's GAAP income from operations decreased to $14.1 million from $26.3 million year-over-year, with operating margin declining to 7.4% from 13.4%. Non-GAAP income from operations was $44.1 million with a 23.1% margin. NETSCOUT maintains its fiscal year 2025 revenue guidance of $800-830 million and announced a workforce reduction of approximately 145 employees (6.3%) through a Voluntary Separation Program, expecting annual savings of $25 million.

NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) will announce its second-quarter fiscal year 2025 financial results on Thursday, October 24, 2024, at approximately 7:30 a.m. ET. The company will host a conference call and live webcast at 8:30 a.m. ET on the same day. The conference call number is (203) 518-9708, with ID NTCTQ225. A replay will be available after 12:00 p.m. ET for about a week. The live webcast will be accessible on NETSCOUT's investor relations website.

NETSCOUT is a company that protects the connected world from cyberattacks and performance disruptions through its visibility platform and solutions, powered by deep packet inspection technology. It serves large enterprises, service providers, and public sector organizations globally.

NETSCOUT's 1H2024 DDoS Threat Intelligence Report reveals a 43% increase in application-layer attacks and a 30% rise in volumetric attacks, particularly in Europe and the Middle East. Hacktivists are targeting critical infrastructure in banking, financial services, government, and utilities sectors. Key findings include:

1. NoName057(16), a pro-Russia hacktivist group, increased focus on application-layer attacks.
2. Bot-infected devices increased by 50% with the emergence of the Zergeca botnet.
3. Distributed botnet C2 infrastructure using bots as control nodes for more resilient attacks.
4. Over 75% of new networks are involved in DDoS activities within 42 days of coming online.

These sophisticated attacks pose significant threats to global organizations, disrupting vital civilian services and straining networks worldwide. NETSCOUT emphasizes the need for enhanced detection and mitigation strategies to combat evolving threats.

NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) has announced enhancements to its nGenius Enterprise Performance Management solution. The update includes a new notification center that streamlines and automates alerts and contextual workflows for faster problem identification and resolution. The company has also added Secured Reliable Transport (SRT) support for live video streaming and additional SCADA protocols for international utility networks.

The nGeniusONE notification center categorizes alerts for services, applications, servers, and links/locations, providing actionable, real-time details. This enhancement aims to help IT teams deliver better end-user experiences and focus on strategic digital transformation initiatives. NETSCOUT has also incorporated specialized service monitors for SRT and SCADA applications, addressing the growing video streaming market and critical infrastructure needs in power distribution and management.

NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) has announced updates to its Omnis Cyber Intelligence Network Detection and Response (NDR) platform. The enhancements include new MITRE ATT&CK® aligned behavioral analytics to improve early detection of advanced threats like ransomware and unauthorized access attempts. Key updates include:

1. A new security events dashboard aligned with ATT&CK tactics
2. Expanded behavioral analytics for early threat detection
3. Malicious file detection capabilities
4. Host IP address enrichment for accurate threat identification
5. An open integration framework for third-party solutions

These improvements aim to strengthen digital resilience, enhance cybersecurity, and help organizations meet compliance requirements such as the EU's Digital Operational Resilience Act (DORA).

NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) has provided its end-through-end service assurance solutions to the Rural Independent Network Alliance (RINA Wireless) to support mobile control plane and user plane visibility for greater efficiency. The solutions help RINA Wireless's mobile carrier service providers (CSPs) evolve their networks to deliver higher data speeds, lower latency, and increased capacity for an exceptional customer experience.

RINA Wireless, comprising 26 independent CSPs across 17 markets, utilizes NETSCOUT's solutions to quickly identify and resolve network challenges, reducing total cost of ownership and enabling more effective competition. The solutions provide proactive monitoring for LTE, VoLTE, VoWi-Fi, and overall performance, offering real-time visibility and insights that enable carriers to reduce troubleshooting costs and deliver better customer service.

NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) has announced a new initiative to deliver high-quality AI-ready data for enhancing AI and AIOps solutions. The company's Omnis™ AI Insights provides actionable network telemetry data to support critical AI use cases across various sectors. NETSCOUT's solution aims to address the need for high-fidelity, enriched, and curated data mapped to unique enterprise requirements.

The company is collaborating with partners like Cisco, Palo Alto Networks, ServiceNow, and Splunk to integrate its data and deliver insights for better business outcomes. NETSCOUT's approach involves generating granular telemetry at scale and curating it into targeted feeds, which can be easily ingested into data lakes and AIOps platforms for analytics and visualization.