Netscout Systems Inc - NTCT STOCK NEWS

NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) reported its third-quarter fiscal 2021 results, revealing total revenue of $228.7 million, down from $260.0 million year-over-year. Product revenue declined to $115.0 million, while service revenue was $113.8 million. The company’s net income was $29.0 million, or $0.39 per share (GAAP), compared to $36.7 million, or $0.49 per share, in the prior year. NETSCOUT raised its fiscal year 2021 earnings outlook, projecting revenue between $825 million and $840 million, with diluted EPS expected between $0.21 and $0.28.

NETSCOUT SYSTEMS (NASDAQ: NTCT) will announce its third-quarter fiscal year 2021 financial results on January 28, 2021, at 7:30 a.m. ET. The results will cover the period ending December 31, 2020. A conference call will follow at 8:30 a.m. ET, accessible at (785) 424-1667 with ID NTCTQ321. A replay will be available post-call. NETSCOUT specializes in protecting digital business services with its smart data technology, offering solutions for service assurance and security against DDoS attacks.

NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) has expanded its Smart Perimeter Protection to AWS, integrating Cyber Investigator and CyberStream software with new AWS packet access services. This solution enhances cost-efficiency and cybersecurity as enterprises migrate to the cloud, utilizing packet data for rapid root cause analysis. Collaboration with AWS includes Gateway Load Balancer, enabling efficient traffic management within cloud environments. NETSCOUT aims to provide consistent visibility and control for applications regardless of their hosting location, evidenced by enhanced security forensics capabilities.

NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) has partnered with Tech Goes Home (TGH) to provide digital devices, internet access, and training to over 160 households in Roxbury. Sponsored by a generous grant, NETSCOUT will support virtual TGH courses at Boston Central Adult High School and Vine Street Community Center. Each participant receives a free computer, essential digital skills training, and free internet service for a year. This initiative aims to bridge the digital divide exacerbated by the COVID-19 pandemic, offering critical resources for job applications, financial management, and telehealth access.

NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) has extended its long-term partnership with Vodafone through an exclusive, multi-year agreement. This collaboration will utilize NETSCOUT’s InfiniStreamNG platform to enhance real-time visibility across Vodafone’s hybrid environment, including virtual and 5G networks across 13 European countries. The deal aims to improve performance management and troubleshooting, assisting Vodafone in delivering superior customer experiences as it continues to expand its services throughout Europe.

NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) has released survey findings indicating a significant increase in the use of unified communications and collaboration (UC&C) solutions due to the rise of remote work during the pandemic. Key insights reveal that 97% of IT decision-makers see UC&C platforms as critical, while 85% plan to enhance their existing solutions. However, 73% report challenges, including issues related to cybersecurity and network visibility, with a noted increase in IT helpdesk calls and user frustration. The findings underscore the importance of network analytics in ensuring effective remote work.

NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) will participate in the RBC Global Technology, Internet, Media, and Telecommunications Conference on November 18, 2020. The event will be held virtually, featuring a Fireside Chat with Anil Singhal, NETSCOUT's CEO, from 10:55 AM to 11:25 AM ET. The conference allows for additional one-on-one meetings with executives including Jean Bua, EVP and CFO, and Dr. Vikram Saksena. NETSCOUT focuses on service assurance, security, and analytics to ensure digital business performance and security.

NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) reported Q2 FY21 revenue of $205.3 million, down from $216.4 million a year earlier. Product revenue fell to $92.0 million, 45% of total revenue, compared to $102.8 million in Q2 FY20. Service revenue remained stable at approximately 55%. Despite a GAAP net loss of $3.7 million, non-GAAP net income grew to $28.2 million, or $0.38 per share. The company expects mid-to-upper single-digit revenue decline for FY21 due to COVID-19 impacts. NETSCOUT maintains a strong cash position of $427.8 million as of September 30, 2020.

NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) is set to announce its second-quarter fiscal year 2021 financial results for the period ending September 30, 2020, on October 29, 2020, at 7:30 a.m. ET. A conference call will follow at 8:30 a.m. ET, available via a dedicated number or webcast. NETSCOUT provides digital business services assurance against performance and security disruptions, leveraging patented smart data technology and analytics. The company focuses on service assurance solutions and security against DDoS attacks, helping organizations enhance service and application performance.