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NetScout Systems Inc. (Symbol: NTCT) is a leading provider of business assurance solutions, encompassing service assurance, cybersecurity, and business intelligence for the most demanding service provider, enterprise, and government networks. With their proprietary Adaptive Service Intelligence (ASI) technology, NetScout continuously monitors service delivery environments to identify performance issues and network-based security threats.
NetScout’s comprehensive solutions offer real-time and historical data, enabling organizations to understand and restore service quality, thus minimizing business disruptions and enhancing user experience. They deliver unmatched service visibility crucial for protecting the digital infrastructure that our connected world relies on.
The company generates revenue from the sale of network management tools and security solutions. It operates across various geographical regions, including the USA, which is its primary revenue source, followed by Europe, Asia, and the Rest of the World.
Recent achievements and ongoing projects underscore NetScout’s commitment to innovation and excellence in network performance and security. Their solutions are pivotal in ensuring seamless delivery and robust security for complex networks.
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.
NETSCOUT SYSTEMS (NASDAQ: NTCT) reported Q1 FY2025 financial results:
- Total revenue: $174.6 million, down from $211.1 million in Q1 FY2024
- GAAP net loss: $443.4 million ($6.20 per share), including $427.0 million goodwill impairment
- Non-GAAP net income: $20.6 million ($0.28 per share)
- Cash and investments: $407.2 million as of June 30, 2024
Key points:
- Extended multi-year enterprise license agreement with Tier-1 North American service provider
- Initiated Voluntary Separation Program, reducing workforce by ~6.5%
- FY2025 outlook: Revenue $800-$830 million, Non-GAAP EPS $2.10-$2.30
- Expanded Arbor Cloud DDoS attack mitigation network to 16 scrubbing centers
NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) has introduced its new suite of Business Edge Observability products, including the nGenius Edge Sensor and Remote InfiniStreamNG solutions. These offerings aim to deliver comprehensive IT observability for remote locations at the digital edge, addressing the growing need for proactive, deep-dive visibility in mission-critical applications and services at remote sites.
The new solutions combine NETSCOUT's patented Adaptive Services Intelligence® (ASI) technology with synthetic testing and automatic decryption to provide comprehensive visibility that scales to any essential business edge. This approach helps reduce troubleshooting time and resolve issues more efficiently, particularly in industries where application availability is crucial, such as healthcare, retail, manufacturing, and finance.
NETSCOUT SYSTEMS plans to release its Q1 FY'25 financial results on July 25, 2024, at 7:30 a.m. ET. The results will cover the period ended June 30, 2024. A conference call and live webcast will be hosted at 8:30 a.m. ET the same day. Interested parties can join the call by dialing (203) 518-9708 with the ID NTCTQ125. A replay will be available after 12:00 p.m. ET on July 25th, accessible at (800) 695-2122 for U.S./Canada and (402) 530-9027 for international callers.
NETSCOUT provides security and performance solutions through its unique visibility platform leveraging deep packet inspection technology. The company serves large enterprises, service providers, and public sector organizations globally.
NETSCOUT, a leader in performance management, cybersecurity, and DDoS protection solutions, has expanded its Arbor Cloud DDoS mitigation network by adding a new scrubbing center in Toronto, Canada. This expansion increases NETSCOUT's global dedicated attack capacity to over 15 terabits per second (Tbps) across 16 centers. The Toronto facility will enable faster mitigation and redirection of DDoS attack traffic for Canadian businesses, ensuring lower latency and compliance with local data sovereignty regulations. In the latter half of 2023, Canada saw over 130,000 DDoS attacks targeting various sectors such as financial services and healthcare. Arbor Cloud enhances on-premises DDoS defenses with cloud-based traffic scrubbing, integrated via automated cloud signaling for protection against complex attacks. It leverages NETSCOUT's ATLAS Intelligence Feed and ASERT experts for robust DDoS threat mitigation.
NETSCOUT Systems (NASDAQ: NTCT) announces a multi-year agreement with Vodafone to enhance network monitoring and performance across Vodafone's hybrid and 5G Standalone environments. Utilizing NETSCOUT's InfinistreamNG, Vodafone gains real-time, end-to-end visibility of its physical and virtual networks, facilitating improved analysis of packet data. This partnership aims to bolster service offerings and customer experience through advanced performance management and cybersecurity solutions. Key executives from both firms highlighted the value of this collaboration in driving next-generation telecommunications infrastructure.
NETSCOUT SYSTEMS, a leading provider of performance management, cybersecurity, and DDoS protection solutions, announced its participation in upcoming investor events, including the 19th Annual Needham Technology, Media, & Consumer Conference and Mizuho Technology Conference 2024. Executives include Tony Piazza, Vikram Saksena, and Sean K.F. Hannan. NETSCOUT serves enterprises, service providers, and public sector organizations with its visibility platform and deep packet inspection technology.
NETSCOUT reported its fourth-quarter and full fiscal year 2024 financial results, highlighting strong growth in Cybersecurity revenue. However, constrained customer spending impacted Service Assurance offerings, leading to a net loss per share for the fiscal year due to non-cash goodwill impairment charges. Looking ahead to fiscal year 2025, the company anticipates flat to slightly down revenue due to headwinds in the domestic service provider vertical. Despite challenges, NETSCOUT aims to enhance its focus on Cybersecurity and align its cost structure to drive long-term success.
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