Netscout Systems Inc - NTCT STOCK NEWS

NETSCOUT SYSTEMS, INC (NASDAQ: NTCT) has announced compelling findings from a Forrester Consulting Total Economic Impact study on its nGenius® Enterprise Performance Management solution. The study indicates a remarkable ROI of 234% over three years, translating to $6.94 million in benefits with a net present value of $4.86 million. Customers experienced a significant decrease of over 80% in person-hours spent on incident management. Furthermore, the solution contributed to a 7.5% increase in revenue productivity among customer-facing agents and showcased a payback period of under six months. These insights underscore the strategic importance of real-time application performance monitoring in reducing downtime and enhancing operational efficiency.

NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) is set to announce its financial results for the fourth quarter and full fiscal year 2023, ending March 31, 2023, on May 4, 2023, at 7:30 a.m. ET. A conference call will follow at 8:30 a.m. ET, where results will be discussed. Investors can access a live webcast on the company's website. NETSCOUT specializes in cybersecurity and performance solutions, leveraging deep packet inspection technology. They provide services to major enterprises, service providers, and public sector organizations globally.

NETSCOUT SYSTEMS (NASDAQ: NTCT) has enhanced its nGenius® Enterprise Performance Management solution to support over 1,000 applications, integrating with F5 technologies for automated monitoring of custom applications. This advancement aims to eliminate blind spots at the packet level, improving application performance and security.

The custom application market is projected to grow by $38.15 billion (CAGR 8.5%) from 2021 to 2026, indicating strong demand for these solutions. As enterprises increasingly adopt advanced technologies, NETSCOUT is positioned to capitalize on this trend, ensuring optimal application performance vital for revenue and compliance.

NETSCOUT SYSTEMS (NASDAQ: NTCT) has expanded its DDoS protection services by launching a new presence in Dubai, enhancing its Arbor Cloud attack mitigation scrubbing centers to 15 globally with a capacity of 15 Tbps. This strategic move allows regional enterprises and ISPs to mitigate DDoS attacks with decreased latency, ensuring a faster response to threats. Arbor Cloud, part of NETSCOUT's Adaptive DDoS Defense, offers automated and managed DDoS mitigation solutions, bolstered by the expertise of the ASERT team. The updated web portal now includes single sign-on authentication, reflecting the company's commitment to security and efficiency.

NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) has published findings from its annual survey of IT decision-makers, revealing a significant shift in the use of unified communication and collaboration (UC&C) platforms in post-pandemic hybrid work environments. 69% of surveyed organizations increased their UC&C tools, with 75% planning further support over the next year. The survey indicated that 60% consider these platforms critical, a notable rise from last year. However, only 23% utilize independent tools for monitoring remote worker experience, signaling potential gaps in performance management.

NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) reported solid financial performance for the third quarter of fiscal year 2023, with total revenue reaching $269.5 million, up from $262.2 million year-over-year. Product revenue was $149.5 million, while service revenue was $120.1 million. Net income stood at $52.6 million or $0.72 per share, compared to $47.7 million or $0.64 per share in Q3 FY22. The company has narrowed its revenue guidance for FY23 to $905 million to $915 million and increased its EPS outlook. Despite a decrease in cash reserves to $416.2 million, NETSCOUT remains optimistic about its strategic positioning in cybersecurity and digital performance solutions.