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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) 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.
NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) announced the appointments of Shannon Nash and Marlene Pelage to its Board of Directors. These appointments aim to enhance the company's financial expertise and strategic direction. Nash, currently CFO at Wing, has a history of leadership in finance and operations, including roles at Reputation.com and UserTesting. Pelage, the Global CFO of IPG Mediabrands, brings experience in managing multi-billion dollar budgets from her time at Charles Schwab. The board now consists of 11 directors, with a focus on diversity and fresh perspectives to support NETSCOUT's mission as cyber guardians.
NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) will announce its third-quarter fiscal 2023 financial results for the period ending December 31, 2022, on January 26, 2023, at approximately 7:30 a.m. ET. A conference call will follow at 8:30 a.m. ET. Investors can listen in by calling (785) 424-1677 (ID: NTCTQ323) or through a live webcast on the company's website. A replay will be available after 12:00 p.m. ET. NETSCOUT specializes in protecting networks from cyberattacks and performance issues.
NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) has launched the DPI Consortium, a non-profit aimed at improving patent quality and reducing frivolous patent claims in Deep Packet Inspection (DPI) technology. This initiative provides innovators with resources like historical research and product data essential for defending against invalid claims. A notable advisory board comprises networking luminaries such as Vint Cerf and Laura Chappell. NETSCOUT, as the founding member, intends to enhance the patent landscape for DPI technologies addressing modern cybersecurity challenges.
NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) has announced the successful interoperability of its Omnis Cyber Intelligence (OCI) with Amazon Security Lake, enhancing network detection and response capabilities. This integration provides comprehensive visibility into cybersecurity across complex hybrid-cloud infrastructures. OCI utilizes advanced deep packet inspection and machine learning to deliver valuable insights into cyber threats. The collaboration aims to improve security performance, helping enterprises manage their digital assets more effectively.
NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) announced its participation in several investor events in November 2022. Key dates include:
- November 15, 2022: 16th Annual Needham Virtual Security, Networking, & Communications Conference (Virtual, 1x1s Only).
- November 16, 2022: RBC Capital Markets Global Technology, Internet, Media & Telecommunications Conference (New York City, Fireside Chat at 8:50 a.m. ET).
- November 30, 2022: Credit Suisse 26th Annual Technology Conference (Scottsdale, AZ, 1x1s Only).
Executives participating include Jean Bua (CFO), Dr. Vikram Saksena (Office of the CTO), and Tony Piazza (SVP, Corporate Finance).
NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) reported strong financial results for Q2 FY2023, with total revenue of $228.1 million, up from $211.9 million in Q2 FY2022. Product revenue increased to $111.8 million, while service revenue rose to $116.3 million. Net income grew to $17.4 million or $0.24 per share, compared to $7.9 million or $0.11 per share last year. The company maintains its FY2023 revenue guidance of $895 million to $925 million. Despite economic challenges, NETSCOUT emphasizes its role in enhancing cybersecurity and service assurance globally.
NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) will announce its second-quarter fiscal year 2023 financial results for the period ending September 30, 2022, on Thursday, October 27, 2022, at 7:30 a.m. ET. A conference call will follow at 8:30 a.m. ET, accessible by phone or live webcast. The call replay will be available post-event. NETSCOUT specializes in advanced network detection and response, serving major enterprises and public sector organizations worldwide, thereby ensuring protection against cyberattacks and performance disruptions.
NETSCOUT SYSTEMS (NASDAQ: NTCT) has validated the integration of its Omnis® Cyber Intelligence (OCI) with Palo Alto Networks Panorama™. This combination enhances enterprise security operations by providing packet-level visibility for threat detection and response. The integration allows for faster remediation of security risks and reduces the need for manual operations. By leveraging advanced technologies, NETSCOUT OCI enables joint customers to efficiently manage network and security challenges across both on-premises and multi-cloud environments.
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