Welcome to our dedicated page for Netscout Systems news (Ticker: NTCT), a resource for investors and traders seeking the latest updates and insights on Netscout Systems stock.
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 launched the nGeniusEDGE Server, a plug-and-play solution designed to enhance IT visibility in remote work settings. This tool combines insights from nGeniusONE and nGeniusPULSE to detect performance issues swiftly, significantly benefiting businesses embracing hybrid work models. A study found that over 42% of companies plan to support hybrid environments, underscoring the need for robust IT solutions. The nGeniusEDGE Server is pre-configured for quick deployment, ensuring a seamless experience for remote workers.
NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) reported strong financial performance for Q3 FY2022, with revenue reaching $262.2 million, a 14% increase year-over-year. The company achieved substantial growth in both GAAP and non-GAAP diluted EPS, exceeding revenue growth rates. NETSCOUT raised its full-year outlook, anticipating GAAP revenue between $850 million and $855 million, and non-GAAP EPS in the range of $1.75 to $1.78. Notably, service revenue was $117.8 million, and product backlog was approximately $30 million, despite projections of lower product revenue in Q4 due to customer order acceleration.
NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) will announce its third-quarter fiscal year 2022 financial results, covering the period ended December 31, 2021, on Thursday, January 27, 2022, at 7:30 a.m. ET. A conference call will follow at 8:30 a.m. ET, accessible via (785) 424-1667, with an ID of NTCTQ322. The replay will be available post-12:00 p.m. ET on the same day. NETSCOUT specializes in ensuring digital business services against security and performance disruptions through its advanced technology solutions.
NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) has partnered with Southern Linc to enhance the service assurance visibility of their private 4G LTE network, designed for critical communications in the energy sector. NETSCOUT's deployment of advanced solutions like nGeniusONE and InfiniStreamNG probes aims to improve the reliability and security of Southern Linc's services. The collaboration supports Southern Company's subsidiaries by providing real-time data on grid performance, effectively minimizing power outages and ensuring efficient operations. This initiative underscores NETSCOUT's commitment to bolstering network resilience.
NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) announced its collaboration with Amazon Web Services (AWS) to assist ENGIE IT in migrating workloads to the cloud. This partnership enhances visibility and service assurance through NETSCOUT's technology, ensuring high service performance standards. Notably, the AWS Gateway Load Balancer facilitates this integration, providing deep packet inspection and improved network visibility. NETSCOUT's achievements in AWS Network Competency and AWS Migration Competency highlight its expertise in secure cloud migrations.
NETSCOUT (NASDAQ: NTCT) has launched a new integration between its nGeniusONE service assurance solution and ServiceNow IT Operations Management (ITOM). This integration enhances service triage and reduces time spent on service tickets by allowing users to generate alerts and queries in real-time. Key features include an Early Warning System for network visibility and integrated troubleshooting capabilities that enable rapid identification of service issues. This integration aims to improve operational efficiency and provide actionable insights for users.
NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) has unveiled new unified communications-as-a-service (UCaaS) capabilities for its Smart Edge Monitoring solution, aimed at optimizing employee experiences in remote and hybrid work environments. These capabilities enable early detection of performance issues across diverse networks and UCaaS platforms like Zoom, Cisco Webex, and Microsoft Teams. According to research, 93% of enterprises have increased UC&C platform use during the pandemic, resulting in a surge of helpdesk tickets related to communication problems.
NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) released research indicating that over 93% of enterprises increased their use of unified communications and collaboration (UC&C) platforms since the COVID-19 pandemic. However, this surge has led to a rise in IT helpdesk requests, with 43% of organizations reporting over half of their tickets related to UC&C issues. Major concerns include technical challenges affecting employee productivity. IT leaders prefer Microsoft Teams (42%) as their UC&C platform, while 86% plan to consolidate tools used in the next year.
NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) announced its achievement of the AWS Migration & Modernization Competency status, recognizing its technical proficiency in aiding customers with application migration and modernization on AWS. This designation aligns NETSCOUT as a premier AWS Partner, showcasing its capabilities in optimizing operational costs and enhancing application performance. The recognition facilitates NETSCOUT's support for enterprise cloud deployments while ensuring business continuity.
FAQ
What is the current stock price of Netscout Systems (NTCT)?
What is the market cap of Netscout Systems (NTCT)?
What does NetScout Systems Inc specialize in?
What is Adaptive Service Intelligence (ASI) technology?
How does NetScout Systems Inc generate revenue?
Which regions contribute to NetScout's revenue?
What are the main applications of NetScout's solutions?
Who are the primary customers of NetScout Systems Inc?
What are the benefits of using NetScout's solutions?
How does NetScout ensure business continuity for its clients?
What recent achievements has NetScout made?
What is the significance of NetScout's solutions in today’s connected world?
