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Netscout Systems Inc - NTCT STOCK NEWS

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.

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NETSCOUT SYSTEMS (NASDAQ: NTCT) announced enhanced security for AWS customers through its Omnis Cyber Intelligence (OCI) integration with AWS Security Hub. This integration allows for improved visibility of cybersecurity threats during workload migration to AWS, detecting suspicious activities in real-time. OCI’s capabilities include preventing infections, stopping future attacks, and facilitating investigations of compromised assets. NETSCOUT’s partnership with AWS emphasizes its commitment to evolving cloud security, helping enterprises strengthen their security posture in increasingly complex infrastructures.

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NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) announced its participation in several upcoming investor events. On November 16, 2021, the company will engage in the 2nd Annual Needham Virtual Tech Week Conference through 1x1 meetings. The next day, November 17, NETSCOUT will join the RBC Capital Markets Global Technology, Internet, Media & Telecom Conference, featuring a fireside chat at 11:35 a.m. ET and 1x1 meetings. Lastly, on December 1, NETSCOUT will participate in the Credit Suisse 25th Annual Technology Conference in Scottsdale, AZ, also with 1x1 sessions.

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NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) reported its Q2 FY22 financial results, highlighting a total revenue of $211.9 million, up from $205.3 million year-over-year. Product revenue increased to $101.6 million, while service revenue declined slightly to $110.3 million. Net income was $7.9 million ($0.11 per diluted share), reversing a loss from the prior year. The company announced an outlook of $835 million to $865 million in revenue for the fiscal year. New product offerings, including Omnis Cyber Intelligence, are also positioned to enhance growth.

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NETSCOUT SYSTEMS (NASDAQ: NTCT) has launched Omnis Cyber Intelligence (OCI), an innovative network security software solution designed to enhance cybersecurity capabilities. This solution identifies suspicious activities in real-time, allowing for early threat detection and reducing the risk of future attacks. OCI integrates smoothly with existing security ecosystems and optimizes the effectiveness of deployed defenses. As cyberattacks rise, this launch aims to empower IT security teams with actionable intelligence, enhancing their response to growing threats.

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NETSCOUT SYSTEMS (NASDAQ: NTCT) announced its new Visibility as a Service (VaaS), offering 24/7 IT monitoring and problem-solving. This service utilizes NETSCOUT's nGenius® solutions to assist corporate and government IT organizations worldwide, addressing challenges exacerbated by digital transformation and remote work trends. The global managed services market is projected to grow at a CAGR of 7.9%, reaching $354.8 billion by 2026. VaaS enhances IT efficiency and delivers proactive reporting and monitoring to improve end-user experiences.

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NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) is set to release its second-quarter fiscal year 2022 financial results on November 4, 2021, at 7:30 a.m. ET. This announcement follows the period ending September 30, 2021. A conference call will occur at 8:30 a.m. ET, with a replay available post-event. The company specializes in ensuring digital business services' security and performance, leveraging patented technology for threat detection and mitigation. Investors can access further details on NETSCOUT's official website.

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NETSCOUT SYSTEMS (NASDAQ: NTCT) and Palo Alto Networks (NYSE: PANW) have announced the integration of their cybersecurity solutions, enhancing security operations for security operations centers (SOCs). With this collaboration, customers can better detect and mitigate security threats in hybrid environments, reducing operating expenses and increasing efficiency. Leveraging Cortex XSOAR alongside NETSCOUT's Arbor technology, the partnership aims to streamline threat operations and improve security posture with fewer false positives.

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NETSCOUT SYSTEMS (NASDAQ: NTCT) announced a collaboration with NTT Communications to enhance cybersecurity measures against DDoS attacks in Japan. The initiative, commencing in September 2021 and running until December 2021, involves NETSCOUT's ATLAS Security Engineering & Response Team working closely with NTT Com's technical team. The project aims to detect, analyze, and prevent cyberattacks while leveraging AI to predict future threats. This partnership reflects the growing need for robust cybersecurity solutions amid a rise in volumetric DDoS attacks, with notable attacks recorded reaching up to 1.7 Tbps.

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NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) announced its participation in two upcoming investor events: Lake Street’s 5th Annual Best Ideas Growth Conference on September 14, 2021, and the Jefferies Software Conference on September 15, 2021. Both events are virtual and consist of one-on-one meetings. Executives attending include Jean Bua (EVP and CFO), Darren Anstee (Security CTO), and Vikram Saksena (Office of the CTO). NETSCOUT continues to provide cybersecurity, service assurance, and analytics solutions, enhancing digital service security and performance.

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FAQ

What is the current stock price of Netscout Systems (NTCT)?

The current stock price of Netscout Systems (NTCT) is $21.93 as of December 24, 2024.

What is the market cap of Netscout Systems (NTCT)?

The market cap of Netscout Systems (NTCT) is approximately 1.6B.

What does NetScout Systems Inc specialize in?

NetScout Systems Inc specializes in providing service assurance, cybersecurity, and business intelligence solutions.

What is Adaptive Service Intelligence (ASI) technology?

ASI technology is a proprietary tool by NetScout that continuously monitors service delivery environments to identify performance issues and network-based security threats.

How does NetScout Systems Inc generate revenue?

The company generates revenue from the sale of network management tools and security solutions.

Which regions contribute to NetScout's revenue?

NetScout's primary revenue comes from the USA, followed by Europe, Asia, and the Rest of the World.

What are the main applications of NetScout's solutions?

NetScout’s solutions are used for real-time and historical network performance monitoring, service restoration, and enhancing user experience.

Who are the primary customers of NetScout Systems Inc?

The primary customers of NetScout include service providers, enterprises, and government networks.

What are the benefits of using NetScout's solutions?

NetScout's solutions provide unmatched service visibility, quick resolution of performance issues, and protection against network-based security threats.

How does NetScout ensure business continuity for its clients?

NetScout ensures business continuity by providing insights and tools to quickly resolve performance issues and threats, thus preventing disruptions.

What recent achievements has NetScout made?

Recent achievements of NetScout include advancements in their ASI technology and expansion of their service assurance and cybersecurity solutions.

What is the significance of NetScout's solutions in today’s connected world?

NetScout's solutions are crucial in maintaining the performance and security of digital infrastructure, which is vital for today’s connected and data-driven environments.

Netscout Systems Inc

Nasdaq:NTCT

NTCT Rankings

NTCT Stock Data

1.57B
69.01M
3.71%
93.51%
2.11%
Software - Infrastructure
Services-computer Integrated Systems Design
Link
United States of America
WESTFORD