Netscout Systems Inc - NTCT STOCK NEWS

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.

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.

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.

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.

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.

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.

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.

NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) has released its inaugural Environmental, Social, and Governance (ESG) Report, highlighting its ongoing initiatives in sustainability, Diversity, Equity, and Inclusion (DEI), and corporate social responsibility. Key achievements include a 12.1% reduction in energy usage across engineering labs and a $100,000 grant towards digital inclusion programs. The company emphasizes its commitment to ethical governance and long-term value creation, aiming to address environmental challenges and foster community engagement.