Netscout Sys Inc - NTCT STOCK NEWS

NETSCOUT Systems (NASDAQ: NTCT) has released its 2H2024 DDoS Threat Intelligence Report, highlighting how DDoS attacks have become a primary weapon in cyberwarfare tied to sociopolitical events. The report reveals significant attack surges during critical moments: Israel saw a 2,844% increase during hostage situations, Georgia experienced a 1,489% rise during the 'Russia Bill' period, and Mexico faced a 218% increase during national elections.

The report identifies key trends: DDoS-for-hire services are increasingly utilizing AI for CAPTCHA bypassing, with approximately 90% of platforms offering this capability. Despite a 5% decline in overall botnet populations, these networks showed strong resilience against takedown efforts. NETSCOUT's protection covers two-thirds of routed IPv4 space, monitoring networks that handled peak traffic exceeding 700 Tbps in 2H2024.

NETSCOUT SYSTEMS (NASDAQ: NTCT) has enhanced its Arbor® Threat Mitigation System (TMS) with AI/ML functionality to better detect and block malicious traffic. DDoS attacks have surged by 55% over the past four years, necessitating advanced AI/ML-enabled solutions. NETSCOUT’s hybrid AI/ML strategy combines cloud-scale analysis with supervised AI/ML in software solutions, enabling automated protection from threats. The company analyzes data from 550 Tbps of Internet traffic, providing a comprehensive threat overview. The ATLAS Intelligence Feed, updated multiple times daily, offers insights into active DDoS campaigns, source IP addresses, and novel attack vectors. Enhanced Geo-IP functionality enables quicker identification and blocking of malicious traffic. The latest release also features AI/ML-powered source host misuse detection, aiding in the identification and blocking of outbound DDoS attacks. Service providers benefit from improved infrastructure protection, reduced downtime costs, and new revenue opportunities. NETSCOUT’s solutions aim to minimize cybersecurity and business risks in an increasingly threat-laden landscape.

NETSCOUT has been awarded the 2025 Global Competitive Strategy Leadership Award by Frost & Sullivan for its next-generation application and network visibility platform. The company's Visibility Without Borders strategy, built around its nGeniusONE portfolio, provides real-time network traffic visibility across cloud, on-premises, and hybrid environments.

The company's solutions, including nGenius Enterprise Performance Management, Omnis Cyber Intelligence, and Arbor Edge Defense, serve 90% of US Fortune 100 companies, offering comprehensive monitoring, service assurance, and DDoS protection. NETSCOUT's approach focuses on breaking down operational silos and enabling data sharing across SecOps, NetOps, and AIOps, resulting in improved mean time to resolution and operational efficiency.

The company's multi-dimensional scalability, deployment flexibility, and ability to provide visibility into multi-cloud environments have been key differentiators. NETSCOUT's integration of AI/ML, cloud-native solutions, and partnerships with providers like Cisco and VMware have strengthened its market position.

NETSCOUT (NASDAQ: NTCT) reported strong Q3 FY2025 financial results, with total revenue reaching $252.0 million, up from $218.1 million in Q3 FY2024. Product revenue was $128.2 million (51% of total), while service revenue was $123.8 million (49% of total).

The company's GAAP income from operations was $61.7 million with a 24.5% operating margin. Non-GAAP income from operations reached $89.7 million with a 35.6% margin. GAAP net income was $48.8 million ($0.67 per share), while non-GAAP net income was $68.3 million ($0.94 per share).

NETSCOUT narrowed its FY2025 guidance, maintaining previous midpoints, with revenue expected between $810-820 million. The company also announced a workforce reduction of approximately 142 employees (6.2%) through a Voluntary Separation Program, expecting to generate annual run-rate savings of about $25 million.

NETSCOUT SYSTEMS (NASDAQ: NTCT) has announced it will release its third-quarter fiscal year 2025 financial results on Thursday, January 30, 2025, at approximately 7:30 a.m. ET. The company will host a conference call and live webcast at 8:30 a.m. ET on the same day.

The conference call can be accessed at (203) 518-9708 with conference ID NTCTQ325. A replay will be available after 12:00 p.m. ET for approximately one week at (800) 839-2385 for U.S./Canada and (402) 220-7203 for international callers. The live webcast will be accessible through the company's investor relations website.

NETSCOUT SYSTEMS (NASDAQ: NTCT) announced updates to its Arbor Edge Defense (AED) and Arbor Enterprise Manager (AEM) products to combat AI-enabled DDoS threats. The company's threat intelligence report revealed significant increases in application-layer (43%) and volumetric attacks (30%). NETSCOUT's ATLAS global threat intelligence system monitors over 550 Tbps of Internet traffic across 500+ ISPs and 2000+ enterprise sites.

The enhanced solution employs AI/ML technology in ATLAS Threat Intelligence Feed and introduces automated DDoS attack detection and protection workflows. New features include support for up to 200 Gbps of DDoS attack mitigation capacity and extended support for Microsoft Azure environments, alongside existing AWS Cloud support.

Arelion has expanded its partnership with NETSCOUT (NTCT) to enhance DDoS attack mitigation capabilities across its global Internet backbone. The collaboration strengthens network security by increasing monitoring density and improving detection of traffic anomalies. The enhanced capabilities include Adaptive DDoS protection against newer attack vectors, including carpet bombing. This expansion enables Arelion to better protect enterprise customers' high-bandwidth applications amid rising attacks on critical infrastructure sectors like financial services, government, and utilities.

NETSCOUT SYSTEMS (NASDAQ: NTCT) has announced its participation in two major upcoming investor events. The company will attend the RBC Capital Markets Global Technology, Internet, Media, and Telecom (TIMT) Conference in New York on November 20, 2024, featuring a fireside chat at 8:00am ET and one-on-one meetings. Additionally, NETSCOUT will participate in the UBS Global Technology and AI Conference in Scottsdale on December 4, 2024, for one-on-one meetings only. Key executives attending both events include Jean Bua (EVP & CFO), Vikram Saksena (CTO office), and Tony Piazza (Deputy CFO).

NETSCOUT SYSTEMS (NASDAQ: NTCT) announced that its customer NRB successfully protected Belgium's local and provincial elections from cyberattacks on October 13th. NRB utilized NETSCOUT's DDoS protection solutions, including Arbor Cloud and Arbor Edge Defense (AED), to counter potential threats from pro-Russian groups targeting Belgian government sites. The implementation involved preemptive mitigation strategies and continuous monitoring to ensure electoral process security. NRB's cybersecurity team collaborated with NETSCOUT's experts to maintain network and service availability throughout the election period.