Netscout Sys Inc Stock Price, News & Analysis

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.

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.

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.

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.