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NETSCOUT Systems Inc. reports developments in enterprise network observability, carrier service assurance, cybersecurity and Distributed Denial-of-Service protection. The company’s updates commonly address fiscal results, service assurance and cybersecurity revenue trends, financial outlooks, and the role of its visibility platform and deep packet inspection at scale technology in monitoring performance, availability and security across digital networks.
Recurring product news includes observability enhancements, AIOps capabilities, AI-ready smart data for communications service providers, DDoS threat intelligence, and SSL/TLS certificate monitoring. NETSCOUT also reports corporate and portfolio actions, including its completed acquisition of assets from DigiCert’s DDoS protection business, alongside investor conference participation and earnings-call announcements.
NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) released findings from a Forrester Consulting study indicating that its Omnis® AED solution provides an impressive 201% ROI over three years. The study emphasized reduced time to detect and respond to cyberattacks, saving 144 hours, and suggesting a net present value of $3.37 million with a payback period of just seven months. Additional benefits include enhanced DDoS protection, operational efficiencies, and unquantified advantages like improved application uptime and brand reputation.
NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) announced its participation in the 17th Annual Needham Technology & Media Conference on May 18, 2022. The event will be held virtually and will feature one-on-one meetings with NETSCOUT executives, including Jean Bua (EVP and CFO), Darren Anstee (CTO, Security), and others. NETSCOUT focuses on cybersecurity, service assurance, and business analytics, offering solutions that ensure the security and performance of digital services. For more details, visit www.netscout.com.
NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) reported solid fiscal year 2022 results, achieving total revenues of $855.6 million, up from $831.3 million in fiscal year 2021. The fourth quarter showed total revenue of $191.2 million, although down from $213.4 million year-over-year. Net income was $37.0 million, or $0.49 per share, compared to $19.4 million, or $0.26 per share, in the previous year. For fiscal year 2023, NETSCOUT anticipates revenue growth to range between $895 million to $925 million and plans a share repurchase of up to $150 million.
NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) secured a significant legal victory on April 21, 2022, when a jury in the Eastern District of Texas ruled unanimously in favor of the company, finding no patent infringement against Longhorn HD, LLC. This verdict reinforces NETSCOUT's commitment to defend against unfounded patent claims and recognizes the efforts of its team in developing innovative cybersecurity and service assurance solutions.
NETSCOUT SYSTEMS (NASDAQ: NTCT) will release its fourth-quarter and full fiscal year 2022 financial results on May 5, 2022, at 7:30 a.m. ET. A conference call will follow at 8:30 a.m. ET, with the call accessible at (785) 424-1667 and replay available post-12:00 p.m. ET. NETSCOUT specializes in assuring digital business services, offering solutions in cybersecurity and service assurance through its advanced detection and response platform, among others. For more details, visit www.netscout.com.
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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.