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Netscout Systems (NTCT) Stock News, May-Sep 2021

NTCT Nasdaq

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.

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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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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.

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NETSCOUT SYSTEMS, INC. (NTCT) reported a solid first quarter for fiscal year 2022, with total revenue reaching $190.3 million, an increase from $183.8 million year-over-year. Product revenue surged to $82.0 million, accounting for 43% of total revenue, while service revenue declined to $108.3 million, making up 57%. The company's net loss decreased to $11.3 million or $0.15 per share, compared to a loss of $17.4 million or $0.24 per share a year earlier. NETSCOUT maintains its revenue guidance of $835 million to $865 million for the year.

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NETSCOUT SYSTEMS (NASDAQ: NTCT) launched Smart Edge Monitoring, a new solution providing IT teams with enhanced visibility for managing user experiences across hybrid networks. This architecture integrates smart data analytics with synthetic transaction testing to identify and resolve performance issues rapidly. Key use cases include UCaaS management, work-from-home monitoring, and cloud migration analysis. The solution aims to fill visibility gaps in multi-vendor environments, boosting operational efficiency and user satisfaction.

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NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) is set to announce its first-quarter fiscal year 2022 financial results for the period ending June 30, 2021, on July 29, 2021, at 7:30 a.m. ET. A conference call will follow at 8:30 a.m. ET, with the call accessible via (785) 424-1670 and ID NTCTQ122. Replays will be available after 12:00 p.m. ET on the same day. NETSCOUT specializes in ensuring digital business services against disruptions, combining patented smart data technology with analytics for enhanced visibility and performance. For further details, visit their website.

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NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) has announced its participation in the Baird 2021 Global Consumer, Technology, and Services Conference on Thursday, June 10, 2021. The event will be held virtually, featuring a series of one-on-one meetings with key executives including Jean Bua (EVP and CFO), Dr. Vikram Saksena (Office of the CTO), and Tony Piazza (VP of Corporate Finance).

NETSCOUT specializes in service assurance, security, and business analytics, ensuring digital business services against disruptions.

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NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) has announced its participation in two virtual investor events. The first is the Piper Sandler RSA “Coffee and Chat” Security Event on May 18, 2021, from 10:00 AM to 10:50 AM ET, featuring Darren Anstee and Dr. Vikram Saksena. The second event is the Needham Technology & Media Conference on May 20, 2021, with participation limited to 1x1s, featuring Jean Bua, Dr. Vikram Saksena, and Tony Piazza. These events showcase NETSCOUT's leadership in service assurance, security, and analytics.

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FAQ

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

Netscout Systems (NTCT) last closed at $40.69.

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

The market cap of Netscout Systems (NTCT) is approximately $3.0B.