Netscout Sys Inc Stock Price, News & Analysis

NETSCOUT SYSTEMS (NASDAQ: NTCT) has enhanced its nGenius® Enterprise Performance Management solution to support over 1,000 applications, integrating with F5 technologies for automated monitoring of custom applications. This advancement aims to eliminate blind spots at the packet level, improving application performance and security.

The custom application market is projected to grow by $38.15 billion (CAGR 8.5%) from 2021 to 2026, indicating strong demand for these solutions. As enterprises increasingly adopt advanced technologies, NETSCOUT is positioned to capitalize on this trend, ensuring optimal application performance vital for revenue and compliance.

NETSCOUT SYSTEMS (NASDAQ: NTCT) has expanded its DDoS protection services by launching a new presence in Dubai, enhancing its Arbor Cloud attack mitigation scrubbing centers to 15 globally with a capacity of 15 Tbps. This strategic move allows regional enterprises and ISPs to mitigate DDoS attacks with decreased latency, ensuring a faster response to threats. Arbor Cloud, part of NETSCOUT's Adaptive DDoS Defense, offers automated and managed DDoS mitigation solutions, bolstered by the expertise of the ASERT team. The updated web portal now includes single sign-on authentication, reflecting the company's commitment to security and efficiency.

NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) has published findings from its annual survey of IT decision-makers, revealing a significant shift in the use of unified communication and collaboration (UC&C) platforms in post-pandemic hybrid work environments. 69% of surveyed organizations increased their UC&C tools, with 75% planning further support over the next year. The survey indicated that 60% consider these platforms critical, a notable rise from last year. However, only 23% utilize independent tools for monitoring remote worker experience, signaling potential gaps in performance management.

NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) reported solid financial performance for the third quarter of fiscal year 2023, with total revenue reaching $269.5 million, up from $262.2 million year-over-year. Product revenue was $149.5 million, while service revenue was $120.1 million. Net income stood at $52.6 million or $0.72 per share, compared to $47.7 million or $0.64 per share in Q3 FY22. The company has narrowed its revenue guidance for FY23 to $905 million to $915 million and increased its EPS outlook. Despite a decrease in cash reserves to $416.2 million, NETSCOUT remains optimistic about its strategic positioning in cybersecurity and digital performance solutions.

NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) announced the appointments of Shannon Nash and Marlene Pelage to its Board of Directors. These appointments aim to enhance the company's financial expertise and strategic direction. Nash, currently CFO at Wing, has a history of leadership in finance and operations, including roles at Reputation.com and UserTesting. Pelage, the Global CFO of IPG Mediabrands, brings experience in managing multi-billion dollar budgets from her time at Charles Schwab. The board now consists of 11 directors, with a focus on diversity and fresh perspectives to support NETSCOUT's mission as cyber guardians.

NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) will announce its third-quarter fiscal 2023 financial results for the period ending December 31, 2022, on January 26, 2023, at approximately 7:30 a.m. ET. A conference call will follow at 8:30 a.m. ET. Investors can listen in by calling (785) 424-1677 (ID: NTCTQ323) or through a live webcast on the company's website. A replay will be available after 12:00 p.m. ET. NETSCOUT specializes in protecting networks from cyberattacks and performance issues.

NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) has launched the DPI Consortium, a non-profit aimed at improving patent quality and reducing frivolous patent claims in Deep Packet Inspection (DPI) technology. This initiative provides innovators with resources like historical research and product data essential for defending against invalid claims. A notable advisory board comprises networking luminaries such as Vint Cerf and Laura Chappell. NETSCOUT, as the founding member, intends to enhance the patent landscape for DPI technologies addressing modern cybersecurity challenges.

NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) has announced the successful interoperability of its Omnis Cyber Intelligence (OCI) with Amazon Security Lake, enhancing network detection and response capabilities. This integration provides comprehensive visibility into cybersecurity across complex hybrid-cloud infrastructures. OCI utilizes advanced deep packet inspection and machine learning to deliver valuable insights into cyber threats. The collaboration aims to improve security performance, helping enterprises manage their digital assets more effectively.

NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) announced its participation in several investor events in November 2022. Key dates include:

• November 15, 2022: 16th Annual Needham Virtual Security, Networking, & Communications Conference (Virtual, 1x1s Only).
• November 16, 2022: RBC Capital Markets Global Technology, Internet, Media & Telecommunications Conference (New York City, Fireside Chat at 8:50 a.m. ET).
• November 30, 2022: Credit Suisse 26th Annual Technology Conference (Scottsdale, AZ, 1x1s Only).

Executives participating include Jean Bua (CFO), Dr. Vikram Saksena (Office of the CTO), and Tony Piazza (SVP, Corporate Finance).