NetScout SystemsNASDAQ: NTCT

WESTFORD, Mass.--(BUSINESS WIRE)--NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT), a leading provider of performance management, cybersecurity, and DDoS attack protection solutions, today announced it expanded its Arbor Cloud DDoS attack mitigation network to 16 scrubbing centers worldwide with the recent addition of a new Toronto facility. This network offers ISPs and enterprise customers more than 15 terabits per second (Tbps) of dedicated attack capacity. Canadian businesses and organizations will ben.

NetScout (NTCT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

The mean of analysts' price targets for NetScout (NTCT) points to a 31.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

The mean of analysts' price targets for NetScout (NTCT) points to a 34.3% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

The headline numbers for NetScout (NTCT) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

NetScout Systems (NTCT) came out with quarterly earnings of $0.73 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $1 per share a year ago.

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for NetScout (NTCT), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2023.

NetScout Systems, a cybersecurity firm, has experienced stable sales, returns/margins, and cash flows despite limited revenue growth since 2017. The company's declining share price and low valuation now make it an attractive takeover target for Big Tech firms or private equity investors. A 10-year low on sales, earnings, and cash flow generation is now available to new buyers of the stock.

NetScout Systems, Inc. (NASDAQ:NTCT ) Q2 2024 Earnings Conference Call November 2, 2023 8:30 AM ET Company Participants Tony Piazza – Senior Vice President-Corporate Finance Anil Singhal – President and Chief Executive Officer Michael Szabados – Chief Operating Officer Jean Bua – Executive Vice President and Chief Financial Officer Conference Call Participants Dan Bergstrom – RBC Capital Markets James Fish – Piper Sandler Kevin Liu – K. Liu & Company Operator Ladies and gentlemen, thank you for standing by, and welcome to NETSCOUT's Second Quarter Fiscal Year 2024 Financial Results Conference Call.