Benzinga | Jan 28, 2021 07:49AM EST

NetScout Systems: Q3 Earnings Insights



Shares of NetScout Systems (NASDAQ:NTCT) were unchanged after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 9.59% year over year to $0.66, which beat the estimate of $0.52.

Revenue of $228,741,000 decreased by 12.05% from the same period last year, which missed the estimate of $228,900,000.

Looking Ahead

NetScout Systems raised FY21 adjusted EPS guidance to $1.60-$1.67 and sales guidance to $825 million-$840 million.

Conference Call Details

Date: Jan 28, 2021

Time: 08:30 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.netscout.com%2F&eventid=2947376&sessionid=1&key=4B9FDCD74BB8763AABB12C1C8A55BDDA&regTag=&V2=false&sourcepage=register

Technicals

Company's 52-week high was at $31.14

52-week low: $19.11

Price action over last quarter: Up 47.47%

Company Overview

NetScout Systems Inc is a provider of service assurance and cybersecurity solutions to enterprise and government networks. It bases its solutions on proprietary adaptive service intelligence technology, which helps customers monitor and identify performance issues and provides insight into network-based security threats. These solutions also deliver real-time and historical information, which provides insight to restore service and understand the quality of user experience. The company derives revenue primarily from the sale of network management tools and security solutions. The firm generates its revenue in the Americas, Europe, Middle East, India, Africa, and Asia-Pacific regions.