NetScout Systems Firm Q2 Product Revenue Contributed to nGeniusONE Platform
NetScout Systems, Inc. (NASDAQ: NTCT)
Price per share units of NTCT lauched 15.28% (+$3.90) to $29.43 today during mid-day trading session with three hundred plus thousand shares in play Thursday11:47AM EDT October 17, 2013. About four and a half hours prior ticker NTCT, an industry leader for advanced application and service assurance solutions reported firm Q2 notably growth in product revenue. The Company’s product revenue for Q2, on a GAAP and non-GAAP basis was $52.4 million. This increase is believed to be contributed by intentive consumer interest of their new released products in particular nGeniusONE™ platform. nGeniusONE Unified Performance Management Platform enables efficient IT service management with an all-inclusive set of capabilities delivering comprehensive, real-time situational awareness, historical visibility, and contextual, multi-layered performance analysis.
Ticker NTCT also issued a guidance for fiscal year 2014 repeating the guidance they issued on April 25, 2013. The Company believes GAAP revenue to be in the range of $384 million to $399 million and non-GAAP revenue to be in the compass of $385 million to $400 million.
NetScout Systems, Inc. (“NTCT”, “NetScout” or the “Company”) is the market leader in Unified Service Delivery Management enabling comprehensive end-to-end network and application assurance. For 28 years, NetScout has delivered breakthrough packet-flow technology that provides trusted and comprehensive real-time network and application performance intelligence enabling unified assurance of the network, applications and users. These solutions enable IT staff to predict, preempt and resolve network and service delivery problems while facilitating the optimization and capacity planning of the network infrastructure. NetScout nGenius® and Sniffer® solutions are deployed at more than 20,000 of the world’s largest enterprises, government agencies, and more than 165 service providers, on over one million physical and 2,000 virtual network segments to assure the network, applications, and service delivery to their users and customers.
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