Recap: NetScout Systems Q1 Earnings

Shares of NetScout Systems NTCT were unchanged after the company reported Q1 results.

Quarterly Results

Earnings per share increased 142.86% year over year to $0.17, which beat the estimate of $0.12.

Revenue of $183,817,000 decreased by 1.21% year over year, which beat the estimate of $182,260,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Jul 30, 2020

Time: 08:30 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.netscout.com%2Finvestors%2Fevents-and-presentations%2Fevents-calendar%2Fdefault.aspx&eventid=2395951&sessionid=1&key=DBB6D902300090126660EA161439C90A&regTag=&sourcepage=register

Technicals

Company's 52-week high was at $29.62

52-week low: $19.11

Price action over last quarter: Up 2.90%

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.