NetScout Systems Earnings: Here’s Why the Stock is Up Now
NetScout Systems Inc. (NASDAQ:NTCT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.71%.
NetScout Systems Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 10.53% to $0.21 in the quarter versus EPS of $0.19 in the year-earlier quarter.
Revenue: Rose 7.12% to $81.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: NetScout Systems Inc. reported adjusted EPS income of $0.21 per share. By that measure, the company beat the mean analyst estimate of $0.17. It beat the average revenue estimate of $80.12 million.
Quoting Management: “We are pleased with our business results this quarter, despite continued weakness in the government sector,” said Anil Singhal, President and CEO, NetScout Systems. “We are, however, most excited about the positive feedback from our recently released nGeniusONE™ solution. nGeniusONE is our single integrated platform for combining NPM and APM for IT operations. nGeniusONE is based on our second generation ASI technology which enables faster triage of complex performance problems and provides a holistic view of interactions between users, groups of users, and their related infrastructure and applications. We believe this is a one-of-a-kind solution, solving problems that traditional NPM and APM approaches cannot,” Mr. Singhal added.
Key Stats (on next page)…