NetScout Systems, Inc. (NASDAQ:NTCT) provider of business software and solutions, is reporting second quarter earnings results on Thursday 29th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.28 per share from $ 201.87 million in revenue.
For the full year, analysts predict revenues of $ 868.69 million, while looking forward to income of $ 1.53 per share.
Previous Quarter Performance
NetScout Systems, Inc. unwinded income for the first quarter of $ 0.17 per share, from the revenue of $ 183.82 million. The quarterly earnings 142.86 percent compared with the same quarter last year. The consensus estimates are income of $ 0.12 per share from $ 182.26 million in revenue. The bottom line results beat street analysts by $ 0.05 or 41.67 percent, at the same time, top line results outshined analysts by $ 1.56 million or 0.86 percent.
Stock Performance
Shares of NetScout Systems, Inc. traded low $ -0.97 or -4.39 percent on Wednesday, reaching $ 21.12 with volume of 276.50 thousand shares. NetScout Systems, Inc. has traded high as $ 21.69 and has cracked $ 20.38 on the downward trend
According to the previous trading day, closing price of $ 21.12, representing a 15.59 % increase from the 52 week low of $ 19.11 and a 25.42 % decrease over the 52 week high of $ 29.62.
The company has a market capital of $ 1.53 billion and is part of the Technology sector and Software – Application industry.
Conference Call
NetScout Systems, Inc. will be hosting a conference call at 8:30 AM eastern time on 29th October 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.netscout.com
NetScout Systems, Inc. provides service assurance, security, and business analytics for digital business services against disruptions in availability, performance, and security. The company offers nGeniusONE management software that enables customers to predict, preempt, and resolve network and service delivery problems, as well as facilitate the optimization and capacity planning of their network infrastructures; and specialized platforms and analytic modules that enable its customers to analyze and troubleshoot traffic in radio access and Wi-Fi networks.
