Netscout Systems (NTCT) Misses Q1 EPS by 19c; Guides FY In-Line

July 29, 2021 7:36 AM EDT

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Netscout Systems (NASDAQ: NTCT) reported Q1 EPS of $0.20, $0.19 worse than the analyst estimate of $0.39. Revenue for the quarter came in at $190.3 million versus the consensus estimate of $208.44 million.

“Our first-quarter performance provides a solid start to fiscal year 2022,” stated Anil Singhal, NETSCOUT’s president and chief executive officer. “Strong first-quarter product revenue growth in both the Service Assurance and Cybersecurity product lines drove our overall revenue increase and contributed to improved diluted earnings per share compared with the same quarter in the prior fiscal year.”

Commenting on the Company’s plans and outlook for fiscal year 2022, Singhal said, “As the world continues to emerge from the pandemic, we remain focused on meeting our customers’ needs for Service Assurance and Cybersecurity solutions that solve some of the connected world’s toughest challenges. We continue to see opportunities for our products and services in the emerging technology trends that we believe will benefit NETSCOUT in the future, such as 5G, digital transformation through cloud migration, and the expanding cybersecurity threat landscape.”

GUIDANCE:

Netscout Systems sees FY2022 EPS of $1.71-$1.77, versus the consensus of $1.74. Netscout Systems sees FY2022 revenue of $835-865 million, versus the consensus of $851.74 million.

For earnings history and earnings-related data on Netscout Systems (NTCT) click here.



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