Netscout Systems (NTCT) Tops Q3 EPS by 2c; Guides FY18 Modestly Below Views

Netscout Systems (NASDAQ: NTCT) reported Q3 EPS of $0.69, $0.02 better than the analyst estimate of $0.67. Revenue for the quarter came in at $272 million versus the consensus estimate of $285.47 million.

GUIDANCE:

Netscout Systems sees FY2018 EPS of $1.30-$1.45, versus the consensus of $1.53. Netscout Systems sees FY2018 revenue of $1-1.025 million, versus the consensus of $1.06 million.

“As previously disclosed on January 10, NETSCOUT’s third-quarter fiscal year 2018 results were primarily impacted by unanticipated reductions in spending by North American carriers, funding delays for a range of Federal projects and longer-than-expected sales cycles for our enterprise offerings,” stated Anil Singhal, NETSCOUT’s president and CEO. “Although we expect these dynamics will continue to create revenue challenges in the fourth quarter, we move forward with a strong competitive position underpinned by a compelling value proposition, an expansive global customer base and many promising new, high-margin products progressing through our sales funnels. We are advancing our planning processes for fiscal year 2019 with a focus on initiatives that we believe will help us strengthen our revenue performance, support continued gross margin gains, improve operating profitability and drive EPS expansion.”

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

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