Company profile

Ticker
NTCT
Exchange
CEO
Anil K. Singhal
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
42837575

NTCT stock data

(
)

Calendar

6 Aug 20
15 Aug 20
31 Mar 21

News

Company financial data Financial data

Quarter (USD) Jun 20 Mar 20 Dec 19 Sep 19
Revenue 183.82M 229.35M 260.02M 216.42M
Net income -17.42M 7.34M 36.73M -17.47M
Diluted EPS -0.24 0.1 0.49 -0.23
Net profit margin -9.48% 3.20% 14.12% -8.07%
Operating income -14.49M 12.56M 36.82M -7.3M
Net change in cash 64.82M 50.83M 42.6M -108.66M
Cash on hand 403.31M 338.49M 287.66M 245.06M
Cost of revenue 52.98M 62.73M 65.59M 59.13M
Annual (USD) Mar 20 Mar 19 Mar 18 Mar 17
Revenue 891.82M 909.92M 986.79M 1.16B
Net income -2.75M -73.32M 79.81M 33.29M
Diluted EPS -0.04 -0.93 0.9 0.36
Net profit margin -0.31% -8.06% 8.09% 2.86%
Operating income 17.64M -71.58M -4.06M 62.06M
Net change in cash -71.14M 39.81M 64.94M 94.17M
Cash on hand 338.49M 409.63M 369.82M 304.88M
Cost of revenue 242.19M 254.13M 271.91M 346.14M

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
10 Aug 20 Downing John Common Stock Sell Dispose S Yes 24.2403 5,000 121.2K 102,616
5 Aug 20 Singhal Anil K Common Stock Gift Dispose G No 0 400,000 0 1,912,169
4 Aug 20 Szabados Michael Common Stock Sell Dispose S Yes 25.3545 6,000 152.13K 54,526
4 Aug 20 Szabados Michael Common Stock Payment of exercise Dispose F No 25.78 9,140 235.63K 60,526
4 Aug 20 Bua Jean A Common Stock Payment of exercise Dispose F No 25.78 6,967 179.61K 76,505
4 Aug 20 Singhal Anil K Common Stock Payment of exercise Dispose F No 25.78 20,004 515.7K 239,709
1 Aug 20 Szabados Michael Common Stock Option exercise Aquire M No 0 26,250 0 69,666
1 Aug 20 Szabados Michael RSU Common Stock Option exercise Dispose M No 0 26,250 0 87,500
1 Aug 20 Bua Jean A Common Stock Option exercise Aquire M No 0 22,500 0 83,472
1 Aug 20 Bua Jean A RSU Common Stock Option exercise Dispose M No 0 22,500 0 75,000
95.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 186 193 -3.6%
Opened positions 30 37 -18.9%
Closed positions 37 25 +48.0%
Increased positions 52 54 -3.7%
Reduced positions 69 74 -6.8%
13F shares
Current Prev Q Change
Total value 1.67B 1.75B -4.7%
Total shares 70.39M 72.68M -3.1%
Total puts 59.2K 12.6K +369.8%
Total calls 13.1K 0 NEW
Total put/call ratio 4.5 Infinity NaN%
Largest owners
Shares Value Change
BLK BlackRock 8.44M $199.77M -1.5%
Vanguard 6.88M $162.96M +4.2%
NEU Neuberger Berman 6.25M $147.92M +3.1%
Dimensional Fund Advisors 5.91M $139.99M -1.8%
CIBC Private Wealth 4.57M $108.22M 0.0%
Alliancebernstein 4.21M $99.57M -0.9%
Brown Capital Management 4M $94.61M -4.3%
STT State Street 2.41M $56.95M +2.0%
Fisher Asset Management 1.83M $43.33M -4.3%
LGEN Legal & General 1.79M $43.99M +18.6%
Largest transactions
Shares Bought/sold Change
BEN Franklin Resources 1.59M +1.59M NEW
Norges Bank 0 -1.26M EXIT
GS Goldman Sachs 1.38M -764.54K -35.6%
C Citigroup 58.2K -762.87K -92.9%
Turtle Creek Asset Management 0 -546.06K EXIT
Arrowstreet Capital, Limited Partnership 337.93K -348.6K -50.8%
BAC Bank of America 339.24K -331.32K -49.4%
LGEN Legal & General 1.79M +280.27K +18.6%
Vanguard 6.88M +278.4K +4.2%
Acadian Asset Management 355.89K +207.92K +140.5%

Financial report summary

?
Risks
  • Our business and operations, and the operations of our customers, may be adversely affected by epidemics and pandemics, such as the COVID-19 outbreak, which the World Health Organization has declared a "pandemic." COVID-19 and future epidemics and pandemics risk disrupting and adversely affecting our business operations and financial results, as well as the markets and communities in which we and customers, suppliers and other business partners operate.
  • Our quarterly revenue and operating results may fluctuate.
  • Our actual operating results may differ significantly from our guidance.
  • Our indebtedness may limit our operations and our use of our cash flow, and any failure to comply with the covenants that apply to our indebtedness could adversely affect our liquidity and financial condition.
  • Any failure to meet our debt obligations could damage our business.
  • We may fail to secure necessary additional financing.
  • Our effective tax rate may fluctuate, which could increase our income tax expense and reduce our net income.
  • Our estimates and judgments related to critical accounting policies could be inaccurate.
  • Our disclosure controls and procedures and internal control over financial reporting may not be effective.
  • Foreign currency exchange rates may adversely affect our financial statements.
  • If our products contain errors or quality issues, such issues may be costly to correct, revenue may be delayed, we could be sued, and our reputation could be harmed.
  • If we fail to introduce new products and solutions or enhance our existing products and solutions to keep up with rapid technological change, demand for our products and solutions may decline.
  • The move to software focused products requires higher unit sales.
  • We face significant competition from other technology companies.
  • Failure to manage growth properly and to implement enhanced automated systems could adversely impact our business.
  • We may not successfully complete acquisitions or integrate acquisitions we do make, which could impair our ability to compete and could harm our operating results.
  • Our ability to quickly and successfully recover from a disaster, public health crisis (including a global pandemic such as COVID-19), or other business continuity event could affect our ability to deliver our products and cause reputational harm to our business.
  • Vulnerabilities and critical security defects, prioritization decisions regarding remedying vulnerabilities or security defects, failure of third party providers to remedy vulnerabilities or security defects, or customers not deploying security releases or deciding not to upgrade products, services or solutions could result in claims of liability against us, damage our reputation or otherwise harm our business.
  • An actual, alleged, or perceived security breach, cyberattack or incident against us could interrupt our operations, create a perception that our products and services are vulnerable, and damage our brand and reputation, which could reduce revenue, increase expenses, and expose us to legal claims or regulatory actions.
  • Our reliance on sole source suppliers could adversely impact our business.
  • If we violate the U.S. Foreign Corrupt Practices Act or applicable anti-bribery laws in other countries, or if we fail to comply with U.S. export controls and government contracting laws, our business could be harmed.
  • The failure to recruit and retain qualified personnel and plan for and manage the succession of key executives could hinder our ability to successfully manage our business, which could have a material adverse effect on our financial position and operating results.
  • We assumed certain non-U.S. pension benefit obligations associated with the business acquired in the Comms Transaction. Future funding obligations related to these liabilities could restrict cash available for our operations, capital expenditures or other requirements, or require us to borrow additional funds.
  • Our success depends, in part, on our ability to manage and leverage our distribution channels. Disruptions to, or our failure to effectively develop and manage, these partners and the processes and procedures that support them could adversely affect our ability to generate revenues from the sale of our products and services. Managing these distribution
  • Our success depends, in part, on our ability to manage our international research and development operations and related partnerships. Our international research and development efforts may achieve delayed or lower than expected benefits and involve competitive and other risks.
  • Necessary licenses for third-party technology may not be available to us on commercially reasonable terms or at all.
  • Our success depends on our ability to protect our intellectual property rights.
  • Others may claim that we infringe on their intellectual property rights.
  • Uncertainties of regulation of the Internet and data traveling over the Internet could have a material and adverse impact on our financial condition and results of operations.
  • The rapid evolution and increasing enforcement of privacy and security laws and regulations and standards around the world could require significant company resources, limit certain functionalities of our products, and harm our business.
  • We or our suppliers may be impacted by new regulations related to climate change or other environmental issues.
  • The current economic and geopolitical environment may impact some specific industries into which we sell and may lead our customers to delay or forgo technology investments and could have other impacts, any of which could materially adversely affect our business, financial condition, operating results and cash flows.
  • International economic, political, legal, compliance and business factors could negatively affect our financial statements and growth.
  • The success of our business depends, in part, on the continued growth in the market for and the continued commercial demand for service delivery, service assurance and network security solutions focused on the performance monitoring and management of applications and networks.
  • Changes in industry structure and market conditions could lead to charges related to discontinuances of certain of our products or businesses and asset impairments.
  • Our growth could suffer if the markets into which we sell our products and services experience cyclicality.
  • Uncertain conditions in the global economy and constraints in the global credit market may adversely affect our revenue and results of operations.
  • Our stock price has been subject to fluctuations, and will likely continue to be subject to fluctuations, which may be volatile and due to factors beyond our control.
Management Discussion
  • Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • You should read the following discussion and analysis of our financial condition and results of operations in conjunction with the condensed consolidated financial statements and notes thereto included elsewhere in this Quarterly Report and in our Annual Report on Form 10-K for the fiscal year ended March 31, 2020, filed with the Securities and Exchange Commission. This discussion contains forward-looking statements that involve risks and uncertainties. When reviewing the discussion below, you should keep in mind the substantial risks and uncertainties that could impact our business. In particular, we encourage you to review the risks and uncertainties described in Part I, Item 1A "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended March 31, 2020. These risks and uncertainties could cause actual results to differ significantly from those projected in forward-looking statements contained in this report or implied by past results and trends. Forward-looking statements are statements that attempt to forecast or anticipate future developments in our business, financial condition or results of operations. See the section titled "Cautionary Statement Concerning Forward-Looking Statements" that appears at the beginning of this Quarterly Report. These statements, like all statements in this report, speak only as of the date of this Quarterly Report (unless another date is indicated), and, except as required by law, we undertake no obligation to update or revise these statements in light of future developments.
  • We are an industry leader with over 35 years of experience in providing service assurance and security solutions that are used by customers worldwide to assure their digital business services against disruption. Service providers and enterprises, including local, state and federal government agencies, rely on our solutions to achieve the visibility necessary to optimize network performance, ensure the delivery of high-quality, mission-critical applications and services, gain timely insight into the end user experience and protect their networks from attack. With our offerings, customers can quickly, efficiently and effectively identify and resolve issues that result in downtime, interruptions to services, poor service quality or compromised security, thereby driving compelling returns on their investments in their networks and broader technology initiatives. Some of the more significant technology trends and catalysts for our business include the evolution of customers' digital transformation initiatives, the rapidly evolving security threat landscape, business intelligence and analytics advancements, and the 5G evolution in both the service provider and enterprise verticals.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: accurately, affirming, alter, assist, begun, blank, burden, capacity, caution, chain, challenging, Circuit, clarification, Clarifying, conference, covenant, criteria, cumulative, deal, dealing, decision, declared, device, discontinued, discretionary, ease, economy, engineering, entry, evolution, evolving, Facilitation, focused, fourth, governmental, great, halted, health, hiring, HM, HMRC, home, interaction, Kingdom, landscape, leave, led, mandate, methodology, mitigation, objective, ongoing, organization, outbreak, pandemic, phased, precautionary, preserve, President, proactively, properly, pursue, receipt, reclaim, recommended, reform, regime, remanding, remit, reopening, respond, responsibility, retained, situation, solution, spread, Step, strain, strong, supply, talent, temporarily, threat, transformation, UK, unable, uncertain, uncertainty, underpayment, unexpected, unfold, unknown, vacating, vast, VAT, VDA, vertical, volatility, worsening
Removed: accelerated, Accretion, achieving, adjust, ASR, automatically, bad, borrowed, classification, Codification, combine, comparability, comparative, deducted, denied, designation, deterioration, disclosing, elimination, enabled, entity, expand, expedient, forfeited, functional, generated, hindsight, identification, indemnity, instrument, key, leasing, liable, matter, merger, modify, motion, notified, obtained, package, partial, payroll, percent, physical, practical, qualifying, reassessment, recognizing, refine, relevant, rent, replace, reproduce, retention, source, Targeted, termed, treated

Patents

APP
Utility
Selective User Plane Monitoring Multiple Monitoring Probes When a Serving Gateway Has Multiple Ip Addresses
2 Jul 20
A system for selective user plane (UP) monitoring includes a service gateway (SGW) having a plurality of units.
GRANT
Utility
Apparatus and method for enhancing security of data on a host computing device and a peripheral device
9 Jun 20
A method of enhancing security of at least one of a host computing device and a peripheral device coupled to the host computing device through a communication interface.
GRANT
Utility
System and method for managing alerts using a state machine
2 Jun 20
A system and computer-implemented method to manage alerts, wherein the method includes receiving anomaly triggers associated with detected anomalies, associating an anomaly trigger of the received anomaly triggers with an alert, tracking the alert using a state machine, determining whether to change a state of the state machine if a subsequent anomaly trigger associated with the alert is received or if a predetermined amount of time passes without receiving trigger information, and generating an alarm based on the state of the state machine.
GRANT
Utility
Flow and time based reassembly of fragmented packets by IP protocol analyzers
2 Jun 20
A method for processing a plurality of fragments of IP packet flows in a communication network includes receiving the plurality of packet fragments.
GRANT
Utility
Network table error detection using call trace records
2 Jun 20
A system for correcting network planning data includes a planning repository containing information related to network traffic, network element locations and network element connectivity.