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Netscout Systems (NTCT)

NETSCOUT SYSTEMS, INC. assures digital business services against disruptions in availability, performance, and security. Its market and technology leadership stems from combining its patented smart data technology with smart analytics. The company provides real-time, pervasive visibility, and insights customers need to accelerate and secure their digital transformation. Its approach transforms the way organizations plan, deliver, integrate, test, and deploy services and applications. Its nGenius service assurance solutions provide real-time, contextual analysis of service, network, and application performance. Arbor security solutions protect against DDoS attacks that threaten availability and advanced threats that infiltrate networks to steal critical business assets.

Company profile

Ticker
NTCT
Exchange
CEO
Anil Singhal
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
AirMagnet, Inc. • Aran Communications Limited • Arbor Networks Canada Limited • Arbor Networks GmbH • Arbor Networks K.K. • Arbor Networks Pte Ltd • Arbor Networks UK Ltd • Arbor Networks, Inc. • ClearSight Networks, Inc. • Cragen Limited ...
IRS number
42837575

NTCT stock data

Calendar

4 Aug 22
28 Sep 22
31 Mar 23
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Mar 22 Mar 21 Mar 20 Mar 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 332.5M 332.5M 332.5M 332.5M 332.5M 332.5M
Cash burn (monthly) 101.22M 12.89M 3.5M (no burn) 4.17M (no burn)
Cash used (since last report) 298.82M 38.05M 10.32M n/a 12.32M n/a
Cash remaining 33.68M 294.45M 322.18M n/a 320.18M n/a
Runway (months of cash) 0.3 22.8 92.2 n/a 76.7 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
9 Sep 22 Egan John R Common Stock Option exercise Acquire M No No 0 7,000 0 84,740
9 Sep 22 Egan John R RSU Common Stock Option exercise Dispose M No No 0 7,000 0 7,000
9 Sep 22 Alfred Grasso Common Stock Option exercise Acquire M No No 0 7,000 0 30,000
9 Sep 22 Alfred Grasso RSU Common Stock Option exercise Dispose M No No 0 7,000 0 7,000
9 Sep 22 Christopher Perretta Common Stock Option exercise Acquire M No No 0 7,000 0 41,771
9 Sep 22 Christopher Perretta RSU Common Stock Option exercise Dispose M No No 0 7,000 0 7,000
9 Sep 22 Vitale Vivian M Common Stock Option exercise Acquire M No No 0 7,000 0 24,970
9 Sep 22 Vitale Vivian M RSU Common Stock Option exercise Dispose M No No 0 7,000 0 7,000
9 Sep 22 Joseph G Hadzima JR Common Stock Option exercise Acquire M No No 0 7,000 0 141,798
9 Sep 22 Joseph G Hadzima JR RSU Common Stock Option exercise Dispose M No No 0 7,000 0 7,000
13F holders Current Prev Q Change
Total holders 208 218 -4.6%
Opened positions 25 38 -34.2%
Closed positions 35 23 +52.2%
Increased positions 66 78 -15.4%
Reduced positions 81 66 +22.7%
13F shares Current Prev Q Change
Total value 2.5B 2.34B +6.8%
Total shares 74.04M 72.89M +1.6%
Total puts 110.5K 0 NEW
Total calls 69.1K 32.9K +110.0%
Total put/call ratio 1.6
Largest owners Shares Value Change
BLK Blackrock 12.52M $423.83M +1.8%
Vanguard 8.02M $271.52M +1.3%
BEN Franklin Resources 5.7M $192.89M +5.8%
ATAC Neuberger Berman 5.5M $186.28M +2.8%
Dimensional Fund Advisors 5.28M $178.67M +5.7%
Franklin Mutual Advisers 4.82M $159.55M 0.0%
LGEN Legal & General 4.21M $142.46M +10.3%
STT State Street 2.83M $95.94M -0.3%
CIBC Private Wealth 2.05M $69.44M -0.5%
MCQEF Macquarie 1.72M $58.21M +0.6%
Largest transactions Shares Bought/sold Change
Point72 Asset Management 1.02M +698.46K +219.1%
FMR 629.72K +588.34K +1421.6%
GS Goldman Sachs 157.09K -421.5K -72.8%
LGEN Legal & General 4.21M +394.43K +10.3%
BEN Franklin Resources 5.7M +312.95K +5.8%
Dimensional Fund Advisors 5.28M +284.93K +5.7%
MS Morgan Stanley 639.95K +279.35K +77.5%
D. E. Shaw & Co. 438.2K -255.09K -36.8%
BLK Blackrock 12.52M +219.16K +1.8%
Assenagon Asset Management 140.24K -210.24K -60.0%

Financial report summary

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Competition
Cisco SystemsRadcomF5AkamaiRadwareEXFOFortinetPalo Alto NetworksSplunkMandiant
Risks
  • Our business and operations, and the operations of our customers, partners, and/or suppliers, may be adversely affected by epidemics and pandemics, such as the COVID-19 pandemic. The COVID-19 pandemic 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 our customers, suppliers and other business partners operate.
  • Unfavorable conditions in our industry or the global economy, or reductions in information technology spending, could limit our ability to grow our business and negatively affect our results of operations.
  • Potential product vulnerabilities or critical security defects, prioritization decisions regarding remedying 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.
  • If we or the third parties who we work with or rely on experience a security incident, or the confidentiality, integrity, or availability of our information technology, software, services, communications or data is compromised, our business or platform may be perceived as not being secure, our reputation may be harmed, demand for our offering may be reduced, and we may incur significant liabilities.
  • Our ability to quickly and successfully recover from a disaster, public health crisis, or other business continuity event could affect our ability to deliver our products and negatively impact our business reputation.
  • 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.
  • Necessary licenses for third-party technology may not be available to us on commercially reasonable terms or at all.
  • Our reliance on sole source suppliers could adversely impact our business.
  • Increased customer demands on our technical support services may adversely affect our relationships with our customers and our financial results.
  • 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.
  • Failure to manage growth properly and to implement enhanced automated systems could adversely impact our business.
  • Our growth could suffer if the markets into which we sell our products and services experience cyclicality.
  • We or our suppliers may be affected by new regulations related to climate change and other environmental issues.
  • 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 channels and relationships requires experienced personnel, and lack of sufficient expertise could lead to a decrease in sales of our products and services, which could cause our operating results to suffer.
  • Our success depends on our ability to protect our intellectual property rights.
  • Others may claim that we infringe on their intellectual property rights.
  • 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.
  • 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.
  • Our disclosures, initiatives and goals related to ESG matters expose us to numerous risks, including risks to our reputation, business, financial performance and growth.
  • 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.
  • We face significant competition from other technology companies.
  • 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.
  • We are subject to stringent and changing laws, regulations, standards, contractual obligations, and other obligations related to privacy, data protection, and data security. The actual, alleged, or perceived failure by us or the partners we work with to comply with such obligations could adversely affect our business, results of operations, and financial conditions.
  • Foreign currency exchange rates may adversely affect our financial statements.
  • 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 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.
  • Our actual operating results may differ significantly from our guidance.
  • Our effective tax rate may fluctuate, which could increase our income tax expense and reduce our net income.
  • We may be impacted by changes in taxation, trade, and other regulatory requirements.
  • 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.
  • 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, 2022, 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, 2022. 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 three decades of experience in providing service assurance and cybersecurity solutions that are based on our pioneering deep packet inspection technology at scale, which is used by customers worldwide to protect 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 and protection 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 data, thereby reducing meantime-to-resolution of issues and 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 such as the migration to cloud environments, the rapidly evolving cybersecurity threat landscape, business intelligence and analytics advancements, and the 5G evolution in both the service provider and enterprise customer verticals.

Content analysis

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Positive
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Uncertain
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Legalese
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Readability
H.S. junior Bad
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