0.29% -0.06

Netscout Systems Inc (NTCT)

Overview News Price History Option Chain Financials Why NTCT Down? Discussions Forecast

Why is Netscout Systems Inc (NTCT) Stock down?

We've noticed a 7.09% decline in Netscout Systems Inc (NTCT) stock during the 2024-03-18 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

17 Oct, 2023:

NetScout Systems Stock (NTCT) dropped by 16.58% from $27.59 to $23.02 in the trading on Tuesday October 17, 2023. The reason why NTCT stock down today is due to the weak preliminary Q2 results and lower FY24 guidance, hurt by recent slowing in order conversion.

Q2 revenue to be in the range of $195M - $197M, below market consensus of $223.35M.
Annual revenue to be in the range of $840M - $860M, down from previous guidance of $915M - $945M.
Non- GAAP net income per share to be in the range of $2.00 - $2.20, as compared to the prior outlook of $2.20 - $2.32.
GAAP earnings per share to be in the range of $0.69 - $0.89, down from its previous guidance of $0.86 - $0.98.