Feed / NTCT

NetScout Systems, Inc.

NTCT

Technology · 38.03 +1.6% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

NetScout Systems, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 18 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 15 directly disclosed connections are confirming.

Company+1.6% todayVolume comparison unavailable
Market group0 of 18 activeTechnology-Heavy Mixed · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
  • NTCT's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if NTCT's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Technology · Software - Infrastructure

No new filing conclusion is available. 0 of 18 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 15 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • NTCT's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations328
Usable filing statements122
Verified relationships13
Evidence supporting the case
  • Operating margin changed +57.5 percentage points in the latest annual period.
  • Net margin changed +55.7 percentage points in the latest annual period.
  • Operating cash flow covered net income at 3.08x in the latest annual period.
Evidence challenging the case
  • Diluted shares increased 2.4% in the latest annual period.
  • Foreign exchange has repeated adverse evidence across 4 filings.
  • Credit and interest rates has repeated adverse evidence across 3 filings.
  • Product pipeline and R&D has repeated adverse evidence across 3 filings.
  • Restructuring and cost reductions has repeated adverse evidence across 3 filings.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 11, 2026

38.03
6m+26.5%12m+51.9%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2022-03-31$855.6M+2.9%$0.48+1.7%
2023-03-31$914.5M+6.9%$0.82-2.7%
2024-03-31$829.5M-9.3%$-2.07-2.2%
2025-03-31$822.7M-0.8%$-5.12+0.2%
2026-03-31$859.5M+4.5%$1.30+2.4%

What management says matters

Persistent and emerging business drivers

Foreign exchangenegative · 4 filings
Given that cash is typically received over an extended period of time for many of our license and support agreements and given that a material portion of our revenue is generated outside of the United States, fluctuations in foreign exchange rates (including…
10-K · May 14, 2026
Credit and interest ratesnegative · 3 filings
Interest and Other Income (Expense), Net Nine Months Ended Change December 31, (Dollars in Thousands) 2025 2024 % of Revenue % of Revenue $ % Interest and other income (expense), net $ 4,925 1 % $ 3,493 1 % $ 1,432 41 % The 41%, or $1.4 million, increase in i…
10-Q · Feb 5, 2026
Product pipeline and R&Dnegative · 3 filings
The 3%, or $3.6 million, increase in research and development expenses for the nine months ended December 31, 2025 compared to the same period last year was primarily due to an increase in employee-related variable incentive compensation, partially offset by…
10-Q · Feb 5, 2026
Restructuring and cost reductionsnegative · 3 filings
As a result of that interim impairment test, we recorded a $427.0 million goodwill impairment charge during the nine months ended December 31, 2024.
10-Q · Feb 5, 2026

Valuation discipline

Peer-relative valuation withheld

Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

38.03+1.6% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for NTCT. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for NTCT. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind NTCT

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

JPMJPMorgan Chase & Co.lenderAug 7, 2025

On October 4, 2024, we amended and restated the Second Amended and Restated Credit Agreement (as amended and restated, the Third Amended and Restated Credit Agreement) with a syndicate of lenders by and among: us, as borrower; certain subsidiaries of NetScout…

CSCOCisco Systems, Inc.partnerMay 14, 2026

In addition, we have embedded NetScout Arbor DDoS mitigation capabilities on a blade within Cisco's market-leading ASR9000 router and will continue to evaluate partnership opportunities to support integration of its smart DDoS capabilities into various third-…

Depended on by

ANETArista Networks, Inc.competitorFeb 17, 2026

In the network packet broker ("NPB") market, Arista DANZ Monitoring Fabric ("DMF") competes with Cisco, Gigamon, Keysight, Netscout and other network monitoring software providers.

Filing peers

No filing peers are available for this name yet.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 12 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

NTCT is currently a Participant in the organic co-movement group Technology-Heavy Mixed. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for NTCT; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.