NetScout Sees FY24 Revenue ~$840M Vs Prior Range Of $840M-$860M, $842.92M Estimate
Portfolio Pulse from Benzinga Newsdesk
NetScout Systems, Inc. has updated its FY24 revenue forecast to approximately $840 million, which is at the lower end of its previous guidance range of $840 million to $860 million. This new forecast is slightly below the consensus estimate of $842.92 million.

January 25, 2024 | 12:35 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
NetScout Systems, Inc. (NTCT) has narrowed its FY24 revenue outlook to about $840M, which is at the lower end of its prior forecast and just below the analyst estimate.
NetScout's updated revenue guidance, which is at the lower end of its previous range and below the consensus estimate, may be perceived negatively by investors. This could lead to a short-term decrease in stock price as it suggests a potential slowdown in growth or unmet expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100