Key Developments For NetScout Systems Inc
NetScout Systems Inc (NTCT.O) (Nasdaq)
NetScout Systems, Inc. Lowers High End Of Prior FY 2010 Revenue Guidance; Raises Low End Of Prior FY 2010 EPS Guidance To A Range Above Analysts' Estimates
NetScout Systems, Inc. announced that the Company tightened the guidance range, lowering the high end of revenue guidance and raising the low end of net income per diluted share guidance for fiscal 2010. GAAP revenue is now expected to be in the range of $259-$269 million and non-GAAP revenue between $260-$270 million. GAAP net income per diluted share is now expected to be in the range of $0.65-$0.75 and non-GAAP net income per diluted share is expected to be between $0.85-$0.95. The fiscal 2010 non-GAAP revenue expectation excludes the purchase accounting adjustment to fair value of approximately $1.3 million of Network General's deferred revenue and the non-GAAP net income per diluted share expectation excludes the deferred revenue purchase accounting adjustment, as well as share-based compensation expenses of approximately $5.6 million, amortization of acquired intangible assets of approximately $5.9 million and the related impact of these adjustments on the provision for income taxes of $4.9 million. According to Reuters Estimates, analysts were expecting the Company to report revenues of $262 million and EPS of $0.83 for the same period.
NetScout Systems, Inc. Reiterates FY 2010 Outlook
NetScout Systems, Inc. reiterated its fiscal 2010 outlook and expects GAAP revenue to be in the range of $259-$279 million and non-GAAP revenue between $260-$280 million. GAAP net income per diluted share (EPS) is expected to be in the range of $0.60-$0.75 and non-GAAP EPS is expected to be between $0.80-$0.95. According to Reuters Estimates, analysts were expecting the Company to report revenues of $277 million and non-GAAP EPS of $0.86 for the same period.
NetScout Systems, Inc. Issues FY 2010 Guidance; Revenue Guidance Below Analysts' Estimates
NetScout Systems, Inc. announced that for fiscal 2010, it expects revenue, both GAAP and non-GAAP, to be in the range of $260 to $280 million, GAAP net income per diluted share to be in the range of $0.60 to $0.75 and non-GAAP net income per diluted share (EPS) between $0.80 to $0.95. The fiscal 2010 non-GAAP revenue expectation excludes the purchase accounting adjustment to fair value of approximately $1.3 million of Network General's deferred revenue and the non-GAAP net income per diluted share expectation excludes the deferred revenue purchase accounting adjustment as well as share-based compensation expenses of approximately $5.1 million, amortization of acquired intangible assets of approximately $5.9 million, and the related impact of these adjustments on the provision for income taxes of $4.7 million. According to Reuters Estimates, analysts on an average were expecting the Company to report non-GAAP EPS of $0.86 on revenue of $284 million for fiscal 2010.
Acacia Research - Acacia Technologies' Subsidiary Enters into Settlement and License Agreement with NetScout Systems, Inc.
Acacia Research - Acacia Technologies announced that its Diagnostic Systems Corporation subsidiary has entered into a settlement and license agreement with NetScout Systems, Inc. covering a portfolio of patents that apply to rule-based monitoring. This resolves a dispute that was pending in the District Court for the Central District of California.
NetScout Systems, Inc. Reaffirms FY 2009 Guidance
NetScout Systems, Inc. reiterated its raised guidance for the balance of fiscal 2009. On January 6, 2009 the Company raised its guidance for revenue and net income per diluted share for fiscal 2009. GAAP revenue is now expected to be in the range of $266-$274 million, with GAAP net income per diluted share between $0.44-$0.54, and non GAAP revenue in the range of $278-$286 million, with non GAAP net income per diluted share between $0.81-$0.91. According to Reuters Estimates, analysts were expecting the Company to report revenue of $283 million and EPS of $0.84 for fiscal 2009.
