{"schema_version":"secwatch.filing_event.v1","accession":"0001157523-23-001619","form_type":"8-K","ticker":"NTCT","cik":"0001078075","company_name":"NETSCOUT SYSTEMS INC","filed_at":"2023-11-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.142948+00:00","generated_at":"2026-06-08T23:19:23.744050+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"NetScout Q2 revenue down 13.7% to $196.8M; FY2024 guidance lowered on slowing order conversion","bullets":["Q2 revenue $196.8M vs $228.1M YoY; product revenue fell 28% to $80.5M, service revenue flat at $116.3M.","GAAP EPS $0.29 vs $0.24; non-GAAP EPS $0.61 vs $0.57; operating margins improved despite lower revenue.","FY2024 revenue guidance cut to $840-860M from $915-945M; non-GAAP EPS guided $2.00-2.20 from $2.20-2.32.","CEO cites industry headwinds and slowing order conversion late in Q2; expects persistence into H2; cost actions taken.","Repurchased 1.1M shares for $31.2M; cash and securities $332.6M, $100M drawn on $800M revolver."],"urls":{"canonical":"https://secwatch.observer/filing/0001157523-23-001619","json":"https://secwatch.observer/filing/0001157523-23-001619.json","markdown":"https://secwatch.observer/filing/0001157523-23-001619.md","text":"https://secwatch.observer/filing/0001157523-23-001619.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1078075/000115752323001619/0001157523-23-001619-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1078075/000115752323001619/a53730548.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T23:19:23.744050+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4aa748031ef9c82a04e5d5fb7dfcacfe76893ebe","claim":"NETSCOUT SYSTEMS INC reported second quarter of fiscal year 2024 ended September 30, 2023 results: revenue $196.8 million, net income $21.5 million, or $0.29 per share (diluted), EPS $0.29 per share (diluted).","evidence_excerpt":"Total revenue (GAAP and non-GAAP) for the second quarter of fiscal year 2024 was $196.8 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1078075/000115752323001619/0001157523-23-001619-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter of fiscal year 2024 ended September 30, 2023"},{"label":"Revenue","value":"$196.8 million"},{"label":"Net income","value":"$21.5 million, or $0.29 per share (diluted)"},{"label":"EPS","value":"$0.29 per share (diluted)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}