{"schema_version":"secwatch.filing_event.v1","accession":"0001157523-24-000109","form_type":"8-K","ticker":"NTCT","cik":"0001078075","company_name":"NETSCOUT SYSTEMS INC","filed_at":"2024-01-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.304701+00:00","generated_at":"2026-06-06T17:30:17.131000+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 Q3 revenue down 19% YoY; $167M goodwill impairment; FY24 guidance cut","bullets":["Q3 revenue $218.1M (down 19% YoY); GAAP net loss $132.6M (-$1.87) vs net income $52.6M last year.","Non-cash goodwill impairment of $167.1M drives GAAP loss; non-GAAP net income $52.0M ($0.73) vs $73.0M.","Cybersecurity business grew YoY; service assurance constrained with elongated sales cycles.","FY24 revenue guidance ~$840M (low end); non-GAAP EPS $2.15-2.20 (high end of prior $2.00-2.20).","Cash $330.1M, debt $100M; repurchased 705,892 shares at $26.66 avg in Q3."],"urls":{"canonical":"https://secwatch.observer/filing/0001157523-24-000109","json":"https://secwatch.observer/filing/0001157523-24-000109.json","markdown":"https://secwatch.observer/filing/0001157523-24-000109.md","text":"https://secwatch.observer/filing/0001157523-24-000109.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1078075/000115752324000109/0001157523-24-000109-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1078075/000115752324000109/a53887430.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T17:30:17.131000+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":"0086e5039c4609825fa7e967a2a0a00b1c567d68","claim":"NETSCOUT SYSTEMS INC reported full fiscal year 2024 results: revenue we expect to deliver full fiscal year 2024 revenue at the low-end of our previously disclosed target range, EPS non-GAAP EPS performance is expected to be at the higher end of our previously disclosed range. Guidance lowered.","evidence_excerpt":"we expect to deliver full fiscal year 2024 revenue at the low-end of our previously disclosed target range as we continue to navigate the current market environment. From a bottom-line standpoint, our GAAP results for the fiscal year will include a third quarter non-cash goodwill impairment charge. Our non-GAAP EPS performance is expected to be at the higher end of our previously disclosed range due to benefits from our ongoing cost containment actions.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1078075/000115752324000109/0001157523-24-000109-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full fiscal year 2024"},{"label":"Revenue","value":"we expect to deliver full fiscal year 2024 revenue at the low-end of our previously disclosed target range"},{"label":"EPS","value":"non-GAAP EPS performance is expected to be at the higher end of our previously disclosed range"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"40411d55e478600a062ca1bc59be8b17296f42a0","claim":"NETSCOUT SYSTEMS INC reported third quarter of fiscal year 2024 ended December 31, 2023 results: net income On a non-GAAP basis, net income for the third quarter of fiscal year 2024 was $52.0 million, EPS $0.73 per share (diluted).","evidence_excerpt":"Total revenue (GAAP and non-GAAP) for the third quarter of fiscal year 2024 was $218.1 million, compared with $269.5 million (GAAP and non-GAAP) in the third quarter of fiscal year 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1078075/000115752324000109/0001157523-24-000109-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter of fiscal year 2024 ended December 31, 2023"},{"label":"Net income","value":"On a non-GAAP basis, net income for the third quarter of fiscal year 2024 was $52.0 million"},{"label":"EPS","value":"$0.73 per share (diluted)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"40411d55e478600a062ca1bc59be8b17296f42a0","claim":"NETSCOUT SYSTEMS INC reported third quarter of fiscal year 2024 ended December 31, 2023 results: net income On a non-GAAP basis, net income for the third quarter of fiscal year 2024 was $52.0 million, EPS $0.73 per share (diluted).","evidence_excerpt":"On a non-GAAP basis, net income for the third quarter of fiscal year 2024 was $52.0 million, or $0.73 per share (diluted), compared with $73.0 million, or $1.00 per share (diluted), for the third quarter of fiscal year 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1078075/000115752324000109/0001157523-24-000109-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter of fiscal year 2024 ended December 31, 2023"},{"label":"Net income","value":"On a non-GAAP basis, net income for the third quarter of fiscal year 2024 was $52.0 million"},{"label":"EPS","value":"$0.73 per share (diluted)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"cd68af31ea412d5d58071bfb9a8075c9a5179855","claim":"NETSCOUT SYSTEMS INC reported third quarter of fiscal year 2023 ended December 31, 2022 results: revenue Total revenue (GAAP and non-GAAP) for the third quarter of fiscal year 2024 was $218.1 million, compared with $269.5 mil.","evidence_excerpt":"Total revenue (GAAP and non-GAAP) for the third quarter of fiscal year 2024 was $218.1 million, compared with $269.5 million (GAAP and non-GAAP) in the third quarter of fiscal year 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1078075/000115752324000109/0001157523-24-000109-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter of fiscal year 2023 ended December 31, 2022"},{"label":"Revenue","value":"Total revenue (GAAP and non-GAAP) for the third quarter of fiscal year 2024 was $218.1 million, compared with $269.5 mil"},{"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"}