secwatch.observer — SEC 8-K summary
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Issuer:     NETSCOUT SYSTEMS INC (NTCT)
CIK:        0001078075
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001157523-24-000109
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NetScout Q3 revenue down 19% YoY; $167M goodwill impairment; FY24 guidance cut
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1078075/000115752324000109/0001157523-24-000109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1078075/000115752324000109/a53887430.htm
  HTML page:      https://secwatch.observer/filing/0001157523-24-000109

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