Overview

* Netscout ( NTCT ) fiscal Q1 revenue rises to $186.7 mln from $174.6 mln yr/yr

* Non-GAAP net income for fiscal Q1 increases to $24.7 mln, $0.34/share

* Co repurchased 761,249 shares for $15 mln during fiscal Q1

Outlook

* Netscout ( NTCT ) sees fiscal year 2026 revenue between $825 mln and $865 mln

* Company expects GAAP EPS for fiscal year 2026 between $1.07 and $1.22

* Netscout ( NTCT ) anticipates non-GAAP EPS for fiscal year 2026 between $2.25 and $2.40

* Company remains cautiously optimistic amid macroeconomic uncertainty

Result Drivers

* CYBERSECURITY & SERVICE ASSURANCE - Growth in these product lines supported Q1 results, per CEO Anil Singhal

* PRODUCT REVENUE INCREASE - Product revenue rose to $73 mln, making up 39% of total revenue, compared to 35% in the prior year

* BACKLOG GROWTH - Total product backlog increased to $30.9 mln, up from $15.3 mln year-ago

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 $24.70

Adjusted mln

Net

Income

Q1 Net -$3.70

Income mln

Q1 14.2%

Adjusted

Operatin

g Margin

Q1 -3.5%

Operatin

g Margin

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the it services & consulting peer group is "buy."

* Wall Street's median 12-month price target for Netscout Systems Inc ( NTCT ) is $23.45, about 7.4% above its August 6 closing price of $21.72

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)