NASDAQ$NTCT

NetScout Systems Inc. · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

NetScout's third-quarter fiscal year 2021 financial results were announced, and the EPS outlook for FY'21 was raised.

NETSCOUT reported a total revenue of $228.7 million for Q3 FY21, compared to $260.0 million in the same quarter of the previous year. The company's GAAP net income was $29.0 million, or $0.39 per share (diluted), versus $36.7 million, or $0.49 per share (diluted), for the third quarter of fiscal year 2020.

  • Total revenue for the third quarter of fiscal year 2021 was $228.7 million.
  • Product revenue was $115.0 million, approximately 50% of total revenue.
  • Service revenue was $113.8 million, approximately 50% of total revenue.
  • Net income (GAAP) was $29.0 million, or $0.39 per share (diluted).

Headline financials

Total Revenue

$229M

Previous: $260M-12.0%
EPS (adj)

$0.66

Previous: $0.73-9.6%
Capital Expenditures

-$9.11M

Previous: -$15.2M+40.1%
Free Cash Flow

$19.9M

Previous: $21.5M-7.5%
Net Income

$29M

Previous: $36.7M-21.0%
Operating Income

$31.8M

Previous: $36.8M-13.7%
Gross Profit

$173M

Previous: $194M-10.8%
Cash & Equivalents

$478M

Previous: $288M+66.1%
Total Assets

$3.15B

Previous: $3.13B+0.6%
Stock-Based Comp

$12.5M

Previous: $11.4M+10.2%

Revenue & EPS history

NetScout · Revenue · Quarterly

$229M

Q3 2021-12%vs Q3 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

NetScout · $229M total across 2 segments · Q3 2021

  • Product
    $115M-19.8%
  • Service
    $114M-2.5%

Forward guidance

NETSCOUT is updating its fiscal year 2021 guidance, originally issued on October 29, 2020, with one quarter remaining in the fiscal year. The expected revenue range is being narrowed, while maintaining the mid-point, and the expected net income per share range is being raised.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

+0.9%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+2.2%

Avg return

30 days after

56%

36 / 64 earnings

Positive

+18.0%

Q1 2013

Best reaction

-23.0%

Q3 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+7.7%+7.5%+14.3%
Q3 2026-4.8%-0.1%+4.9%
Q2 2026+7.1%+3.6%-1.5%
Q4 2025+1.7%+8.5%+9.9%
Q3 2025+12.1%+8.0%+0.6%
Q2 2025-1.2%+1.5%+4.4%
Q1 2025+9.8%+10.0%+15.5%
Q4 2024+1.0%+1.4%-6.8%
Q3 2024+3.7%-0.4%+0.0%
Q2 2024-0.5%-3.0%-5.7%
Q1 2024-6.0%-3.8%-4.0%
Q4 2023+13.7%+11.4%+20.2%
Q3 2023+0.7%+1.4%-9.5%
Q2 2023+0.6%+1.4%+6.2%
Q1 2023-4.2%-4.6%-12.8%
Q4 2022+3.8%+6.9%+13.7%
Q3 2022+6.0%+7.7%+6.9%
Q2 2022+2.7%-1.8%-10.3%
Q1 2022-0.8%-2.6%-3.2%
Q4 2021+2.9%+3.1%+15.6%
Q3 2021-3.4%-2.3%-6.7%
Q2 2021-2.8%-2.4%+13.7%
Q1 2021-5.7%-7.7%-13.4%
Q4 2020+0.3%-10.3%+5.9%
Q3 2020+4.7%+9.0%+4.6%
Q2 2020+11.2%+12.0%+13.6%
Q1 2020-11.4%-13.0%-14.9%
Q4 2019-1.1%-5.1%-15.9%
Q3 2019+0.0%+1.0%+5.0%
Q2 2019+14.8%+10.9%+6.0%
Q1 2019-10.6%-12.4%-15.8%
Q4 2018-1.3%+4.1%-0.4%
Q3 2018+9.2%+7.1%+0.6%
Q2 2018-7.1%-6.0%+1.8%
Q1 2018+3.3%+3.3%-3.0%
Q4 2017-6.6%-5.8%+2.2%
Q3 2017+4.0%+9.2%+17.2%
Q2 2017-5.7%-6.2%+11.0%
Q1 2017+9.6%+6.8%+16.7%
Q4 2016+2.8%
Q3 2016-23.0%
Q2 2016-8.7%
Q1 2016+6.7%
Q4 2015+0.2%
Q3 2015+4.1%
Q2 2015-0.4%
Q1 2015-0.2%
Q4 2014-0.3%
Q3 2014+11.8%
Q2 2014+14.8%
Q1 2014+0.2%
Q4 2013+3.1%
Q3 2013-7.0%
Q2 2013+6.6%
Q1 2013+18.0%
Q4 2010+3.2%
Q4 2012+3.2%
Q3 2011+3.1%
Q3 2012+3.1%
Q2 2012-3.9%
Q2 2011-3.9%
Q4 2011-10.9%
Q1 2011-10.9%
Q1 2012-10.9%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro