NetScout Systems, Inc. (NTCT) Stock

NetScout Systems, Inc. (NTCT) is a Technology stock trading at $38.09 (as of 2026-08-20), with a market capitalization of $2.77B and a trailing P/E of 29.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

NetScout Systems, Inc. delivers service assurance and cybersecurity offerings that help organizations monitor, analyze, and troubleshoot digital network and service performance. Its portfolio includes nGeniusONE network management software, nGeniusPULSE testing tools, and related probes, packet flow systems, and analytics used by enterprises and service providers to assess traffic and application availability across regions including the United States, Europe, and Asia.

Understand NetScout Systems, Inc.: how it makes money

NetScout Systems provides service assurance and cybersecurity solutions for digital business services, helping customers predict, preempt, and resolve network and service delivery problems using its nGeniusONE management software, plus specialized platforms and analytic modules for analyzing and troubleshooting radio access and Wi-Fi traffic.

NetScout’s profit engine is selling software and related offerings that are used to continuously monitor, analyze, and troubleshoot network and service delivery problems, which aligns with its high gross margin (81.6%) and strong operating margin (25.7%).

Revenue by segment (latest quarter)
ServiceAssurance$0.1B
Product$0.1B
Cybersecurity$0.1B

Business quality (Solid): High-level product and margin facts are clear, but the provided segment breakdowns overlap in the input, so investors should focus on operating metrics tied to service assurance and cybersecurity revenue rather than assuming the segment buckets are perfectly mutually exclusive here.

Valuation: At 32× earnings, NTCT trades in line with the Tech Hardware average (32×). Note: one-time items can distort reported P/E.

Bull case

  • High profitability: Gross margin is 81.6% and operating margin is 25.7% (period ended 2025-12-31).
  • Core focus on service assurance outcomes: Its nGeniusONE management software is designed to help customers predict, preempt, and resolve network and service delivery problems, supporting service assurance revenue.

Bear case

  • Revenue mix sensitivity: The provided revenue labels suggest multiple buckets (service assurance, product, cybersecurity). If customer spending shifts across these areas, reported results could change even if overall demand for monitoring and troubleshooting remains steady.
  • Competitive and technology change risk: NetScout operates in cybersecurity and service assurance, where customers can evaluate alternative tools and platforms for monitoring, traffic analysis, and troubleshooting.
Valuation — source: SEC EDGAR (first-party)
Price$38.09
Market Cap$2.77B
P/E Ratio29.0
EV / EBITDA13.3
Price / Book1.67
Price / Sales3.22
FCF Yield10.3%
DCF Value (model)$18.34
DCF Upside vs Price-51.9%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$859.48M
Net Margin11.1%
Revenue Growth (YoY)12.7%
EPS Growth (YoY)-700.0%
FCF Growth (YoY)-34.0%
Financial Health — source: SEC EDGAR
Altman Z-Score3.07 (safe)
Valuation vs Sector & Industry
Stock P/E29.0
Sector P/E (Technology)33.9
Industry P/E (Computers)32.1
vs Sector-14.6%
vs Industry-9.6%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($362.06M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryComputers
CEOAnil K. Singhal
Employees2,273
CountryUS
IPO Date1999-08-12

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NTCT earnings history · NTCT institutional & insider holders · NTCT KPIs & operating metrics · NTCT financials · NTCT investor presentations & press releases · NTCT SEC filings · NTCT peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.