NetScout Systems (NTCT)
Market Price (2/15/2026): $29.85 | Market Cap: $2.2 BilSector: Information Technology | Industry: Communications Equipment
NetScout Systems (NTCT)
Market Price (2/15/2026): $29.85Market Cap: $2.2 BilSector: Information TechnologyIndustry: Communications Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -25% | Trading close to highsDist 52W High is 0.0%, Dist 3Y High is -4.9% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.2%, Rev Chg QQuarterly Revenue Change % is -0.5% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 33%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 32% | Weak multi-year price returns3Y Excs Rtn is -69% | Key risksNTCT key risks include [1] the eroding relevance of its legacy products due to the industry's shift to the cloud, Show more. |
| Attractive yieldFCF Yield is 13% | ||
| Low stock price volatilityVol 12M is 30% | ||
| Megatrend and thematic driversMegatrends include Cybersecurity, 5G & Advanced Connectivity, and Cloud Computing. Themes include Network Security, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -25% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 33%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 32% |
| Attractive yieldFCF Yield is 13% |
| Low stock price volatilityVol 12M is 30% |
| Megatrend and thematic driversMegatrends include Cybersecurity, 5G & Advanced Connectivity, and Cloud Computing. Themes include Network Security, Show more. |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is -4.9% |
| Weak multi-year price returns3Y Excs Rtn is -69% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.2%, Rev Chg QQuarterly Revenue Change % is -0.5% |
| Key risksNTCT key risks include [1] the eroding relevance of its legacy products due to the industry's shift to the cloud, Show more. |
Qualitative Assessment
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NetScout Systems (NTCT) stock has gained about 5% since 10/31/2025 because of the following key factors:
1. Exceeding Q2 FY26 Earnings and Raising Fiscal Year Outlook.
NetScout Systems reported strong financial results for its second quarter of fiscal year 2026, which ended September 30, 2025. The company announced revenue of $219.0 million, a 15% increase year-over-year, significantly surpassing analyst estimates. Diluted earnings per share (EPS) also saw a substantial rise of approximately 32% year-over-year, reaching $0.62 and beating the Zacks Consensus Estimate of $0.45. Following this performance, NetScout raised its revenue and EPS outlook for the full fiscal year 2026, attributing the positive revision to strong first-half results and an acceleration of orders originally anticipated for the second half of the fiscal year.
2. Strong Q3 FY26 Financial Results and Further Upward Revision of FY26 Guidance.
The positive momentum continued into the third quarter of fiscal year 2026, which concluded on December 31, 2025. NetScout reported Q3 revenue of $250.68 million, once again exceeding analyst expectations. The company's Q3 EPS of $1.00 significantly beat analyst consensus estimates, which ranged from $0.84 to $0.86 per share. This strong performance led NetScout to further raise the midpoint of its fiscal year 2026 outlook for revenue and GAAP and non-GAAP net income per share.
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1. Exceeding Q2 FY26 Earnings and Raising Fiscal Year Outlook.
NetScout Systems reported strong financial results for its second quarter of fiscal year 2026, which ended September 30, 2025. The company announced revenue of $219.0 million, a 15% increase year-over-year, significantly surpassing analyst estimates. Diluted earnings per share (EPS) also saw a substantial rise of approximately 32% year-over-year, reaching $0.62 and beating the Zacks Consensus Estimate of $0.45. Following this performance, NetScout raised its revenue and EPS outlook for the full fiscal year 2026, attributing the positive revision to strong first-half results and an acceleration of orders originally anticipated for the second half of the fiscal year.
2. Strong Q3 FY26 Financial Results and Further Upward Revision of FY26 Guidance.
The positive momentum continued into the third quarter of fiscal year 2026, which concluded on December 31, 2025. NetScout reported Q3 revenue of $250.68 million, once again exceeding analyst expectations. The company's Q3 EPS of $1.00 significantly beat analyst consensus estimates, which ranged from $0.84 to $0.86 per share. This strong performance led NetScout to further raise the midpoint of its fiscal year 2026 outlook for revenue and GAAP and non-GAAP net income per share.
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Stock Movement Drivers
Fundamental Drivers
The 7.2% change in NTCT stock from 10/31/2025 to 2/14/2026 was primarily driven by a 27.7% change in the company's Net Income Margin (%).| (LTM values as of) | 10312025 | 2142026 | Change |
|---|---|---|---|
| Stock Price ($) | 27.80 | 29.79 | 7.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 835 | 861 | 3.2% |
| Net Income Margin (%) | 8.7% | 11.1% | 27.7% |
| P/E Multiple | 27.4 | 22.4 | -18.1% |
| Shares Outstanding (Mil) | 72 | 72 | -0.7% |
| Cumulative Contribution | 7.2% |
Market Drivers
10/31/2025 to 2/14/2026| Return | Correlation | |
|---|---|---|
| NTCT | 7.2% | |
| Market (SPY) | -0.0% | 41.8% |
| Sector (XLK) | -7.2% | 40.4% |
Fundamental Drivers
The 39.1% change in NTCT stock from 7/31/2025 to 2/14/2026 was primarily driven by a 33.5% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 2142026 | Change |
|---|---|---|---|
| Stock Price ($) | 21.42 | 29.79 | 39.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 823 | 861 | 4.7% |
| P/S Multiple | 1.9 | 2.5 | 33.5% |
| Shares Outstanding (Mil) | 72 | 72 | -0.5% |
| Cumulative Contribution | 39.1% |
Market Drivers
7/31/2025 to 2/14/2026| Return | Correlation | |
|---|---|---|
| NTCT | 39.1% | |
| Market (SPY) | 8.2% | 46.2% |
| Sector (XLK) | 6.4% | 42.3% |
Fundamental Drivers
The 25.0% change in NTCT stock from 1/31/2025 to 2/14/2026 was primarily driven by a 15.4% change in the company's P/S Multiple.| (LTM values as of) | 1312025 | 2142026 | Change |
|---|---|---|---|
| Stock Price ($) | 23.84 | 29.79 | 25.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 787 | 861 | 9.4% |
| P/S Multiple | 2.2 | 2.5 | 15.4% |
| Shares Outstanding (Mil) | 71 | 72 | -1.1% |
| Cumulative Contribution | 25.0% |
Market Drivers
1/31/2025 to 2/14/2026| Return | Correlation | |
|---|---|---|
| NTCT | 25.0% | |
| Market (SPY) | 14.3% | 58.1% |
| Sector (XLK) | 21.5% | 58.3% |
Fundamental Drivers
The -7.2% change in NTCT stock from 1/31/2023 to 2/14/2026 was primarily driven by a -51.8% change in the company's P/E Multiple.| (LTM values as of) | 1312023 | 2142026 | Change |
|---|---|---|---|
| Stock Price ($) | 32.10 | 29.79 | -7.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 890 | 861 | -3.2% |
| Net Income Margin (%) | 5.6% | 11.1% | 100.0% |
| P/E Multiple | 46.5 | 22.4 | -51.8% |
| Shares Outstanding (Mil) | 72 | 72 | -0.5% |
| Cumulative Contribution | -7.2% |
Market Drivers
1/31/2023 to 2/14/2026| Return | Correlation | |
|---|---|---|
| NTCT | -7.2% | |
| Market (SPY) | 74.0% | 42.3% |
| Sector (XLK) | 109.5% | 37.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NTCT Return | 21% | -2% | -32% | -1% | 25% | 5% | 4% |
| Peers Return | 40% | -38% | 28% | 10% | 36% | 16% | 90% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 82% |
Monthly Win Rates [3] | |||||||
| NTCT Win Rate | 50% | 42% | 42% | 58% | 67% | 100% | |
| Peers Win Rate | 62% | 35% | 57% | 55% | 58% | 80% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| NTCT Max Drawdown | -5% | -11% | -39% | -20% | -11% | -1% | |
| Peers Max Drawdown | -7% | -46% | -20% | -23% | -16% | -5% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: KEYS, VIAV, FFIV, AKAM, NET. See NTCT Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/13/2026 (YTD)
How Low Can It Go
| Event | NTCT | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -47.5% | -25.4% |
| % Gain to Breakeven | 90.6% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -32.1% | -33.9% |
| % Gain to Breakeven | 47.4% | 51.3% |
| Time to Breakeven | 73 days | 148 days |
| 2018 Correction | ||
| % Loss | -44.7% | -19.8% |
| % Gain to Breakeven | 80.7% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -60.9% | -56.8% |
| % Gain to Breakeven | 156.1% | 131.3% |
| Time to Breakeven | 519 days | 1,480 days |
Compare to KEYS, VIAV, FFIV, AKAM, NET
In The Past
NetScout Systems's stock fell -47.5% during the 2022 Inflation Shock from a high on 12/1/2022. A -47.5% loss requires a 90.6% gain to breakeven.
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About NetScout Systems (NTCT)
NetScout Systems, Inc. provides service assurance and cybersecurity solutions for protect digital business services against disruptions in the United States, Europe, Asia, and internationally. The company offers nGeniusONE management software that enables customers to predict, preempt, and resolve network and service delivery problems, as well as facilitate the optimization and capacity planning of their network infrastructures; and specialized platforms and analytic modules that enable its customers to analyze and troubleshoot traffic in radio access and Wi-Fi networks. It also provides nGeniusPULSE, an active testing tool that enables enterprises to identify infrastructure performance issues and determine application availability, reliability, and performance; and nGenius Business Analytics solution, which enables service providers to analyze their network traffic. In addition, the company offers ISNG, an advanced passive network probe; packet flow systems that deliver targeted network traffic access to various monitoring and security tools and systems; and a suite of test access points that enable non-disruptive access to network traffic. Further, it provides cybersecurity solutions to protect their networks against distributed denial of service attacks under the Arbor brand, such as Arbor Sightline, Arbor Threat Mitigation System, Arbor Insight, Arbor Edge Defense, and Arbor Cloud. Additionally, it offers advanced threat detection solutions, such as Omnis Cyber Investigator. It serves enterprise customers in various industries, including financial services, technology, manufacturing, healthcare, utilities, education, transportation, and retail; mobile operators, wireline operators, cable operators, Internet service providers, and cloud providers; and governmental agencies through a direct sales force, and indirect reseller and distribution channels. NetScout Systems, Inc. was incorporated in 1984 and is headquartered in Westford, Massachusetts.
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Here are 1-2 brief analogies for NetScout Systems (NTCT):
- Datadog for deep network performance and security monitoring.
- Splunk for network data analytics and threat detection.
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NetScout Systems (NTCT) Major Products and Services:
- Service Assurance Solutions: These solutions provide comprehensive visibility and analytics to monitor, troubleshoot, and ensure optimal performance of applications and services across complex IT environments.
- Cybersecurity Solutions: NetScout offers advanced threat detection, incident response, and Distributed Denial of Service (DDoS) protection by leveraging deep packet inspection and network traffic analysis.
- Packet Flow Systems (Smart Data Technology): These systems deliver the underlying technology and platforms for intelligent collection, processing, and analysis of network packet data, essential for their assurance and security offerings.
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NetScout Systems (NTCT) primarily sells its network performance management, cybersecurity, and service assurance solutions to other companies (B2B).
While NetScout Systems serves a broad range of organizations globally, it does not publicly disclose the names of individual major customers in its financial filings or investor relations materials. Instead, it categorizes its customer base into the following broad types of organizations:
- Large Enterprises: This category encompasses major corporations across diverse sectors, including financial services, technology, manufacturing, healthcare, and retail. These enterprises utilize NetScout's solutions to ensure the performance, availability, and security of their critical IT infrastructure and applications.
- Service Providers: This includes telecommunications mobile operators (e.g., for 5G network monitoring and optimization), cable operators, and managed service providers. These customers rely on NetScout for network visibility, service assurance, and to enhance subscriber experience.
- Government Entities: Federal, state, and local government agencies are also key customers, leveraging NetScout's technology for secure and efficient network operations, critical infrastructure protection, and digital transformation initiatives.
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Anil Singhal Co-founder, President, Chief Executive Officer, and Chairman of the Board
Anil Singhal co-founded NetScout in June 1984 as Frontier Software and has served as CEO since its inception. He has guided NetScout through substantial growth, including its initial public offering in 1999 and the $2.3 billion acquisition of the Danaher Communications Business in 2015. Prior to co-founding NetScout, Mr. Singhal was a Project Manager and Senior Architect at Wang Laboratories, Inc. from 1979 to 1984. Wang Laboratories was later acquired by Getronics BV in 1999.
Anthony Piazza Executive Vice President, Chief Financial Officer (Effective May 31, 2025)
Anthony Piazza is set to become the Executive Vice President and Chief Financial Officer of NetScout Systems, effective May 31, 2025.
Sanjay Munshi Chief Operating Officer (Effective May 31, 2025)
Sanjay Munshi will assume the role of Chief Operating Officer for NetScout Systems, effective May 31, 2025.
Jean Bua Executive Vice President, Chief Financial Officer, and Treasurer (Stepping down May 31, 2025)
Jean Bua has served as Executive Vice President, Chief Financial Officer, and Treasurer of NetScout Systems since 2015. Her previous roles at NetScout include Chief Accounting Officer and Vice President of Finance from 2010 to 2011. Before rejoining NetScout, she was the Executive Vice President of Finance and Treasurer of American Tower Corporation from 2009 to 2010, and earlier, she served as Senior Vice President, Chief Accounting Officer, and Worldwide Controller at Iron Mountain, Inc. Ms. Bua is stepping down from her role effective May 31, 2025.
Michael Szabados Vice Chairman
Michael Szabados currently serves as Vice Chairman for NetScout Systems. He previously held the position of Chief Operating Officer from April 2007 to May 2025, playing a critical role in the company's growth, including the acquisition of the Danaher Communications Business in 2015. Prior to joining NetScout in 1997, Mr. Szabados held senior leadership roles at companies such as UB Networks, SynOptics/Bay Networks, and MIPS Corporation, following earlier engineering and product management roles at Intel Corporation and Apple. UB Networks was acquired by Alcatel Networks Corp. in 1997. Mr. Szabados will be stepping down from his COO role effective May 31, 2025.
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NetScout Systems (NTCT) faces several key risks to its business operations:- Highly Competitive Industry and Cloud Migration: NetScout operates in a highly competitive industry characterized by strong pricing pressures and rapid technological advancements. This environment has historically impacted revenues and could continue to deteriorate operations beyond 2025. The ongoing shift towards cloud, SaaS, and AI-driven solutions, along with IT stack consolidation, poses a significant threat by potentially undermining the relevance of NetScout's legacy products and squeezing margins.
- Decline in Service Provider Revenue: The company's performance is partly dependent on customer spending in the service provider market, which has been constrained. There has been a notable decline in revenue from this traditional service provider vertical, with a 20% decrease in the first nine months of fiscal 2024 for the service assurance segment, and a 22.2% decrease in the first half of fiscal year 2025. This trend is expected to continue, with revenues projected to decrease further in fiscal years 2024 and 2025 as management does not foresee these headwinds easing soon.
- Goodwill Impairment Charges: NetScout has experienced significant non-cash goodwill impairment charges. For example, a substantial charge of $427.0 million primarily drove a GAAP net loss of $366.9 million for fiscal year 2025. While these are non-cash, one-time accounting events and do not directly affect liquidity, their magnitude can be a "red flag" for investors and indicate past overvaluations or challenges with prior acquisitions.
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The rapid adoption and market dominance of cloud-native, SaaS-based observability and monitoring platforms pose a clear emerging threat. Companies like Datadog, Dynatrace, and Splunk (with its observability suite) offer integrated solutions for application performance monitoring (APM), infrastructure monitoring, log management, and security analytics, often with a focus on ease of deployment, scalability, and unified visibility in modern, distributed, and multi-cloud environments. This trend directly challenges NetScout's traditional service assurance and network performance management solutions, particularly as enterprises accelerate their cloud migration and adopt microservices architectures. These cloud-native competitors are capturing significant market share by offering flexible, subscription-based models and solutions inherently designed for the complexities of modern cloud infrastructure, potentially displacing or limiting the growth of traditional on-premises or less cloud-integrated offerings.
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NetScout Systems (NTCT) operates in several key addressable markets, including cybersecurity, network performance monitoring, and telecom service assurance.
- Cybersecurity Solutions: The global cybersecurity market was estimated at USD 245.62 billion in 2024 and is projected to reach USD 500.70 billion by 2030, with a compound annual growth rate (CAGR) of 12.9% from 2025 to 2030. North America is a dominant region in this market, holding a market share of over 34% in 2024.
- Network Performance Monitoring (NPM): The global network monitoring market was valued at USD 3.71 billion in 2024. This market is projected to grow to USD 8.24 billion by 2032, exhibiting a CAGR of 10.4% during the forecast period. In 2024, North America held the largest share of this market, at 42.32%.
- Telecom Service Assurance: The global Telecom Service Assurance Market was valued at USD 4.82 billion in 2024. It is projected to reach USD 20.85 billion by 2034, growing at a robust CAGR of 15.49% during 2025–2034. North America is expected to maintain the largest market share in the global telecom service assurance market.
- 5G Network and Service Assurance: The global 5G network and assurance market is projected to attain a market size of US$5.027 billion in 2025 and grow to US$7.027 billion by 2030, at a CAGR of 6.93%.
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NetScout Systems (NTCT) is positioned for future revenue growth over the next 2-3 years, driven by several strategic initiatives and market trends. These include continued strength in its cybersecurity offerings, AI-driven product innovation, expansion of its service assurance portfolio, and robust demand from the federal government sector.
Here are 3-5 expected drivers of future revenue growth for NetScout Systems:
- Growth in Cybersecurity Solutions: NetScout is experiencing significant growth in its cybersecurity segment, with revenue in this area showing strong year-over-year increases. For instance, cybersecurity revenue grew by 18.3% in Q1 FY26 and continued double-digit growth in Q2 FY26. The company is focused on enhancing its cybersecurity offerings, including new cyber intelligence, to meet the evolving threat landscape.
- AI-driven Product Innovation and Smart Data Integration: A key strategic initiative for NetScout is the integration of Artificial Intelligence (AI) into its products to drive innovation. The company has emphasized its differentiation by "feeding smart data to algorithms in a unique way" and has introduced new AI-driven product enhancements. This focus aims to provide advanced solutions and maintain a competitive edge.
- Expansion of Service Assurance Offerings and AIOps: NetScout continues to expand its service assurance capabilities, which also contributed to revenue growth, with service assurance revenue increasing by 10.1% in the first half of fiscal year 2026. The company is investing in AIOps (AI operations) and edge instrumentation, recognizing the growing interest from customers in these areas. Enterprise customers are increasingly investing in digital transformation initiatives that require enhanced visibility, observability, and AIOps.
- Increased Demand from the Federal Government Sector: The federal government has emerged as a particularly strong customer vertical for NetScout, demonstrating robust underlying demand and an acceleration of orders in the first half of FY26. This sector has been a significant contributor to recent strong financial results.
- Strategic Shift Towards Software-Related Sales: NetScout is undergoing a strategic transition towards a higher proportion of software-related sales. This shift, while also contributing to improved gross margins, implies an increase in scalable software revenue within the company's overall sales mix, supporting sustained growth.
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Share Repurchases
- NetScout Systems utilized $56.92 million to repurchase 2,737,970 shares of its common stock during the first quarter of fiscal year 2026, which ended on August 7, 2025.
- During the second quarter of fiscal year 2026, which ended September 30, 2025, NetScout repurchased approximately 741,000 shares for an aggregate of $16.6 million.
- As of September 30, 2024, the company had completed repurchases of 1,976,721 shares for $41.9 million under a buyback plan announced on May 5, 2022. NetScout intends to remain active in the market for share repurchases during the remainder of fiscal year 2026, leveraging its existing authorization capacity.
Share Issuance
- NetScout Systems expanded its 2019 Equity Incentive Plan in September 2024, adding 3.4 million shares authorized for issuance to align employee interests with shareholders.
- The weighted average diluted shares outstanding have remained relatively stable, fluctuating around 71 to 73 million shares from Q4 2022 to Q3 2025.
- As of January 30, 2025, the number of outstanding common shares was 71,754,689.
Outbound Investments
- In February 2020, NetScout acquired Gigavation, a cybersecurity company, for $8.0 million.
- The company divested its Test Optimization business in September 2023 for $8.3 million.
- NetScout completed the sale of a foreign investment on August 4, 2025, for $11.8 million, which had an original purchase price of $7.5 million.
Capital Expenditures
- Capital investments in property, plant, and equipment have ranged modestly from approximately $1.0 million to $3.5 million per quarter between Q4 2022 and Q3 2025.
- For the six months ended September 30, 2025, $4.1 million was used for capital expenditures.
- The company plans to continue investing in capital expenditures to support its infrastructure through the remainder of fiscal year 2026.
Latest Trefis Analyses
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 153.81 |
| Mkt Cap | 15.9 |
| Rev LTM | 2,579 |
| Op Inc LTM | 374 |
| FCF LTM | 497 |
| FCF 3Y Avg | 455 |
| CFO LTM | 723 |
| CFO 3Y Avg | 587 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.4% |
| Rev Chg 3Y Avg | 3.1% |
| Rev Chg Q | 8.8% |
| QoQ Delta Rev Chg LTM | 2.2% |
| Op Mgn LTM | 14.2% |
| Op Mgn 3Y Avg | 13.1% |
| QoQ Delta Op Mgn LTM | -0.3% |
| CFO/Rev LTM | 27.8% |
| CFO/Rev 3Y Avg | 23.7% |
| FCF/Rev LTM | 20.6% |
| FCF/Rev 3Y Avg | 19.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 15.9 |
| P/S | 4.9 |
| P/EBIT | 21.7 |
| P/E | 22.4 |
| P/CFO | 23.0 |
| Total Yield | 2.6% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 4.4% |
| D/E | 0.1 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 7.7% |
| 3M Rtn | 22.6% |
| 6M Rtn | 37.9% |
| 12M Rtn | 18.7% |
| 3Y Rtn | 63.9% |
| 1M Excs Rtn | 11.2% |
| 3M Excs Rtn | 19.3% |
| 6M Excs Rtn | 31.8% |
| 12M Excs Rtn | 5.5% |
| 3Y Excs Rtn | -6.9% |
Comparison Analyses
Price Behavior
Price Behavior
| Market Price | $29.79 | |
| Market Cap ($ Bil) | 2.1 | |
| First Trading Date | 08/12/1999 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $27.66 | $25.22 |
| DMA Trend | up | up |
| Distance from DMA | 7.7% | 18.1% |
| 3M | 1YR | |
| Volatility | 27.0% | 29.8% |
| Downside Capture | 121.11 | 93.11 |
| Upside Capture | 158.62 | 102.90 |
| Correlation (SPY) | 53.5% | 59.2% |
NTCT Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.99 | 1.21 | 1.13 | 1.19 | 0.90 | 0.92 |
| Up Beta | 2.31 | 2.44 | 2.07 | 2.02 | 0.86 | 0.98 |
| Down Beta | -0.11 | 0.54 | 0.84 | 0.69 | 0.78 | 0.85 |
| Up Capture | 163% | 149% | 97% | 154% | 101% | 51% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 12 | 21 | 29 | 69 | 121 | 359 |
| Down Capture | 149% | 127% | 106% | 93% | 103% | 101% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 8 | 20 | 32 | 55 | 127 | 383 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NTCT | |
|---|---|---|---|---|
| NTCT | 28.1% | 29.6% | 0.84 | - |
| Sector ETF (XLK) | 19.0% | 27.6% | 0.61 | 58.8% |
| Equity (SPY) | 14.0% | 19.4% | 0.55 | 58.7% |
| Gold (GLD) | 74.3% | 25.3% | 2.17 | 2.3% |
| Commodities (DBC) | 7.0% | 16.7% | 0.24 | 13.1% |
| Real Estate (VNQ) | 7.9% | 16.6% | 0.28 | 38.2% |
| Bitcoin (BTCUSD) | -29.8% | 44.9% | -0.65 | 33.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NTCT | |
|---|---|---|---|---|
| NTCT | -0.4% | 32.5% | 0.04 | - |
| Sector ETF (XLK) | 16.2% | 24.8% | 0.59 | 41.8% |
| Equity (SPY) | 13.3% | 17.0% | 0.62 | 45.8% |
| Gold (GLD) | 22.1% | 17.0% | 1.06 | 5.8% |
| Commodities (DBC) | 10.5% | 18.9% | 0.44 | 14.3% |
| Real Estate (VNQ) | 5.2% | 18.8% | 0.18 | 36.7% |
| Bitcoin (BTCUSD) | 8.3% | 57.2% | 0.37 | 19.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NTCT | |
|---|---|---|---|---|
| NTCT | 4.4% | 33.9% | 0.22 | - |
| Sector ETF (XLK) | 23.0% | 24.2% | 0.86 | 47.1% |
| Equity (SPY) | 15.6% | 17.9% | 0.75 | 52.1% |
| Gold (GLD) | 15.3% | 15.6% | 0.82 | 3.1% |
| Commodities (DBC) | 8.1% | 17.6% | 0.38 | 20.6% |
| Real Estate (VNQ) | 6.4% | 20.7% | 0.27 | 41.1% |
| Bitcoin (BTCUSD) | 67.9% | 66.7% | 1.07 | 13.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/5/2026 | -4.8% | ||
| 11/6/2025 | 7.1% | 3.3% | -1.2% |
| 8/7/2025 | -2.0% | 6.7% | 14.5% |
| 5/8/2025 | 1.7% | 6.8% | 9.9% |
| 1/30/2025 | 12.1% | 10.4% | 0.6% |
| 10/24/2024 | -2.1% | 1.7% | 3.2% |
| 1/25/2024 | 6.0% | -0.8% | 0.0% |
| 10/16/2023 | -16.6% | -20.6% | -23.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 10 | 11 |
| # Negative | 11 | 11 | 10 |
| Median Positive | 6.0% | 6.4% | 9.9% |
| Median Negative | -2.3% | -3.9% | -9.9% |
| Max Positive | 13.9% | 12.0% | 20.2% |
| Max Negative | -16.6% | -20.6% | -23.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/05/2026 | 10-Q |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/15/2025 | 10-K |
| 12/31/2024 | 02/06/2025 | 10-Q |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/05/2024 | 10-Q |
| 03/31/2024 | 05/16/2024 | 10-K |
| 12/31/2023 | 02/08/2024 | 10-Q |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/16/2023 | 10-K |
| 12/31/2022 | 02/02/2023 | 10-Q |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/19/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Perretta, Christopher | Direct | Sell | 12152025 | 28.01 | 10,000 | 280,100 | 1,144,657 | Form | |
| 2 | Munshi, Sanjay | Chief Operating Officer | Direct | Sell | 12052025 | 27.23 | 2,000 | 54,460 | 170,296 | Form |
| 3 | Hadzima, Joseph G Jr | Direct | Sell | 11212025 | 25.63 | 3,113 | 79,786 | 3,285,382 | Form | |
| 4 | Szabados, Michael | Direct | Sell | 11142025 | 28.35 | 4,000 | 113,400 | 1,148,005 | Form | |
| 5 | Downing, John | EVP, World-Wide Sales | Direct | Sell | 11072025 | 30.00 | 3,000 | 90,000 | 4,064,820 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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