NetScout Shares Drop

NetScout Systems (NTCT) shares fell 8% in morning trading on Thursday after the provider of products that gauge network performance provided downbeat revenue guidance for the current fiscal year. For FY18, the company expects non-GAAP revenue to be relatively flat compared with FY17, and non-GAAP EPS growth to be, on a percentage basis, in the mid-single to high single-digit range. Analysts had predicted $1.25 billion in revenue, and $2.13 in EPS.

In fiscal Q4 ended March 31, NetScount reported adjusted earnings of $0.65 per share, above the $0.62 average estimate of analysts surveyed by Capital IQ. Q4 revenue increased to $327.2 million, from $308.7 million a year earlier. That matched the analyst consensus.

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