NetScout Systems, Inc.
Case Overview
Status: | Status: Investigating |
Company Name: | Company Name: NetScout Systems, Inc. |
Ticker: | Ticker: NTCT |
Related Attorneys: | Lead Attorneys: Thomas W. Elrod |
Related Practices: | Related Practices: Securities |
The law firm of Kirby McInerney LLP is investigating potential claims against NetScout Systems, Inc. (“NetScout” or the “Company”) (NASDAQ: NTCT). The investigation concerns whether NetScout and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
On October 16, 2023, NetScout released its preliminary financial results for the second quarter of 2023. In its preliminary financial results, the Company announced cuts to its yearly outlook, citing a slowing in order conversion. On this news, the price of NetScout shares declined by $4.58 per share, or approximately 16.6%, from $27.59 per share to close at $23.01 on October 17, 2023.
On October 16, 2023, NetScout released its preliminary financial results for the second quarter of 2023. In its preliminary financial results, the Company announced cuts to its yearly outlook, citing a slowing in order conversion. On this news, the price of NetScout shares declined by $4.58 per share, or approximately 16.6%, from $27.59 per share to close at $23.01 on October 17, 2023.