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Jean A. Bua, the Executive Vice President, Chief Financial Officer, and Treasurer of NetScout Systems Inc. (NASDAQ:NTCT), a $1.73 billion market cap company with impressive gross profit margins of ~78%, sold 11,999 shares of the company's common stock on February 13, according to a recent SEC filing. The shares were sold at a weighted average price of $23.9214, resulting in a total transaction value of approximately $287,032. The sale was conducted under a 10b5-1 plan adopted by Bua in November 2024. Following the transaction, Bua holds 71,361 shares of NetScout Systems. The sale was executed through multiple transactions, with individual share prices ranging from $23.8023 to $24.0618. According to InvestingPro analysis, NTCT has shown strong momentum with a 28% price gain over the past six months, and the stock appears to be trading below its Fair Value. InvestingPro subscribers have access to 8 additional key insights about NTCT's financial health and future prospects.
In other recent news, NetScout Systems Inc. reported strong financial results for the third quarter of fiscal year 2025, surpassing market expectations. The company's earnings per share (EPS) reached $0.94, outperforming the forecast of $0.73, while revenue hit $252 million, exceeding the anticipated $220.97 million. NetScout's Q3 FY2025 revenue increased by 16% year-over-year, and its EPS rose by 29% compared to the previous year. The company also saw a notable improvement in its operating profit margin, which increased to 35.6%. In addition, NetScout has provided full-year revenue guidance of $810 million to $820 million. These are recent developments that reflect the company's strong position in the cybersecurity and network visibility markets.
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