NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against NetScout Systems, Inc. (“NetScout” or the “Company”) (NASDAQ: NTCT) on behalf of NetScout stockholders. Our investigation concerns whether NetScout has violated the federal securities laws and/or engaged in other unlawful business practices.
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NetScout designs, develops, manufactures, and markets computer network and business software application performance products, including data collection devices and analysis and presentation software.
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.
If you purchased or otherwise acquired NetScout shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at email@example.com, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
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Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.