Netscout Systems Inc (NTCT) Q1 2022 Earnings Call Transcript

Opt-in to Cyber Safety. Multiple layers of protection for your devices, online privacy and more.


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Netscout Systems Inc (NASDAQ:NTCT)
Q1 2022 Earnings Call
Jul 30, 2021, 9:30 p.m. ET

Contents:

  • Prepared Remarks
  • Questions and Answers
  • Call Participants

Prepared Remarks:

Operator

Ladies and gentlemen, thank you for standing by and welcome to NETSCOUT’s First Quarter Fiscal Year 2022 Financial Results Conference Call. [Operator Instructions] Tony Piazza, Vice President of Corporate Finance, and his colleagues at NETSCOUT are on the line with us today.

[Operator Instructions] I would now like to turn the call over to Tony Piazza to begin the Company’s prepared remarks.

Tony PiazzaVice President, Corporate Finance

Thank you, Operator and good morning, everyone. Welcome to NETSCOUT’s first quarter fiscal year 2022 conference call for the period ended June 30, 2021. Joining me today are Anil Singhal, NETSCOUT’s President and Chief Executive Officer; Michael Szabados, NETSCOUT’s Chief Operating Officer; and Jean Bua, NETSCOUT’s Executive Vice President and Chief Financial Officer. There is a slide presentation that accompanies our prepared remarks. You can advance the slides in the webcast viewer to follow our commentary. Both the slides and the prepared remarks can be accessed in multiple areas within the Investor Relations section of our website at www.netscout.com including the IR landing page under financial results, the webcast itself and under financial information on the quarterly results page.

Moving to Slide number three. Today’s conference call will include forward-looking statements. These statements may be prefaced by words such as anticipate, believe and expect and will cover a range of topics that are not strictly historical facts such as our financial outlook, our market opportunities and market share, key business initiatives and future product plans along with their potential impact on our financial performance. These forward-looking statements involve risks and uncertainties, and actual results could differ materially from those forward-looking statements due to known and unknown risks, uncertainties, assumptions and other factors, which are described on this slide and in today’s financial results…

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NSA Warns Public Networks are Hacker Hotbeds – Threatpost

Opt-in to Cyber Safety. Multiple layers of protection for your devices, online privacy and more.



NSA Warns Public Networks are Hacker Hotbeds  Threatpost

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How Machine Learning can Help Fight Against Phishing Attacks


Machine learning techniques can assist increase the security of any mobile device, making them acceptable as employee IDs and removing the need for easily hacked passwords. Endpoint security must be hardened to the mobile device level as part of any organization’s Zero Trust Security initiative today.

Fremont, CA: Mobile devices are attractive to hackers because they are built to provide speedy answers based on little contextual information. According to Verizon’s 2020 Data Breach Investigations Report (DBIR), hackers are succeeding with integrated email, SMS, and link-based social media attacks focused on acquiring passwords and privileged access credentials. And, with such a growing number of breaches originating on mobile devices, according to Verizon’s Mobile Security Index 2020, and 83 percent of all social media visits in the United States occurring on mobile devices, as per Merkle’s Digital Marketing Report Q4 2019, applying machine learning to harden mobile threat defense should be at the top of any CISO’s priority list right now.

Google’s use of machine learning to combat the onslaught of phishing assaults during the Covid-19 outbreak provides insight into the magnitude of these dangers. Gmail blocks 100 million phishing emails every day. Google’s G-Mail Security team saw 18M daily malware as well as phishing emails related to Covid-19 during a week in April of this year. Google’s machine learning models are growing to understand and filter phishing threats, and they have effectively blocked more than 99.9 percent of spam, phishing, and malware from reaching Gmail users. Microsoft thwarts billions of phishing attempts on Office365 alone each year by leveraging heuristics, detonation, and machine learning, which Microsoft Threat Protection Services bolster.

According to a recent research report, 42 percent of the US labor force currently works from home (SIEPR). The bulk of people who work from home are in professional, technical, or managerial professions, and they rely on various mobile devices to complete their tasks. The ever-increasing number of threat surfaces that all enterprises must deal with nowadays is the ideal use case for preventing phishing efforts…

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International Space Station stabilizes after just-docked Russian module suddenly fires thrusters • The Register


The International Space Station tilted 45 degrees today after Nauka, a just-docked Russian module, suddenly and unexpectedly fired its thrusters.

The launch of Nauka, also known as the Multipurpose Laboratory Module, did not go smoothly. Engine troubles and dodgy docking sensors meant that the vehicle did not rendezvous with the orbiting lab until today. It blasted off atop a Proton-M rocket from the Baikonur Cosmodrome in Kazakhstan eight days earlier.

Even after the vehicle finally managed to dock, problems did not stop there. Within hours of it attaching itself to the space station, its engines began aimlessly firing. The generated thrust caused the whole space station to lose attitude control, according to NASA:

“The crew is not in any danger, never was in any danger, and attitude control has been regained,” NASA spokesperson Rob Navias said about an hour after the thrusters briefly fired at around 1645 GMT. Communications between ground and the station were lost for 11 minutes during the burn, which was at one point declared a “spacecraft emergency” by NASA officials.

Indeed, we’re told none of the seven astronauts on board the station were harmed during the scare. The crew right now is made up of cosmonauts Oleg Novitskiy and Pyotr Dubrov, who were in the Zvezda module connected to Nauka at the time; Akihiko Hoshide from the Japan Aerospace Exploration Agency; Thomas Pesquet from the European Space Agency; and NASA’s Shane Kimbrough, Megan McArthur, and Mark Vande Hei.

According to the American space agency, the low-Earth-orbit station automatically detected that the Nauka module was in error, and used its own thrusters, including those on the Zvezda unit, to correct its orientation. It’s not clear what caused Nauka to malfunction, and Russian officials sent commands to the…

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