NTCT — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-06

• Our operating results are affected by a variety of factors, including customer demand, product and services mix, pricing, operating costs, competition, and our ability to successfully execute our growth and strategic initiatives. See Part I, Item 1A, “Risk Factors” in our Annual Report for additiona…

• On May 1, 2026, the Company acquired the assets and certain liabilities comprising DigiCert, Inc.'s DDoS protection business pursuant to an Asset Purchase Agreement (the "Acquisition"). The Digicert DDoS protection business acquisition enhances the Company’s cybersecurity offerings and enables the i…

• We continue to closely monitor current global and macroeconomic conditions, including the impacts of armed conflicts or warfare, global geopolitical tension, stock market volatility, industry-specific capital spending trends, exchange rate fluctuations, inflation, interest rates, international trade…

• constrained customer spending in the service provider market and firmly focused on driving product innovation, sustaining annual revenue growth, and enhancing margins through continued disciplined cost management as we navigate the current macroeconomic landscape. As a result, we have continued our …

• Though we continue to monitor the impacts of evolving global and macroeconomic conditions on our business, we believe our current cash reserves and access to capital through our revolving credit facility leave us well-positioned to manage our business in today's environment. We expect net cash provi…

Text removed vs the prior filing · source: 10-Q · 2026-02-05

• Our operating results are influenced by a number of factors, including, but not limited to, the volume, mix, and quantity of products and services sold, pricing, costs and availability of materials used in our products, growth in employee-related costs, including commissions, and the expansion of ou…

• We continue to closely monitor current global and macroeconomic conditions, including the impacts of the ongoing war in Ukraine and hostilities in the Middle East, global geopolitical tension, stock market volatility, industry-specific capital spending trends, exchange rate fluctuations, inflation, …

• Though we continue to monitor the impacts of evolving global and macroeconomic conditions on our business, we believe our current cash reserves and access to capital through our revolving credit facility leave us well-positioned to manage our business in today's environment. We expect net cash provi…

• for the future. In addition to our cash equivalents, the Company had $600 million available under a revolving credit facility based on covenant levels at December 31, 2025.

• Total revenue increased $38.8 million, or 6%, for the nine months ended December 31, 2025, as compared to total revenue for the nine months ended December 31, 2024. The increase was attributable to an increase in both product and service revenue from both our service assurance and cybersecurity offe…

Text added vs the prior filing · source: 10-Q · 2026-08-06

• There were no material changes to our quantitative and qualitative disclosures about market risk during the three months ended June 30, 2026. Refer to “Part II. Item 7A. Quantitative and Qualitative Disclosures About Market Risk” in our Annual Report on Form 10-K for the year ended March 31, 2026 fo…

Text removed vs the prior filing · source: 10-Q · 2026-02-05

• Interest Rate Risk. We hold our cash, cash equivalents and investments for working capital purposes. Some of the securities we invest in are subject to market risk. This means that a change in prevailing interest rates may cause the principal amount of the investment to fluctuate. To minimize this r…

• We are currently not exposed to any market risks related to fluctuations in interest rates related to our credit facility as we had no debt as of December 31, 2025.

• Foreign Currency Exchange Risk. As a result of our foreign operations, we face exposure to movements in foreign currency exchange rates, primarily the Euro, British Pound, Canadian Dollar and Indian Rupee. The current exposures arise primarily from expenses denominated in foreign currencies. We curr…

• At December 31, 2025, we had foreign currency forward contracts designated as hedging instruments with notional amounts totaling $12.2 million. The valuation of outstanding foreign currency forward contracts at December 31, 2025 resulted in a liability balance of $0.1 million, for contracts with unf…

• At March 31, 2025, we had foreign currency forward contracts designated as hedging instruments with notional amounts totaling $10.6 million. The valuation of outstanding foreign currency forward contracts at March 31, 2025 resulted in a liability balance of $0.1 million, for contracts with unfavorab…

Text added vs the prior filing · source: 10-Q · 2026-08-06

• Each trading arrangement marked as a “Rule 10b5-1 Trading Arrangement” is intended to satisfy the affirmative defense of Rule 10b5-1(c), as amended (the “Rule”).

• Represents the expiration date of the Rule 10b5-1 Trading Arrangement. Pursuant to the terms of the Rule 10b5-1 Trading Arrangement, the Rule 10b5-1 Trading Arrangement may terminate earlier upon the occurrence of certain events.

Text removed vs the prior filing · source: 10-Q · 2026-02-05

• John Downing, Executive Vice President, Worldwide Sales Operations

• (1) Each trading arrangement marked as a "Rule 10b5-1 Trading Arrangement" is intended to satisfy the affirmative defense of Rule 10b5-1(c), as amended (the "Rule").

• (2) Represents the expiration date of the Rule 10b5-1 Trading Arrangement. Pursuant to the terms of the Rule 10b5-1 Trading Arrangement, the Rule 10b5-1 Trading Arrangement may terminate earlier upon the occurrence of certain events.

• (3) There are no overlapping transactions between Mr. Downing’s 10b5-1 trading arrangement adopted on November 11, 2025 and his arrangement adopted on February 20, 2025.