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Timing of Orders Drives Q3 ’24 Results Ahead of Expectations

NetScout Systems (NTCT) reported fiscal Q3 ‘24 results well above our estimates and consensus as calendar year-end budget flushes positively impacted the timing of orders.

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NetScout Systems (NTCT)Kevin LiuJanuary 26, 20245G, Network Performance Management, Service Assurance, Cybersecurity, DDoS, Omnis
Adjusting Estimates and Price Target to Reflect Preliminary Q4 '23 Results and Reverse Split

In conjunction with an amended S-1 filing yesterday, Peraso (PRSO) disclosed preliminary Q4 ‘23 revenue below our estimates and consensus.

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Peraso Inc. (PRSO)Kevin LiuJanuary 24, 2024Fixed Wireless Access, mmWave, memory, 5G, Semiconductors
Cegeka Completes Tender Offer for CTG; Discontinuing Coverage

Cegeka has completed its tender offer to acquire all outstanding shares of CTG for $10.50 per share in cash.

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CTG Inc. (CTG)Kevin LiuDecember 14, 2023Digital Transformation, Acquisition, IT Solutions, IT Staffing
Memory IC Shipments Underpin Strong Q3 Results

Peraso (PRSO) reported Q3 ‘23 results well above expectations driven by the initial shipments of memory IC products against a large backlog of end-of-life (EOL) purchase orders.

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Peraso Inc. (PRSO)Kevin LiuNovember 14, 2023mmWave, memory, ICs, modules, Semiconductors, Fixed Wireless Access
CTG Reports Q3 '23 Results

CTG reported Q3 ’23 results generally consistent with our estimates. Revenue of $71.3 million (-4.9% Y/Y) was slightly below our $72.8 million projection due to softening demand for IT services.

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CTG Inc. (CTG)Kevin LiuNovember 9, 2023Digital Transformation, IT Solutions, IT Staffing
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