On January 15th NetScout Systems, Inc., a provider of network performance management solutions, reported 3rd quarter revenue of $18.2 million vs.  $21.5 million for the same quarter of the prior year.  However, revenue was up sequentially from the 2nd quarter's $17.9 million.  Net loss for the 3rd quarter was $328,000 or 1 cent a share.  Pro forma net income was $10,000 or 0 cents per share.  For the fiscal 4th quarter NTCT expects revenues of $18-19 million and a GAAP loss of 1-2 cents and a pro forma loss between 0 and 1 cent per share. NTCT has cash and securities of $70.3 million or $2.34 a share. Book value is $2.75 per share.  The company carries no debt and the stock trades at approximately 1x sales.

       Looking at the chart above you can see that the stock found support around the 3 dollar mark four other times over the last 2 years. In August 2002 it actually fell as low as $2.50 but didn't stay there for long due to NetScout's strong financials.

Update 7/01/03 - Recommend selling at the open on 7/02/03. Sold at $5.02 for a gain of 67%.