Updated
The most significant concentration NetScout Systems discloses is sole source suppliers (hardware components), classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
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Source: NetScout Systems’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
“10-K Item 1A: 'Specific components that are necessary for the hardware assembly of our instruments are obtained from separate sole source suppliers or a limited group of suppliers'”
The company's disclosed concentration is on the supply side, where specific hardware components necessary for instrument assembly are obtained from sole source suppliers or a limited group of suppliers. By disclosed size this is a high-share dependency concentration. The character is dependency: unlike a commodity input that can be sourced from many vendors, these components have single or very limited approved sources, meaning a production interruption, quality issue, or supplier financial distress at any one of them could delay instrument shipments without a readily available substitute. Hardware instruments that rely on sole-sourced components carry inherent supply chain fragility — the dependency is not one that naturally diversifies over time without deliberate supplier qualification effort. The filing does not name specific suppliers or identify which components are most acutely single-sourced, so the idiosyncratic risk cannot be pinpointed further from public disclosures alone. There is no disclosed customer, geographic, or product concentration in the filing. The concentration profile is therefore narrow: a single, high-share supplier dependency that sits in the hardware assembly function. For investors, the key monitoring variable is any sign of supply disruption, lead-time extension, or supplier distress in the component base — events that could create a bottleneck between demand for instruments and the company's ability to fulfill orders.
For the engine’s reasoning on NTCT’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| APPN | Appian Corporation | 2 | 2 | 0 | 4 |
| AVPT | AvePoint, Inc. | 1 | 0 | 0 | 1 |
| NTCT● | NetScout Systems, Inc. | 1 | 0 | 0 | 1 |
| ATEN | A10 Networks, Inc. | 0 | 2 | 0 | 2 |
| ACIW | ACI Worldwide, Inc. | 0 | 0 | 0 | 0 |
| AKAM | Akamai Technologies, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.