MARKET COMPOSITE
CASA - Casa Systems Inc
Price
$0.00
+ 0.00 (0.00%)
Casa Systems, Inc., a communications technology company, provides solutions for next-generation centralized, distributed, and virtualized architectures for cable broadband, fixed-line broadband, and wireless networks in North America, Latin America, the Asia-Pacific, Europe, the Middle East, and Africa. It offers converged cable access platforms; wireless network core products, such as virtual evolved packet and 5G core products, and security and wireless gateways, as well as small cell solutions and fixed wireless access devices; and optical access solutions, virtualized broadband network gateway router and multiservice routers, fiber-to-the-distribution-point devices, and residential broadband gateways; and machine-to-machine and industrial internet of things routers. The company was founded in 2003 and is headquartered in Andover, Massachusetts.
Financials
Quarterly financials
(USD)Sep 2023Q/Q
Revenue62.1MM+7%
Gross Profit25.9MM+9%
Cost Of Revenue36.2MM+6%
Operating Income-18.4MM+7%
Operating Expenses44.3MM+8%
Net Income-25.6MM-50%
R&D17.1MM-14%
G&A27.2MM+29%
Amortization1.5MM+0%
Interest Expense10.7MM+79%
Stock Chart
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Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from 

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Stock news

    TORONTO, April 03, 2024 (GLOBE NEWSWIRE) -- Lumine Group Inc. (“Lumine Group” or “the Company”) (TSXV: LMN), a global buy-and-hold forever acquirer of communications and media software businesses, today announced that it has entered into an asset purchase agreement to acquire the Axyom Cloud Native 5G Core Software & RAN Assets (“Assets”) from Casa Systems (Nasdaq: CASA). Casa Systems intends to facilitate the sale of its businesses, including the Assets, through a Chapter 11 process. This will

    Reaches Agreements to Sell 5G Mobile Core and RAN Assets to Lumine Group and Cable Business to Vecima NetworksANDOVER, Mass., April 03, 2024 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (Nasdaq: CASA) ("Casa" or the “Company"), a leading provider of physical and cloud-native infrastructure technology solutions for wireless, cable and fixed broadband networks, today initiated a court-supervised process that is intended to achieve value-maximizing sales of its businesses. To facilitate these sales, the

    Tight Integration of Capabilities Ushers in New Era of Simple, Cost-Effective MPN with Enterprise-Friendly Authentication, Security and Policy ManagementNEW YORK and ANDOVER, Mass., Feb. 26, 2024 (GLOBE NEWSWIRE) -- Alef, a leader in mobile connectivity solutions, and Casa Systems, provider of cloud-native network solutions serving communications services providers (CSPs) worldwide, have partnered to introduce a groundbreaking Mobile Private Network (MPN) solution. This innovative collaboration

    Cloud-native access gateway function (AGF) solution allows service providers offering both wireline and wireless services to eliminate redundant network core components and reduce capital and operating expenses.Casa’s AGF solution, now proven in private, and hybrid cloud environments, allows service providers to deploy and scale their services according to enterprise customer requirements.The work between Casa and AWS highlights the growing role of cloud-native network solutions in telecommunica

    Prestigious Annual IoT Breakthrough Awards Program Recognizes Standout Internet-of-Things Companies and ProductsANDOVER, Mass., Jan. 11, 2024 (GLOBE NEWSWIRE) -- Casa Systems (Nasdaq: CASA), a provider of innovative access network solutions serving customers worldwide, today announced it has been selected as the winner of the “Global IoT Innovation Vendor of the Year” award in the 8th annual IoT Breakthrough Awards program. IoT Breakthrough is a leading market intelligence organization that reco

    NTC-500 5G IIoT router is the first product to market in the new AurusXT Series of 5G devices. Proprietary 5G Dynamic Network Slicing technology opens new revenue streams for carriers.Cost-efficient upgrade path from 3G or 4G delivers fast, reliable connection. ANDOVER, Mass., Jan. 09, 2024 (GLOBE NEWSWIRE) -- Casa Systems (Nasdaq: CASA), provider of innovative access network solutions serving customers worldwide, today announced the launch of the first solution in its AurusXT 5G Industrial IoT

    Telco, cloud, and networking veteran with extensive global experience will help Casa Systems drive digital transformation of the telecom industry through software and cloud-centric focusANDOVER, Mass., Jan. 04, 2024 (GLOBE NEWSWIRE) -- Casa Systems (Nasdaq: CASA), a market leader in cloud-native network solutions serving Tier 1 and regional service providers worldwide, today announced the appointment of telecom industry leader Santanu Dasgupta as Chief Technology Officer (CTO). Santanu brings 25

    Telecom, IT and enterprise veteran joins Casa Systems as it accelerates its focus on software-centered telecom and brings proven track record of executing complex business transformationANDOVER, Mass., Nov. 27, 2023 (GLOBE NEWSWIRE) -- Casa Systems (Nasdaq: CASA), a market leader in cloud-native network solutions serving Tier 1 and regional service providers worldwide, today announced the appointment of telecom industry veteran Sanjay Kaul as Chief Revenue Officer (CRO). The company also announc

    CASA, CASS and MRBK have been added to the Zacks Rank #5 (Strong Sell) List on November 24, 2023.

    Groundbreaking performance marks Casa Systems’ vCCAP and RPD as key innovators in cable technology virtualizationFull utilization of extended spectrum DOCSIS accelerates cable operator’s path to 10GCasa Systems’ continued commitment to modernizing all access providers’ technologies underscores the company’s leadership in the telecom industry into the cloud-native future ANDOVER, Mass., Nov. 21, 2023 (GLOBE NEWSWIRE) -- Casa Systems (Nasdaq: CASA), a market leader in cloud-native network solution