Casa Systems

Casa Systems, Inc. engages in the provision and development of digital cable video and broadband services. Its products include cable, fixed, mobile, optical, Wi-Fi networks, and Casa access devices. The company was founded by Jerry Guo in 2003 and is headquartered in Andover, MA.

Earnings data Q1 2020

Earnings data Q2 2020

Earnings data Q3 2020

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q1 2024

Casa Systems reports positive Q4 earnings, sets sights on growth

Casa Systems delivered solid financial performance in Q4 2022, reinstated guidance for 2023, and emphasized growth and profitability. Despite challenges, the company is well-positioned with a strong backlog and strategic initiatives.

Casa Systems reports Q1 revenue decline but shows operational strengths

Casa Systems navigated challenges in Q1 2023 with revenue decline but showcased strengths in operational improvements and strategic wins.
The company's financial performance reflected lower revenue, cost-cutting measures, and ongoing debt reduction efforts.
Opportunities lie in revenue growth potential from key partnerships, operational enhancements, and a back-end weighted revenue outlook for the year.
Addressing challenges, leveraging strengths, and capitalizing on opportunities will be crucial for Casa Systems' future financial success.

Casa Systems reports Q2 revenue decline but optimistic about growth

Casa Systems navigated challenges with a revenue decline but showed resilience with sequential growth and major customer deals. The company's focus on debt refinancing and growth drivers like cable and 5G present opportunities for future success. Overall, Casa Systems remains optimistic about its trajectory and outlook.

Casa Systems reports revenue growth but adjusts guidance due to delays

Casa Systems reported revenue growth in Q3 but faced challenges in the cable business. The company is optimistic about the growth potential in cloud software and access device segments. Adjusted revenue guidance reflects a focus on cost alignment and profitability.

Casa Ole offers casa samplers, fajita flameado, shrimp, crawfish, and spinach dip. They provide grilled fajita salad, vegetable crisp, nachos grandes, and fish tacos. They also offer beef fajitas, shrimp fajitas, mixed fajitas, and more.

VICTORIA, British Columbia--(BUSINESS WIRE)--Vecima announces that the APA that Vecima's subsidiary, Vecima Technology, had entered into with Casa Systems, Inc. has been terminated.

Vecima Networks Inc. Announces Termination of Asset Purchase Agreement with Casa Systems, Inc. and Cancellation of Subscription Receipts

TORONTO, April 30, 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 completed the acquisition of the Axyom Cloud Native 5G Core Software & RAN Assets (“Assets”) from Casa Systems (Nasdaq: CASA). This marks Lumine Group's 14th corporate carve-out that it has completed and set up in the communications and media space.

Lumine Group Completes the Purchase of Casa Systems' Axyom Cloud Native 5G Core Software & RAN Assets

Casa Systems (NASDAQ: CASA ) stock continues to fall on Thursday after the communications technology company filed for bankruptcy yesterday. Casa Systems filed for bankruptcy on Wednesday of its own volition.

Why Is Casa Systems (CASA) Stock Down 24% Today?

VICTORIA, British Columbia--(BUSINESS WIRE)--Vecima announces it has entered into an APA to acquire the Cable Business assets of Casa Systems, Inc. and certain of Casa's subsidiaries.

Vecima Announces Intent to Acquire the Assets of Casa Systems' Cable Business

Lumine Group (TSXV:LMN) has entered into an asset purchase agreement to acquire the Axyom Cloud Native 5G Core Software & RAN Assets from Casa Systems.

Lumine Group Enters into an Agreement to Acquire Casa Systems' Axyom Cloud Native 5G Core Software & RAN Assets

Reaches Agreements to Sell 5G Mobile Core and RAN Assets to Lumine Group and Cable Business to Vecima Networks Reaches Agreements to Sell 5G Mobile Core and RAN Assets to Lumine Group and Cable Business to Vecima Networks

Casa Systems Initiates Court-Supervised Chapter 11 Sale Process for Businesses

Tight Integration of Capabilities Ushers in New Era of Simple, Cost-Effective MPN with Enterprise-Friendly Authentication, Security and Policy Management Tight Integration of Capabilities Ushers in New Era of Simple, Cost-Effective MPN with Enterprise-Friendly Authentication, Security and Policy Management

Alef and Casa Systems Join Forces to Unlock Opportunity for Mobile Private Networks

Prestigious Annual IoT Breakthrough Awards Program Recognizes Standout Internet-of-Things Companies and Products Prestigious Annual IoT Breakthrough Awards Program Recognizes Standout Internet-of-Things Companies and Products

Casa Systems Named “Global IoT Innovation Vendor of the Year” in 8ᵗʰ Annual IoT Breakthrough Awards Program

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 (IIoT) Series, the NTC-500 5G IIoT router, which leverages the speed and coverage of a 5G network to provide high-speed Ethernet-to-cellular connectivity. Casa's NTC-500 is the first 5G IIoT router to support dynamic network slicing capabilities, allowing operators to provide new and tailored services to their enterprise customers.

Casa Systems Unveils New AurusXT 5G Industrial IoT Router Series Featuring the World's First Dynamic Slicing Support

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 focus 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 focus

Casa Systems Appoints Former Google Executive Santanu Dasgupta as Chief Technology Officer

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Central Garden & Pet Company

BBW, CASA and CENTA have been added to the Zacks Rank #5 (Strong Sell) List on December 27, 2023.

New Strong Sell Stocks for December 27th

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 transformation 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 transformation

Casa Systems Appoints Former Cisco Executive Sanjay Kaul as Chief Revenue Officer; Chief Customer Officer Alfred de Cárdenas to Retire at End of Year

Cass Information Systems

Meridian Corp

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

New Strong Sell Stocks for November 24th

ANDOVER, Mass., Nov. 21, 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 that Casa Systems' Virtual CCAP (vCCAP), coupled with the company's RPD200 (Remote PHY Device) solution, has secured a world's first in performance that enables cable modems to achieve full utilization of the extended spectrum available via the DOCSIS 4.0 specification at the recent CableLabs ®  and Kyrio ® Interop·Labs DOCSIS 4.0 Technology event. This successful demonstration showcased the interoperability of Casa Systems' vCCAP and RPD solution with third-party DOCSIS 4.0 cable modems achieving remarkable extended spectrum utilization - up to 1.8 GHz downstream and 396 MHz upstream. This breakthrough not only marks a significant stride in technological innovation but also provides operators with unparalleled flexibility to deploy multi-gigabit broadband services, paving the way for the 10G era.

Casa Systems Sets Cable Industry Milestone with DOCSIS 4.0 Extended Spectrum Breakthrough

Casa Systems, Inc. (CASA) Q3 2023 Earnings Call Transcript

YTL Communications' 5G mobile network powered by Casa Systems follows up 2022 win with a repeat win in 2023 Casa's LTE network and cloud-native 5G core help YTLC lead Malaysia's digital transformation Cloud-native architecture featuring control and user plane separation provides unrivaled 5G network performance ANDOVER, Mass., Oct. 30, 2023 (GLOBE NEWSWIRE) -- Casa Systems (Nasdaq: CASA), provider of cloud native network solutions serving Tier 1 and regional service providers worldwide, today announced that for the second consecutive year, YTL Communications (YTLC), operating its service brand “Yes”, has won the Ookla Speedtest Award for Fastest Mobile Network (All Technologies) in Malaysia.

YTL Communications' 5G Core Powered by Casa Systems' Cloud-Native NFV Solutions Wins Second Consecutive Ookla Speedtest Award for Fastest Mobile Network in Malaysia

ANDOVER, Mass., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (Nasdaq: CASA), a leading provider of physical and cloud-native infrastructure technology solutions for wireless, cable and fixed broadband networks, will release its third quarter 2023 results on Tuesday, November 7, 2023 after the close of the U.S. financial markets.

Casa Systems to Release Third Quarter 2023 Results on November 7, 2023

ANDOVER, Mass., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Casa Systems (Nasdaq: CASA), provider of cloud-native network solutions serving Tier 1 and regional service providers worldwide, today announced its Axyom® virtual Converged Cable Access Platform (vCCAP) with Intel's 4th Generation Xeon Scalable Processors achieved a 65% increase in capacity and 7x increase in density while simultaneously demonstrating significant power savings over previous generation vCCAP solutions. This unprecedented combination of performance characteristics further extends the advantage that cable operators moving to virtualized solutions hold over competitors remaining committed to legacy systems.

Casa Systems' Axyom® Virtual Converged Cable Access Platform (vCCAP) Achieves Unprecedented Combination of Speed, Capacity, and Power Savings with Intel's 4th Generation Xeon® Scalable Processors

ANDOVER, Mass., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Casa Systems (Nasdaq: CASA), provider of cloud-native network solutions serving Tier 1 and regional service providers worldwide, today announced it will showcase its industry-leading, cloud-native core solutions and access devices powering the future of broadband at SCTE Cable-Tec 2023. At this preeminent broadband telecommunications event, Casa Systems will exhibit an array of broadband solutions that accelerate the path to 10G, enable greater network capacity, deliver superior performance, and improve business agility for operators.

Casa Systems to Showcase Cloud-Native Technologies Delivering the Future of Broadband at SCTE Cable-Tec 2023

Wireless operator to leverage Casa Systems' new AurusLINK self-install outdoor device to extend reliable broadband internet service to homes, businesses, and other locations across the United States  Wireless operator to leverage Casa Systems' new AurusLINK self-install outdoor device to extend reliable broadband internet service to homes, businesses, and other locations across the United States

UScellular Selects Casa Systems for Self-Install 5G Outdoor Fixed Wireless Access Devices

ANDOVER, Mass., Sept. 08, 2023 (GLOBE NEWSWIRE) -- Casa Systems (Nasdaq: CASA), a leading global provider of cloud-native software and broadband access, cable and cloud technology solutions for the world's leading communication service providers, today announced that the Compensation Committee of the Company's Board approved the grant of an inducement award to Colin Kincaid, the Company's new Chief Product Officer, as an inducement material to his entry into employment with Casa in accordance with Nasdaq Listing Rule 5635(c)(4).  The inducement grant was made effective as of and contingent upon the commencement of Kincaid's employment with Casa on September 1, 2023, and consists of 1,000,000 restricted stock units, or RSUs. The RSUs vest in equal installments over four years starting on September 1, 2024, such that the RSUs will be fully vested on September 1, 2027, subject to Kincaid's continued service with the Company through each such vesting date.

Casa Systems Announces Awarding of Inducement Grant to New Chief Product Officer

Casa Systems, Inc. (NASDAQ:CASA ) Q2 2023 Earnings Conference Call August 8, 2022 5:00 PM ET Company Participants Dennis Daly - Investor Relations Ed Durkin - Chief Financial Officer Bruce Evans - Chairman of the Board of Director Michael Glickman - President & Chief Executive Officer Conference Call Participants Tim Savageaux - Northland Capital Markets Operator Good afternoon and welcome to the Casa Systems Second Quarter 2023 Earnings Call. [Operator Instructions] As a reminder, this call is being recorded.

Casa Systems, Inc. (CASA) Q2 2023 Earnings Call Transcript

Casa Systems (CASA) came out with a quarterly loss of $0.26 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.15 per share a year ago.

Casa Systems (CASA) Reports Q2 Loss, Misses Revenue Estimates

Glickman brings over 35 years of telecom and technology global sales leadership and major partnership experience to lead Casa Systems' growth strategy Glickman brings over 35 years of telecom and technology global sales leadership and major partnership experience to lead Casa Systems' growth strategy

Casa Systems Names Michael Glickman as Next President and Chief Executive Officer

ANDOVER, Mass., June 15, 2023 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ: CASA) (“Casa Systems” or “the Company”), a leading provider of cloud-native software and physical broadband technology solutions for access, cable, and cloud, today announced the successful consummation of the transactions contemplated by the previously announced Transaction Support Agreement regarding the refinancing of the Company's existing Term Loan B senior secured debt (the “Refinancing Transaction”), including:

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