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.
IPO Year: 2017
Exchange: NASDAQ
Website: casa-systems.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/17/2023 | $4.00 → $5.00 | Market Perform → Outperform | Northland Capital |
| 11/4/2022 | Overweight → Equal Weight | Barclays | |
| 8/8/2022 | $6.00 → $4.00 | Outperform → Market Perform | Northland Capital |
| 4/19/2022 | $6.00 → $10.00 | Market Perform → Outperform | Northland Capital |
| 1/21/2022 | $8.00 | Outperform | Macquarie |
| 11/22/2021 | $9.00 → $6.50 | Equal-Weight | Morgan Stanley |
| 11/22/2021 | $11.00 → $7.00 | Outperform → Market Perform | Northland Capital |
| 11/4/2021 | $12.00 → $8.00 | Overweight | Barclays |
| 7/6/2021 | $8.00 → $9.00 | Equal-Weight | Morgan Stanley |
8-K - Casa Systems Inc (0001333835) (Filer)
8-K - Casa Systems Inc (0001333835) (Filer)
8-K - Casa Systems Inc (0001333835) (Filer)
8-K - Casa Systems Inc (0001333835) (Filer)
8-K - Casa Systems Inc (0001333835) (Filer)
8-K - Casa Systems Inc (0001333835) (Filer)
S-8 - Casa Systems Inc (0001333835) (Filer)
10-Q - Casa Systems Inc (0001333835) (Filer)
8-K - Casa Systems Inc (0001333835) (Filer)
8-K - Casa Systems Inc (0001333835) (Filer)
ANDOVER, 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 years of telecom, cloud, and networking expertise from leadership roles at Google, Cisco, and Wipro Limited. At Google, he served as Head of Product, Telco Network Modernization, where he led its Telecom Access business including product engineering, solutions, partnerships, acquisition of several lighthouse customers, and innovations that set new cross-organization standards. Pri
ANDOVER, 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 announced the upcoming retirement of Chief Customer Officer (CCO) Alfred "Alf" de Cárdenas. Alongside CEO Michael Glickman and Chief Product Officer Colin Kincaid, Kaul joins Casa Systems from Cisco, where he most recently served as Vice President and General Manager, APJC, Service Provider Sales, and previously as Managing Director, Cisco, India & South Asia. His work at Cisco included g
ANDOVER, Mass., Sept. 06, 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 the appointment of proven industry veteran Colin Kincaid as Chief Product Officer (CPO), while Phil Paro comes aboard as the Company's new Chief Accounting Officer (CAO). Kincaid joins Casa Systems by way of Cisco where he most recently served as the Chief Technology Officer of Cisco's Global Service Provider business. An accomplished leader with over 30 years of global industry experience, Kincaid developed products at scale for
ANDOVER, Mass., July 13, 2023 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ:CASA), a leading provider of cloud-native software and physical broadband technology solutions for access, cable, and cloud, today announced the appointment of Michael Glickman as the Company's new President and Chief Executive Officer effective August 1, 2023. Glickman, a telecom industry veteran with over 35 years of experience in the telecom, technology, and networking industries, will leverage his expertise to position Casa Systems for continued success and accelerated growth. "Following a comprehensive selection process, we are pleased to announce Michael Glickman as the new President and CEO of Casa Systems
ANDOVER, Mass., July 05, 2022 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ:CASA), a leading provider of cloud-native software and physical technology solutions for wireless, cable and fixed broadband networks, today announced the appointment of Michael Picariello as its Director of Investor Relations. Mr. Picariello brings over 25 years of financial experience and over 15 years of investor relations expertise to Casa Systems. Mr. Picariello most recently served as Managing Director at JLR Consulting, a strategic consulting firm that assists both private and publicly traded tech companies with investors and communications. Prior to his role at JLR, Mr. Picariello served as the Head of In
ANDOVER, Mass., March 24, 2022 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ:CASA), a leading provider of cloud-native software and physical technology solutions for wireless, cable and fixed broadband networks, today announced the appointment of Edward Durkin as its Chief Financial Officer (CFO), effective April 4, 2022. Mr. Durkin brings over 30 years of financial and executive experience to Casa Systems. Mr. Durkin most recently served as CFO of Fuze, Inc, a global, enterprise-focused provider of unified cloud-based communications software, that was recently acquired by 8x8, Inc. Prior to his role at Fuze, Mr. Durkin served as CFO at Actifio, Inc., a multi-cloud copy data management s
Northland Capital upgraded Casa Systems from Market Perform to Outperform and set a new price target of $5.00 from $4.00 previously
Barclays downgraded Casa Systems from Overweight to Equal Weight
Northland Capital downgraded Casa Systems from Outperform to Market Perform and set a new price target of $4.00 from $6.00 previously
Northland Capital upgraded Casa Systems from Market Perform to Outperform and set a new price target of $10.00 from $6.00 previously
Macquarie initiated coverage of Casa Systems with a rating of Outperform and set a new price target of $8.00
Morgan Stanley reiterated coverage of Casa Systems with a rating of Equal-Weight and set a new price target of $6.50 from $9.00 previously
Northland Capital downgraded Casa Systems from Outperform to Market Perform and set a new price target of $7.00 from $11.00 previously
Barclays reiterated coverage of Casa Systems with a rating of Overweight and set a new price target of $8.00 from $12.00 previously
Morgan Stanley reiterated coverage of Casa Systems with a rating of Equal-Weight and set a new price target of $9.00 from $8.00 previously
Raymond James upgraded Casa Systems from Underperform to Market Perform
ANDOVER, 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 Company filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. The Company has entered into an asset purchase agreement to sell its 5G Mobile Core and RAN businesses, which include its Axyom Cloud Native 5G Core Software & RAN
NEW 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 delivers CSPs a redefining MPN solution to drive scaled adoption throughout the enterprise sector. Out with the Old: Overcoming Traditional MPN Challenges The GSMA recently estimated that 5G MPNs represent a $109.4 billion revenue opportunity by 2030. With the high speed, reliability, customization, and security MPNs offer, enterprises can enable
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 telecommunications. ANDOVER, Mass., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Casa Systems (NASDAQ:CASA), provider of cloud-native network solutions serving communications services providers worldwide, today announced
ANDOVER, 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 recognizes the top companies, technologies, and products in the global Internet-of-Things (IoT) market. Casa Systems is a technology innovation leader that supports mobile, cable, and wireline communications services providers (CSPs). Known for its extensive portfolio of market leading Industrial IoT solutions,
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 (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 route
ANDOVER, 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 years of telecom, cloud, and networking expertise from leadership roles at Google, Cisco, and Wipro Limited. At Google, he served as Head of Product, Telco Network Modernization, where he led its Telecom Access business including product engineering, solutions, partnerships, acquisition of several lighthouse customers, and innovations that set new cross-organization standards. Pri
ANDOVER, 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 announced the upcoming retirement of Chief Customer Officer (CCO) Alfred "Alf" de Cárdenas. Alongside CEO Michael Glickman and Chief Product Officer Colin Kincaid, Kaul joins Casa Systems from Cisco, where he most recently served as Vice President and General Manager, APJC, Service Provider Sales, and previously as Managing Director, Cisco, India & South Asia. His work at Cisco included g
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 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 worl
Third Quarter Revenue Increases 7% Over Prior QuarterContinued High Growth In Our Cloud and RAN Product LinesRevises Annual Revenue Guidance Range to $205 Million to $225 Million ANDOVER, Mass., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ:CASA), a leading provider of cloud-native software and physical broadband technology solutions for access, cable, and cloud, today reported its financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Financial & Operational Highlights Revenue of $62.1 millionGross margin of $25.9 million, including $7.9 million in non-cash inventory obsolescence charges during Q3GAAP net loss of ($25.6) million, including n
YTL Communications' 5G mobile network powered by Casa Systems follows up 2022 win with a repeat win in 2023Casa's LTE network and cloud-native 5G core help YTLC lead Malaysia's digital transformationCloud-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 Technolog
SC 13G - Casa Systems Inc (0001333835) (Subject)
SC 13G - Casa Systems Inc (0001333835) (Subject)
Third Quarter Revenue Increases 7% Over Prior QuarterContinued High Growth In Our Cloud and RAN Product LinesRevises Annual Revenue Guidance Range to $205 Million to $225 Million ANDOVER, Mass., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ:CASA), a leading provider of cloud-native software and physical broadband technology solutions for access, cable, and cloud, today reported its financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Financial & Operational Highlights Revenue of $62.1 millionGross margin of $25.9 million, including $7.9 million in non-cash inventory obsolescence charges during Q3GAAP net loss of ($25.6) million, including n
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 will host a conference call to discuss its results at 5:00 p.m. Eastern Time the same day. A live audio webcast of Casa Systems' third quarter results discussion will be accessible on the Company's Investor Relations website at http://investors.casa-systems.com. To participate in the conference call, please dial 1-877-407-4
Second Quarter Revenue Increases 28% Over Prior QuarterCable Revenue Improves by 79% From Prior QuarterWorking Capital Position Substantially ImprovesCurrent Deferred Revenue Position Up $22 Million Since Year EndSuccessfully Refinanced Term Loan B in June 2023Positive Q2 Operating Cash Flow Results of $4.4 MillionRevises Revenue Guidance to $265M - $290M; Reiterates Full Year Net Adjusted EBITDA Profitability Goal ANDOVER, Mass., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ:CASA), a leading provider of cloud-native software and physical broadband technology solutions for access, cable, and cloud, today reported its financial results for the second quarter ended June 3
ANDOVER, Mass., Aug. 01, 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 second quarter 2023 results on Tuesday, August 8, 2023 after the close of the U.S. financial markets. Casa Systems will host a conference call to discuss its results at 5:00 p.m. Eastern Time the same day. A live audio webcast of Casa Systems' second quarter results discussion will be accessible on the Company's Investor Relations website at http://investors.casa-systems.com. To participate in the conference call, please dial 1-800-267-6316 (domestic) and 1
Also Announces Execution of Strategic Term Loan B Transaction Support Agreement to Extend Debt MaturityReiterates Full Year 2023 Guidance ANDOVER, Mass., May 09, 2023 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ:CASA), a leading provider of cloud-native software and physical broadband technology solutions for access, cable, and cloud, today reported its financial results for the first quarter ended March 31, 2023. With respect to first quarter financial results, the Company announced the following: First Quarter 2023 Financial & Operational Highlights Revenue of $45.3 millionGAAP net loss of $(31.7) million, including severance charges of approximately $3.9 millionNon-GAAP net loss o
ANDOVER, Mass., April 27, 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 first quarter 2023 results on Tuesday, May 9, 2023 after the close of the U.S. financial markets. Casa Systems will host a conference call to discuss its results at 6:00 p.m. Eastern Time the same day. A live audio webcast of Casa Systems' first quarter results discussion will be accessible on the Company's Investor Relations website at http://investors.casa-systems.com. To participate in the conference call, please dial 1-877-407-4019 (domestic) and 1-201
Jerry Guo to Retire as President and CEO, Remains on Casa Board of DirectorsBruce Evans Appointed New Chairman of Expanded Board of DirectorsScott Bruckner Joins the Board of Directors Q4 Revenue of $84.4 Million Slightly Exceeds High End of Preliminary Guidance GAAP Net Income of $1.2 Million and Positive Net Adjusted EBITDA of $5.2 Million for Quarter Debt Reduced by $49.2 Million to $226.0 Million during Q4 Provides Full Year Revenue and Net Adjusted EBITDA Guidance ANDOVER, Mass., March 14, 2023 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ:CASA), a leading provider of cloud-native software and physical broadband technology solutions for wireless, cable, and fixed network
ANDOVER, Mass., March 07, 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 fourth quarter and full year 2022 results on Tuesday, March 14, 2023 after the close of the U.S. financial markets. Casa Systems will host a conference call to discuss its results at 5:00 p.m. Eastern Time the same day. A live audio webcast of Casa Systems' fourth quarter and full year results discussion will be accessible on the Company's Investor Relations website at http://investors.casa-systems.com. To participate in the conference call, please dial 1-
Continued Progress in Cloud-Native 5G Market Access with Google Cloud Partnership Execution on Deleveraging Plan with Reduction of Senior Debt by $41.7 million on November 2 Positive Operating Cash Flow and Strong Cash Position Cable Revenue Increased 20% Sequentially ANDOVER, Mass., Nov. 03, 2022 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (NASDAQ:CASA), a leading provider of cloud-native software and physical broadband technology solutions for wireless, cable and fixed networks, today announced its financial results for its third quarter ended September 30, 2022. Third Quarter 2022 Financial & Operational Highlights
ANDOVER, Mass., Oct. 13, 2022 (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 2022 results on Thursday, November 3, 2022 after the close of the U.S. financial markets. Casa Systems will host a conference call to discuss its results at 5:00 p.m. Eastern Daylight Time the same day. A live audio webcast of Casa Systems' third quarter results discussion will be accessible on the Company's Investor Relations website at http://investors.casa-systems.com. To participate in the conference call, please dial 1-877-407-4019 (domes
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