Casa Systems downgraded by Barclays
$CASA
Radio And Television Broadcasting And Communications Equipment
Technology
Barclays downgraded Casa Systems from Overweight to Equal Weight
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| 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 |
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
3 - Casa Systems Inc (0001333835) (Issuer)
4 - Casa Systems Inc (0001333835) (Issuer)
4 - Casa Systems Inc (0001333835) (Issuer)
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
8-K - Casa Systems Inc (0001333835) (Filer)
8-K - Casa Systems Inc (0001333835) (Filer)
8-K - Casa Systems Inc (0001333835) (Filer)
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., 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
SC 13G - Casa Systems Inc (0001333835) (Subject)
SC 13G - Casa Systems Inc (0001333835) (Subject)