Why Casa Systems Shares Plunged Today [The Motley Fool]
Casa Systems, Inc. (CASA)
Last casa systems, inc. earnings: 4/30 04:05 pm
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US:NASDAQ Investor Relations:
investors.casa-systems.com/investor-relations
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Source: The Motley Fool
Investors weren't impressed with first-quarter results. Evan Niu, CFA ( TMFNewCow ) May 11, 2018 at 4:14PM What happened Shares of Casa Systems ( NASDAQ:CASA ) plunged today, down 11% at the close, after the company reported first-quarter earnings last night. So what Revenue in the first quarter came in at $89.1 million, which was ahead of the consensus estimate of $86.5 million. Non- GAAP net income was $21.6 million, or $0.23 per share. That was right on target with what the Street was expecting. Casa posted adjusted EBITDA of $29.5 million, although gross margin contracted to 69.6%. Image source: Getty Images. Free cash flow improved significantly to $48.6 million, thanks to a boost in operating cash flow. Now what I am pleased to report that we had another strong quarter, CEO Jerry Guo said in a statement. We are seei
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CASA
News
- Vecima Announces Intent to Acquire the Assets of Casa Systems' Cable Business [Yahoo! Finance]Yahoo! Finance
- Casa Systems Initiates Court-Supervised Chapter 11 Sale Process for Businesses [Yahoo! Finance]Yahoo! Finance
- Lumine Group Enters into an Agreement to Acquire Casa Systems' Axyom Cloud Native 5G Core Software & RAN Assets [Yahoo! Finance]Yahoo! Finance
- Lumine Group Enters into an Agreement to Acquire Casa Systems' Axyom Cloud Native 5G Core Software & RAN Assets [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Lumine Group Enters into an Agreement to Acquire Casa Systems’ Axyom Cloud Native 5G Core Software & RAN AssetsGlobeNewswire
CASA
Earnings
- 11/7/23 - Miss
CASA
Sec Filings
- 4/3/24 - Form 8-K
- 4/2/24 - Form 8-K
- 3/28/24 - Form 8-K
- CASA's page on the SEC website