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Casa Systems Inc - CASA STOCK NEWS

Welcome to our dedicated news page for Casa Systems (Ticker: CASA), a resource for investors and traders seeking the latest updates and insights on Casa Systems.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Casa Systems's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Casa Systems's position in the market.

News
Casa Systems Initiates Court-Supervised Chapter 11 Sale Process for Businesses
Rhea-AI Summary
Casa Systems, Inc. initiates a court-supervised process to sell its 5G Mobile Core and RAN assets to Lumine Group and Cable business to Vecima Networks. The Company filed for Chapter 11 bankruptcy to maximize value. The sales aim to preserve jobs and minimize disruption for customers amid revenue and profit declines. Casa remains committed to supporting customers during the process.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-78.68%
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News
Alef and Casa Systems Join Forces to Unlock Opportunity for Mobile Private Networks
Rhea-AI Summary
Alef and Casa Systems partner to introduce a groundbreaking Mobile Private Network (MPN) solution, addressing traditional challenges and providing a cost-effective enterprise-friendly solution. The collaboration aims to fulfill the MPN vision by offering crucial capabilities for carriers and enterprises, enabling customized connectivity solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.67%
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none
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News
Casa Systems Develops Cloud-Native Solution to Extend Wireless Wireline Convergence Capabilities to Hybrid Cloud Environments with AWS
Rhea-AI Summary
Casa Systems (CASA) announces successful deployment of virtualized 5G Core control plane function on Amazon Web Services (AWS) in a breakthrough for wireless wireline convergence (WWC). Casa's AGF solution enables service providers to scale services, reduce costs, and improve network efficiency.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.87%
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none
News
Casa Systems Named “Global IoT Innovation Vendor of the Year” in 8ᵗʰ Annual IoT Breakthrough Awards Program
Rhea-AI Summary
Casa Systems (Nasdaq: CASA) has been recognized as the 'Global IoT Innovation Vendor of the Year' in the 8th annual IoT Breakthrough Awards program. The company's NTC-500 5G Industrial IoT Router has been lauded for its ability to deliver reliable global connectivity, withstand harsh conditions, and harness 5G Dynamic Slicing Technology. Casa Systems remains at the forefront of industrial IoT innovation, paving the way for a transformative IoT landscape and enabling businesses to thrive in their pursuit of advanced IoT solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.86%
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none
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News
Casa Systems Unveils New AurusXT 5G Industrial IoT Router Series Featuring the World’s First Dynamic Slicing Support
Rhea-AI Summary
Casa Systems (Nasdaq: CASA) announces the launch of the first product in its AurusXT Series, the NTC-500 5G IIoT router. The router leverages 5G Dynamic Network Slicing technology to provide high-speed Ethernet-to-cellular connectivity, offering a cost-efficient upgrade path from 3G or 4G. The 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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.64%
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none
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News
Casa Systems Appoints Former Google Executive Santanu Dasgupta as Chief Technology Officer
Rhea-AI Summary
Casa Systems (Nasdaq: CASA) appoints Santanu Dasgupta, a telecom industry leader with global experience, as Chief Technology Officer. Dasgupta brings 25 years of expertise from Google, Cisco, and Wipro Limited. He will drive the digital transformation of the telecom industry through software and cloud-centric focus. The company also approved the grant of 700,000 restricted stock units to Dasgupta.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.11%
Tags
management
News
Casa Systems Appoints Former Cisco Executive Sanjay Kaul as Chief Revenue Officer; Chief Customer Officer Alfred de Cárdenas to Retire at End of Year
Rhea-AI Summary
Casa Systems (CASA) appoints telecom industry veteran Sanjay Kaul as Chief Revenue Officer and announces the retirement of Chief Customer Officer Alfred 'Alf' de Cárdenas. Kaul brings a proven track record from Cisco and Ericsson, with extensive experience in telecom, enterprise, and IT. Casa Systems aims to focus on software-centered telecom, and Kaul's appointment is expected to drive value creation and innovation in the company's cloud-native network solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.73%
Tags
management
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News
Casa Systems Sets Cable Industry Milestone with DOCSIS 4.0 Extended Spectrum Breakthrough
Rhea-AI Summary
Casa Systems (CASA) achieves groundbreaking performance with vCCAP and RPD in cable technology virtualization, showcasing full utilization of extended spectrum DOCSIS at the CableLabs and Kyrio Interop·Labs event, marking a significant stride in technological innovation. The successful demonstration enables cable modems to achieve up to 1.8 GHz downstream and 396 MHz upstream, paving the way for the 10G era and allowing operators to deploy multi-gigabit broadband services. Casa Systems' unique software design using programmable FPGAs accelerates time to market of new features, supporting the company's commitment to helping service providers embrace a cloud-native future across all access technologies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8%
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none
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News
Casa Systems Reports Third Quarter 2023 Financial Results
Rhea-AI Summary
Casa Systems Inc. (Nasdaq: CASA) reports a 7% increase in Q3 revenue, revises annual revenue guidance to $205-225 million, cites growth in Cloud and RAN product lines, and reveals a net loss of $25.6 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-27.27%
Tags
earnings
News
YTL Communications’ 5G Core Powered by Casa Systems’ Cloud-Native NFV Solutions Wins Second Consecutive Ookla Speedtest Award for Fastest Mobile Network in Malaysia
Rhea-AI Summary
YTL Communications, operating as 'Yes', has won the Ookla Speedtest Award for Fastest Mobile Network in Malaysia for the second consecutive year. The 5G and 4G services are powered by Casa Systems' cloud-native Ayxom Core. The Yes 5G network has a median top speed of 489 Mbps, making it one of the highest-performing networks globally. The network's performance is attributed to the cloud-native architecture and control and user plane separation (CUPS) provided by Casa Systems. YTLC and Casa Systems have been partners since 2020, and Casa Systems also has a multi-year engagement with Verizon for 5G Core Network Functions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.24%
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none
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Casa Systems Inc

Nasdaq:CASA

CASA Rankings

N/A Ranked by Market Cap
#5321 Ranked by Stock Gains
N/A Ranked by Dividends

CASA Stock Data

3.47M
33.35M
22.5%
58.45%
0.47%
Telephone Apparatus Manufacturing
Manufacturing
Link
US
Andover

About CASA

casa systems is a leading provider of fixed, mobile, optical and wi-fi network solutions for ultra broadband services, which require over 1gbps throughput today and will require 10gbps or more within the next decade. we are focused on and passionate about enabling these services, regardless of access network type. casa systems has defined a new category of software-centric ultra broadband network edge devices that allow cable and mobile service providers to intelligently and cost-effectively scale their networks to meet gigabit demands today. based on disruptive technologies to target the growing market opportunity in interactive digital video and broadband ip services, casa systems provides market-leading, docsis 3.1-enabled ccap and cmts products, universal edgeqam and intelligent video processing solutions for broadcast and unicast services, as well as mobileedge small cell and managed wi-fi solutions. quick facts: • founded in 2003 • headquartered in andover, massachusetts