Casa Systems, Inc. Stock Price, News & Analysis

Casa Systems announced that LG U+, a leading South Korean operator, has selected its virtualized Home eNodeB Gateway (HeNB GW) solution to enhance network infrastructure. This collaboration aims to modernize LG U+’s services, improve 4G coverage, and unlock new revenue opportunities. With nearly 20 million subscribers, LG U+ focuses on advanced services through modern networking.

Casa Systems partnered with E-Tech System to facilitate this deployment. The virtualized solution offers operational agility, requiring less space and power, thus benefitting small and medium businesses. LG U+ will utilize the HeNB GW for better traffic management and the Security Gateway (SeGW) for enhanced connectivity. This partnership marks a significant venture for Casa Systems in the 4G/5G landscape.

Casa Systems announced the successful deployment of its innovative DA2200 Distributed Access node with Tier 1 cable operators across North and South America. This FPGA-based, DOCSIS 4.0-ready node sets new benchmarks for performance and flexibility, facilitating a smooth transition to distributed, cloud-native environments for operators. The DA2200 offers gigabit+ throughput and can support high-split symmetrical services, enabling operators to enhance their service offerings. As broadband demand surges, Casa's solutions like the virtual CCAP aim to improve operational agility while keeping costs manageable. Casa Systems will showcase its technologies at ANGA COM 2023 in Cologne, Germany, highlighting how its cloud-native solutions can maximize revenue opportunities.

Casa Systems has successfully completed interoperability testing and achieved full certification of its cloud-native Axyom™ 5G Core with SS8 Networks' Xcipio lawful intercept platform. This certification enhances Casa Systems' 5G Core portfolio by introducing a compliant Mobile Edge Computing (MEC) solution, enabling Communication Service Providers (CSPs) to meet law enforcement regulations efficiently. As 5G technology advances, the demand for MEC infrastructures is increasing, addressing traffic congestion and improving application performance, particularly for IoT services. The partnership facilitates near-real-time delivery of intercepted data, ensuring regulatory compliance and minimal resource usage for CSPs.

Casa Systems emphasizes its commitment to delivering efficient networks that align with legal requirements worldwide, showcasing collaboration with leading industry partners.

Casa Systems (Nasdaq: CASA) is set to showcase its advanced broadband solutions at ANGA COM 2023, highlighting its innovative cloud-native technologies. The company aims to empower operators transitioning to virtualized, cloud-based infrastructures, enhancing their operational agility and network performance. Key offerings include the Virtual CCAP for high-speed services, Distributed Access Architecture solutions for improved capacity, and the Virtualized Video Core for seamless network transition. Casa Systems continues to lead in delivering future-proof solutions across 70 countries, serving over 475 service providers globally.

Casa Systems, Inc. (NASDAQ: CASA) announced a leadership transition with CEO Jerry Guo retiring, effective March 17, 2023, while remaining on the Board. Bruce Evans was appointed new Chairman. For Q4 2022, Casa reported revenue of $84.4 million, exceeding guidance, and a GAAP net income of $1.2 million. The company reduced debt by $49.2 million to $226 million. Casa expects 2023 revenue between $300 million and $325 million with positive Net Adjusted EBITDA. A major North American customer notified Casa of no expected orders for cable broadband infrastructure upgrades, impacting projections. Casa has no exposure to Silicon Valley Bank.