Casa Systems, Inc. Stock Price, News & Analysis

Casa Systems (Nasdaq: CASA) announced that YTL Communications has successfully deployed its cloud-native 5G Core solution, marking Malaysia's first comprehensive 5G network. This deployment enhances digital transformation and economic growth within the country. YTL Communications began soft-launching 5G services in December 2021 and made a commercial launch on May 26, 2022. The 5G network will offer improved services and user experiences and positions Casa as a leader in cloud-native technology.

Casa Systems (Nasdaq: CASA) showcased its commitment to vendor interoperability at the CableLabs Q2 Interoperability event, demonstrating compliance with the Flexible MAC Architecture (FMA) specification. The company's software-based FMA solutions, including the Axyom vRMD manager and Remote MACPHY node, were tested in a multi-vendor lab setting. With nearly 20 years of DOCSIS expertise, Casa Systems aims to accelerate the transition to next-gen cloud-based networks, offering operational agility and interoperability for service providers.

Casa Systems (NASDAQ: CASA) has signed a Memorandum of Understanding (MoU) with VNPT to explore 5G capabilities, including cloud-native 5G Core and Radio Access Networks. This partnership aims to enhance VNPT’s network capabilities and drive 5G monetization. The agreement will facilitate the exploration of various use cases for 4G and 5G technologies. Both companies aim to develop innovative digital services to meet diverse customer needs in Vietnam. VNPT is positioned as a leader in Vietnam's digital transformation and aims to further capitalize on this collaboration.

Casa Systems reported Q1 2022 revenue of $64.4 million with a 41.4% gross margin. Despite a GAAP net loss of $(32.6) million and a non-GAAP net loss of $(29.6) million, the company demonstrated resilience with positive operating cash flow of $18.1 million and a strong cash position of $168.6 million. The backlog is robust, and a significant partnership with Verizon for 5G services is a bright spot. However, the company has temporarily suspended its fiscal 2022 guidance due to ongoing supply chain challenges.

Casa Systems, Inc. (Nasdaq: CASA) will announce its first quarter 2022 results on May 4, 2022, after U.S. market close. A conference call to discuss the results will follow at 5 p.m. EDT, accessible via the Company’s Investor Relations website. Casa Systems is recognized for providing innovative infrastructure technology solutions aimed at expediting 5G deployment across various networks. Serving over 475 service providers globally, the Company emphasizes the importance of its cutting-edge, cloud-native solutions in advancing connectivity.

Casa Systems, Inc. (Nasdaq: CASA) announced a significant multi-year contract with Verizon (NYSE: VZ) to provide 5G Core Network Functions, enhancing Verizon's public Mobile Edge Computing (MEC) services. Additionally, Verizon will invest approximately $40 million in Casa's common stock, acquiring a 9.9% ownership stake. This partnership underscores Casa’s position as a leader in 5G infrastructure and reflects the growing demand for cloud-native technology in telecommunications. Casa's President and CEO highlighted this as a milestone for their business and technology strategy.

Casa Systems has appointed Edward Durkin as its new Chief Financial Officer (CFO), effective April 4, 2022. With over 30 years of financial expertise in the technology sector, Durkin previously served as CFO at Fuze, Inc., recently acquired by 8x8, Inc. His experience also includes leadership roles at Actifio, Digital Guardian, and other companies. CEO Jerry Guo expressed confidence in Durkin’s ability to enhance the company’s revenue visibility and profitability in the cloud-native software segment. Casa Systems focuses on providing advanced infrastructure technology solutions globally.

Casa Systems (CASA) reported a strong financial performance for Q4 and FY 2021, with revenue reaching $105.1 million in Q4 and $401.3 million for the year despite supply chain challenges. The company achieved a gross margin of 43.8% in Q4 and 46.9% for the year. GAAP net income stood at $1.5 million for Q4 and $3.2 million for the full year. CASA anticipates 2022 revenues between $380 million and $430 million, with software revenue projected to comprise 25%-30% of total revenue.

Casa Systems, Inc. (Nasdaq: CASA) has partnered with Rogers Communications to enhance broadband services in Canada. Utilizing Casa’s Axyom vCCAP and DAA solutions, this collaboration aims to deliver multi-gigabit broadband with improved capacity and subscriber experience. Rogers seeks a scalable solution to meet rising demand and customer expectations, as emphasized by their network development executives. Casa’s technology promises reduced costs and increased operational efficiency, making it a future-ready choice for high-performance network evolution.