Casa Systems, Inc. - CASA STOCK NEWS

Casa Systems (Nasdaq: CASA) has announced the general availability of its Axyom™ 5G multi-access core, validated on Red Hat OpenShift. This solution aims to enhance network automation and scalability for service providers and enterprises. The CNF 5G Core reduces complexity and operational expenses while supporting various use cases, fostering flexible and programmable networks. Casa's innovations facilitate the integration of fixed and wireless technologies, presenting new revenue opportunities in the 5G landscape. The company serves over 475 Tier 1 and regional service providers globally.

Casa Systems has announced the first successful integration of its cloud-native 5G Standalone (SA) Core platform with Google Cloud, optimizing performance across long distances. The collaboration enables ultra-low latency of 10 milliseconds and can reduce end-to-end delivery costs by up to 25%. This integration allows service providers to deploy agile, scalable, and cost-effective 5G services from the edge to the cloud, enhancing user experience and application performance. Casa Systems aims to transform mobile networks and improve service offerings with its AxyomÔ Software Framework.

Casa Systems (NASDAQ: CASA) has announced the deployment of its Fiber Extension solutions with leading service providers in the U.S. and Europe. This technology enhances Fiber-to-the-Home (FTTH) networks, addressing connectivity challenges in hard-to-reach locations. The new 1-port Distribution Point Unit (DPU) supports gigabit services over existing copper lines. Increasing broadband demand and government programs like the Rural Digital Opportunity Fund are driving the need for efficient broadband solutions, allowing more homes to access high-speed internet.

Casa Systems reported first quarter 2021 revenue of $104.3 million, a 25% increase from the previous year. The gross margin stood at 53.7%, with GAAP net income of $5.7 million. Adjusted EBITDA surged 452% year-over-year to $20.2 million. The company reaffirmed its 2021 guidance, expecting revenue between $425 million and $445 million and GAAP operating income of $28 million to $38 million. Notably, wireless backlog grew 427% year-over-year, indicating strong demand for the company's products.

Casa Systems, Inc. (Nasdaq: CASA) announced it will release its first quarter 2021 results on April 29, 2021, after U.S. market close. A conference call will be held at 5 p.m. EDT on the same day to discuss these results, with a live audio webcast available on the company's Investor Relations website. Casa Systems provides cloud-native infrastructure technology solutions for mobile, cable, and fixed networks, facilitating 5G transformation with innovative architectures.

Casa Systems, Inc. (Nasdaq: CASA) announced the launch of its new O-RAN mid-band radio, Apex 5G Evo, designed for enhanced indoor 5G connectivity. This innovative solution supports simultaneous use of multiple mid-band channels, including CBRS and C-Band frequencies, enabling service providers to deliver multi-gigabit 5G user experiences for both consumers and businesses. The Apex 5G Evo allows for flexible, remotely managed band selection, catering to various deployment needs, including private networks and neutral-host architectures. Casa aims to meet the evolving demands of 5G networks through this comprehensive radio solution.

Casa Systems, Inc. announced impressive financial results for Q4 and the full year 2020, with revenues reaching $120.5 million in Q4 and $393.2 million for the year. The company reported a gross margin of 51.6% in Q4 and 51.0% for the full year. Notably, GAAP net income stood at $23.2 million for Q4 and $24.8 million for the year, translating to earnings per diluted share of $0.27 and $0.29, respectively. For 2021, Casa expects revenue between $425 million and $445 million and a non-GAAP diluted net income per share of $0.23 to $0.32.

Casa Systems (NASDAQ: CASA) is set to release its fourth quarter and full year 2020 results on February 18, 2021, following the close of U.S. markets. A conference call will be held at 5 p.m. ET to discuss these results, accessible via their Investor Relations website. Casa Systems specializes in cloud-native, 5G infrastructure, and has a strong global presence with services provided in over 70 countries to more than 475 Tier 1 and regional service providers.

Casa Systems (Nasdaq: CASA) has partnered with Izzi, Mexico's largest MSO, to deploy its Axyom Virtual Broadband Network Gateway (vBNG). This cloud-native solution aims to enhance broadband capacity and prepare for next-generation services, with deployments commencing in various Mexican cities throughout 2021. Casa's vBNG offers performance, scalability, and flexibility, enabling efficient network management and the potential for new revenue streams. The initiative aligns with Casa's strategy to facilitate easier network transformation for service providers.