Casa Systems, Inc. (NASDAQ:CASA) is reporting third quarter financial results on Wednesday 28th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, CASA is expected to report 3Q20 income of $ 0.04 per share from revenue of $ 91.46 million.
For the full year, analysts anticipate top line of $ 357.09 million, while looking forward to income of $ 0.06 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 340.00 million ~ $ 360.00 million
Click Here For More Historical Outlooks Of Casa Systems, Inc.
Previous Quarter Performance
Casa Systems, Inc. communicated income for the second quarter of $ 0.01 per share, from the revenue of $ 83.35 million. The quarterly earnings dropped 85.71 percent compared with the same quarter last year. According to street consensus, CASA was expected to report 2Q20 loss of $ 0.03 per share from revenue of $ 76.09 million. The bottom line results beat street analysts by $ 0.04 or 133.33 percent, at the same time, top line results outshined analysts by $ 7.26 million or 9.54 percent.
Stock Performance
Shares of Casa Systems, Inc. traded low $ -0.35 or -7.14 percent on Tuesday, reaching $ 4.55 with volume of 529.90 thousand shares. Casa Systems, Inc. has traded high as $ 4.92 and has cracked $ 4.35 on the downward trend
According to the previous trading day, closing price of $ 4.55, representing a 164.86 % increase from the 52 week low of $ 1.85 and a 27.84 % decrease over the 52 week high of $ 6.79.
The company has a market capital of $ 378.26 million and is part of the Technology sector and Communication Equipment industry.
Conference Call
Casa Systems, Inc. will be hosting a conference call at 5:00 PM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.casa-systems.com
Casa Systems, Inc. provides software-centric broadband products in North America, Latin America, the Asia-Pacific, Europe, the Middle East, and Africa. The company offers solutions that allow cable service providers to deliver voice, video, and data services over a single platform at multi-gigabit speeds.
