Casa Systems (CASA) Reports Prelim. 4Q & FY18 EPS/Revenue Results Below Consensus

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Go back to Casa Systems (CASA) Reports Prelim. 4Q & FY18 EPS/Revenue Results Below Consensus

Casa Systems Announces Preliminary Fourth Quarter and Full Year 2018 Financial Results

January 17, 2019 4:48 PM EST

ANDOVER, Mass., Jan. 17, 2019 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (Nasdaq: CASA), a leading provider of converged broadband infrastructure technology solutions for mobile, cable and fixed networks, today announced certain preliminary results for the fourth quarter and fiscal year 2018 ended December 31, 2018.

Our fourth quarter results were impacted by lower than expected spending in hardware by certain MSO customers as they begin to transition from Integrated CCAP to Distributed Access Architecture (DAA).  As a result, we saw higher than anticipated software-based capacity sales during the quarter and lower than expected hardware volumes.  To a lesser... More