Latest News by Industry
ANDOVER, Mass. (AP) — ANDOVER, Mass. (AP) — Casa Systems Inc. (CASA) on Tuesday reported a loss of $31.7 million in its first quarter.
The Andover, Massachusetts-based company said it had a loss of 33 cents per share. Losses, adjusted for one-time gains and costs, came to 26 cents per share.
The provider of digital cable video and broadband services posted revenue of $45.3 million in the period.
Casa Systems expects full-year revenue in the range of $300 million to $325 million.
In the final minutes of trading on Tuesday, the company's shares hit $1.20. A year ago, they were trading at $3.60.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a CASA">Zacks stock report on CASA at https://www.zacks.com/ap/CASA