Casa Systems, Inc. Common Stock

CASA

Market cap $3.47M

Casa Systems (NASDAQ: CASA ) stock continues to fall on Thursday after the communications technology company filed for bankruptcy yesterday. Casa Systems filed for bankruptcy on Wednesday of its own volition.

VICTORIA, British Columbia--(BUSINESS WIRE)--Vecima announces it has entered into an APA to acquire the Cable Business assets of Casa Systems, Inc. and certain of Casa's subsidiaries.

Lumine Group (TSXV:LMN) has entered into an asset purchase agreement to acquire the Axyom Cloud Native 5G Core Software & RAN Assets from Casa Systems.

Reaches Agreements to Sell 5G Mobile Core and RAN Assets to Lumine Group and Cable Business to Vecima Networks Reaches Agreements to Sell 5G Mobile Core and RAN Assets to Lumine Group and Cable Business to Vecima Networks

Tight Integration of Capabilities Ushers in New Era of Simple, Cost-Effective MPN with Enterprise-Friendly Authentication, Security and Policy Management Tight Integration of Capabilities Ushers in New Era of Simple, Cost-Effective MPN with Enterprise-Friendly Authentication, Security and Policy Management

Prestigious Annual IoT Breakthrough Awards Program Recognizes Standout Internet-of-Things Companies and Products Prestigious Annual IoT Breakthrough Awards Program Recognizes Standout Internet-of-Things Companies and Products

ANDOVER, Mass., Jan. 09, 2024 (GLOBE NEWSWIRE) -- Casa Systems (Nasdaq: CASA), provider of innovative access network solutions serving customers worldwide, today announced the launch of the first solution in its AurusXT 5G Industrial IoT (IIoT) Series, the NTC-500 5G IIoT router, which leverages the speed and coverage of a 5G network to provide high-speed Ethernet-to-cellular connectivity. Casa's NTC-500 is the first 5G IIoT router to support dynamic network slicing capabilities, allowing operators to provide new and tailored services to their enterprise customers.

Telco, cloud, and networking veteran with extensive global experience will help Casa Systems drive digital transformation of the telecom industry through software and cloud-centric focus Telco, cloud, and networking veteran with extensive global experience will help Casa Systems drive digital transformation of the telecom industry through software and cloud-centric focus

BBW, CASA and CENTA have been added to the Zacks Rank #5 (Strong Sell) List on December 27, 2023.

Telecom, IT and enterprise veteran joins Casa Systems as it accelerates its focus on software-centered telecom and brings proven track record of executing complex business transformation Telecom, IT and enterprise veteran joins Casa Systems as it accelerates its focus on software-centered telecom and brings proven track record of executing complex business transformation