initial public offerings (IPOs) trading on American exchanges

Tuesday, August 14, 2018

Casa Systems (CASA) reported earnings on Tue 14 Aug 2018 (a/h)

** charts before earnings **


** charts after earnings **


Casa Systems beats by $0.01, misses on revs; guides FY18 EPS below consensus, revs below consensus, announces $75 mln stock repurchase program 
  • Reports Q2 (Jun) earnings of $0.24 per share, $0.01 better thanthe Capital IQ Consensus of $0.23; revenues rose 3.2% year/year to $68.7 mln vs the $90.64 mln Capital IQ Consensus.
  • Reports gross margin of 71.9%, compared to gross margin of 68.7% in 2Q17.
  • Co issues downside guidance for FY18, sees EPS of $0.80-$0.88 vs. $1.14 Capital IQ Consensus Estimate; sees FY18 revs of $330-$350 mln vs. $390.57 mln Capital IQ Consensus Estimate.
  • Commentary: "...While we are disappointed with the moderation in our top-line growth during the second quarter, we believe that this is related to the timing of several projects involving network transformation and capacity upgrades. Given the forward pipeline in all three of our end markets, I am as enthusiastic as ever about the outlook for the company. Based on our confidence in the future of the business and commitment to delivering value to our shareholders, we are announcing a stock repurchase program for up to $75 million of shares of common stock ..."

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