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General

Casa Systems lowers FY guidance after Q3 hit by slower cable spend, delays at wireless

Friday 1 November 2019 | 09:24 CET | News
Casa Systems has lowered its full-year guidance after reporting lower-than-expected results for the third quarter, pulled down by slower cable spend and wireless delays. CEO Jerry Guo noted that despite the disappointing quarter, the company's overall business did become more diversified, with over half of revenue coming from cable and the other half split between wireless and fixed telecom. "This diversification indicates progress towards transforming the business while providing more stability in our revenue base in the future," the CEO said. The company added that the integration with

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Categories: General
Companies: Casa Systems / NetComm
Countries: World
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