$CASA strongest Q4 with record wireless revenue
In the fourth quarter of 2020, Casa Systems' revenue rose 7% year over year to $120.5 million. Adjusted earnings increased from $0.15 to $0.27 per diluted share. Your average Wall Street analyst would have settled for earnings of roughly $0.11 per share on sales near $107.5 million.
The company booked 26 purchase orders for 4G and 5G wireless systems in the fourth quarter, making wireless products the largest revenue generator in this period at 42% of total sales. That's a significant shift from the year-ago quarter, where cable broadband equipment accounted for a leading 48% of Casa's total sales.
Wireless sales nearly doubled in fiscal year 2020, while fixed telco network sales posted even faster growth of 150%. The laggard in Casa's portfolio these days is the cable networking segment, which CEO Jerry Guo sees as a "steady and consistent" contributor rather than a growth driver.
fool.com/investing/2021/02/19/why-casa-systems-stock-soared-more-than-50-friday/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
“We had one of our strongest quarters with record wireless revenue and a healthy backlog to support our top-line growth in 2021,”
finance.yahoo.com/news/casa-systems-reports-fourth-quarter-211200893.html
The company booked 26 purchase orders for 4G and 5G wireless systems in the fourth quarter, making wireless products the largest revenue generator in this period at 42% of total sales. That's a significant shift from the year-ago quarter, where cable broadband equipment accounted for a leading 48% of Casa's total sales.
Wireless sales nearly doubled in fiscal year 2020, while fixed telco network sales posted even faster growth of 150%. The laggard in Casa's portfolio these days is the cable networking segment, which CEO Jerry Guo sees as a "steady and consistent" contributor rather than a growth driver.
fool.com/investing/2021/02/19/why-casa-systems-stock-soared-more-than-50-friday/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
“We had one of our strongest quarters with record wireless revenue and a healthy backlog to support our top-line growth in 2021,”
finance.yahoo.com/news/casa-systems-reports-fourth-quarter-211200893.html
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