An investigation for investors in Casa Systems, Inc. (NASDAQ: CASA) shares over potential securities laws violations by Casa Systems, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 05/20/2019 -- An investigation was announced concerning potential securities laws violations by Casa Systems, Inc. and certain of its directors and officers in connection with certain financial statements.
Investors who purchased shares of Casa Systems, Inc. (NASDAQ: CASA), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Casa Systems, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Andover, MA based Casa Systems, Inc. provides software-centric broadband products in North America, Latin America, the Asia-Pacific, Europe, the Middle East, and Africa. Casa Systems, Inc. went public in December 2017. It sold 6 million shares at $13.00 per share in its initial public offering.
On February 21, 2019, Casa Systems, Inc. reported its fourth quarter 2018 and full year 2018 financial results. Casa Systems, Inc. reported that its annual Total Revenue declined from $351.57 million in 2017 to $297.12 million in 2018 and that its Net Income declined from $88.5 million in 2017 to $73 million in 2018.
Those who purchased shares of Casa Systems, Inc. (NASDAQ: CASA) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.