Casa Systems - CASA . NASDAQ
Company website: https://www.casa-systems.com/
Morningstar: Current stock price & financial data
This is what I thought in November 2019 when I first bought the stock...
Casa Systems is a technology company with a suite of software and hardware products which enable telecom companies to add capacity, speed and new capabilities to their network infrastructure. They have served hundreds of customers in 70 countries around the world. Their original core customer group has traditionally been the cable companies, but spending started to dry up in 2018 after several years of industry-wide infrastructure investment. The resulting downturn hit Casa stock hard and I started buying in at a price of around $3.50 per share and a price to peak earnings ratio of around 3.5. My hope is that cable spending will at least partly recover, providing enough in the way of earnings to justify a higher stock price. The kicker to the deal, though, is the company’s shift in focus to the new 5G standard and their plan to leverage their existing platform and expertise to harness the anticipated industry demand for solutions to help build out this exciting new telecommunications technology.
What's changed since I made my first purchase of this stock? Follow the ongoing story in the posts below...
Mentioned / Featured in the Following Blog Posts
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Portfolio Review – October 2021 October 6, 2021
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Portfolio Update: Sold Genesco September 20, 2021
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Portfolio Review – March 2021 March 31, 2021
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Portfolio Review – Year End 2020 January 4, 2021
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Portfolio Review – October 2020 October 4, 2020
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Portfolio Review – June 2020 May 29, 2020
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Portfolio Review – Year End 2019 December 15, 2019
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Portfolio Update: Bought Casa Systems November 28, 2019