Casa Systems, Inc. (CASA)
Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Casa Systems, Inc. (CASA)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Casa Systems, Inc. (“Casa” or the Company”) (NASDAQ: CASA). The investigation concerns whether Casa and certain of its officers and/or directors have violated federal securities laws.
In December 2017, Casa concluded its initial public offering (“IPO”), offering 6 million shares of its common stock at $13.00 per share. Casa’s registration documents specified how its new technology proposals would create a compelling market opportunity and the Company hyped these initiatives saying it could rapidly grow Casa. Meanwhile, Casa knew its main customers' spending habits had dropped. On August 14, 2018, Casa revealed its disappointing financial results and cut its yearly revenue guidance by $50 million. Following this news, Casa stock dropped roughly 23$ to $12.08 per share. Casa has continued to drop and hit a low of $5.71 per share, a 56% drop from its IPO price.
If you are aware of any facts relating to this investigation, or purchased Casa shares, you can learn more about the investigation by contacting Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.