Equity alert: rosen law firm announces investigation of securities claims against casa systems, inc. - casa

New york--(business wire)--rosen law firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of casa systems, inc. (nasdaq: casa) resulting from allegations that casa may have issued materially misleading business information to the investing public. in december 2017, casa completed its initial public offering (“ipo”) in which it offered 6 million shares of its common stock at $13.00 per share. casa’s registration documents stated that new technology initiatives would allow for a compelling market opportunity and touted the fact that these initiatives would prompt casa systems to experience continued rapid growth. however, casa knew its key customers' spending had entered a "digestion" period that mitigated their expenditures. on august 14, 2018, casa announced disappointing financial results and cut its revenue guidance for the year by $50 million. on this news, casa stock declined from $15.60 to $12.08, a drop of almost 23%. since then, casa systems has continued to have disappointing financial results and the stock trades at just $5.71, a decline of 56% from its ipo price. rosen law firm is preparing a class action lawsuit to recover losses suffered by casa investors. if you purchased shares of casa please visit the firm’s website at http://www.rosenlegal.com/cases-register-1623.html to join the class action. you may also contact phillip kim rosen law firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or cases@rosenlegal.com. follow us for updates on linkedin: https://www.linkedin.com/company/the-rosen-law-firm, on twitter: https://twitter.com/rosen_firm or on facebook: https://www.facebook.com/rosenlawfirm/. rosen law firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. rosen law firm was ranked no. 1 by iss securities class action services for number of securities class action settlements in 2017. the firm has been ranked in the top 3 each year since 2013. rosen law firm has secured hundreds of millions of dollars for investors. attorney advertising. prior results do not guarantee future outcomes.
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