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.
CASA Ratings Summary
CASA Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission