Casa Systems falls on annual outlook suspension
05/05/2022 16:54
** Shares of software infrastructure provider CASA.O down
19.3% at $4.24 in afternoon trading
** Suspends its prior FY 2022 outlook indefinitely, citing
potential impact of supply chain challenges on its 2022 rev
urn:newsml:reuters.com:*:nGNX1hNXq0
** Co's Q1 rev falls 38.2% to $64.4 mln, missing analyst
estimates of $88.01 mln, according to data from Refinitiv
** Reports Q1 adj. shr loss of $0.35 vs. analysts'
expectations of co to break even on a per share basis
** As of last close, CASA down 26.1% YTD
(Reporting by Vansh Agarwal)
((Vansh.Agarwal@thomsonreuters.com;))
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