News Release Details
Casa Systems to Announce Multi-Year Transformation Toward Software and Cloud at Investor Day
Key Event Highlights
Casa Systemsis deploying a disruptive, end-to-end connected cloud solution to help customers generate new revenue from 5G, rural, and mobile private networks (MPN).
- Tens of billions of dollars will be spent to transform networks for 5G, rural and MPN.
- Long-Term Financial Outlook, Refinancing and Deleveraging Plans
“Casa is in the process of a multi-year transformation from a hardware-heavy to a software and cloud-centric company,” said
Investor Day Agenda
Jerry Guo, Chief Executive Officer, will outline the Company’s vision for a connected cloud with multiple cloud components deployed at data centers, service provider edge, and enterprise and consumer premises. Alf de Cardenas, Chief Customer Officer, will highlight how the Company is expanding to a broader base of customers and addressable market footprint as Casa Systemsdeploys its 5G, rural and MPN solutions. Steve Collins, Senior Vice President of Access Devices, will detail how the Company is creating a network capable of delivering innovative new features with extreme flexibility for private and public networks with open cloud-native designs. Gibson Ang, Vice President of Technology, will discuss the Company’s 5G core and radio solutions. Peter Wolf, Vice President of Wireline Solutions, will explain how the Company is positioning new solutions for the cable market. Scott Bruckner, Chief Financial Officer, will address the Company’s current and long-term financial position, including financial targets.
As the result of executing on the Company’s strategic priorities,
- At least 50 percent of revenue coming from software and cloud products.
- Return to 60 percent or greater gross margin.
- Gross profit to increase at a compound annual growth rate of no less than 10%.
Interested parties will need to register for access to Casa Systems’ Investor Day webcast through the investor relations area of Casa Systems’ corporate website, where related materials will be posted prior to the webcast. A replay of the webcast will be available after conclusion of the event for 90 days at https://investors.casa-systems.com.
Source: Casa Systems, Inc.