Quick Take
Cable telecom technology vendor Casa Systems (CASA) has proposed termsfor a $134 million U.S. IPO of its common stock.
The firm sells both hardware and software-centric bandwidth products to cable system operators for fixed, mobile, optical and Wi-Fi networking environments.
Casa is proposing a high valuation for its IPO while topline revenue growth has dwindled. Although management has a promising strategy for returning to higher sales growth, I find the current valuation as a major negative.
You can read an expanded version of this analysis with commentary on my IPO research service, IPO Edge. Visit to learn more >>.
