An investigation on behalf of investors of Casa Systems, Inc. (NASDAQ: CASA) shares over potential securities laws violations by Casa Systems, Inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Casa Systems, Inc. (NASDAQ: CASA) concerning whether a series of statements by Casa Systems, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Andover, MA based Casa Systems, Inc. provides software-centric broadband products in North America, Latin America, the Asia-Pacific, Europe, the Middle East, and Africa. Casa Systems, Inc. went public in December 2017. It sold 6 million shares at $13.00 per share in its initial public offering.

On February 21, 2019, Casa Systems, Inc. reported its fourth quarter 2018 and full year 2018 financial results. Casa Systems, Inc. reported that its annual Total Revenue declined from $351.57 million in 2017 to $297.12 million in 2018 and that its Net Income declined from $88.5 million in 2017 to $73 million in 2018.

Shares of Casa Systems, Inc. (NASDAQ: CASA) declined to as low as $7.08 per share on May 6, 2019.