QUALCOMM Incorporated (NASDAQ:QCOM) attempts to attain leading position in street, Shares price changes as it 2.84% to close at $56.80 with the total traded volume of 5.44 Million shares. Qualcomm Inc. (QCOM) reported on Friday that it is again extending the offering period for its cash tender offer for all of the shares of NXP Semiconductors N.V.(NXPI) The offering will now expire at 5.00 p.m. on May 25. The move marks at least the 11th time Qualcomm has extended the offer this year. The firm has institutional ownership of 79.80%, while insider ownership included 0.16%. Its price to sales ratio ended at 3.62. QCOM attains analyst recommendation of 2.50 with week’s performance of 5.22%.
Casa Systems, Inc. (NASDAQ:CASA) try to make new thrust in street and making different trends, stocks trading ended with 3.55% to $20.73. Casa Systems, Inc. (CASA) released that its financial results for its first quarter ended March 31, 2018. Revenues were $89.1 million, an increase of 22.5% compared to the first quarter of 2017. Adjusted EBITDA of $29.5 million, an increase of 11.6% compared to the first quarter of 2017
Casa’s President and CEO, Jerry Guo said, “I am pleased to report that we had another strong quarter. We are seeing continued growth across our business. During the quarter, DOCSIS 3.1 deployments accelerated with our MSO customers, deployments of our small cell solutions have begun with our mobile customers, and 5G/4G core trials gained momentum with existing and prospective mobile customers. Finally, we are very excited about the launch of our Virtual Broadband Network Gateway, or vBNG router solution, where we are already engaged in multiple trials with both existing and prospective customers,” said Guo.
Commenting on the Company’s financial results, Gary Hall, Casa’s CFO, added, “I am pleased with our strong financial results for the quarter, driven by the deployment of our industry-leading solutions by our customers as they provide additional bandwidth and services to their subscribers. We continue to deliver revenue growth and profitability, while continuing to invest in our business.”
To supplement our financial results presented in accordance with Generally Accepted Accounting Principles (GAAP), we are presenting non-GAAP financial measures in this press release. A reconciliation of GAAP to non-GAAP measures has been provided in the financial statement tables included in this press release. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures”. The share price of CASA attracts active investors, as stock price of week volatility recorded 6.30%. The stock is going forward to its 52-week low with 56.45% and lagging behind from its 52-week high price with -39.40%.