Streetbeat News

VNWTF

Vecima Networks Inc

Industry

Telephone Apparatus Manufacturing

Open

12.50

Mkt cap

298M

Volume

100

High

12.50

P/E Ratio

20.76

52-wk high

18.50

Low

12.25

Div yield

0.01

52-wk low

11.50

Vecima Networks Inc. has announced potential delays in the delivery of disclosure documents due to a strike by the Canadian Union of Postal Workers (CUPW).

Portfolio Pulse from

November 20, 2024 | 3:30 am

Casa Systems, Inc. (NASDAQ:CASA) shares plummeted after announcing a Chapter 11 sale process for its businesses. The company filed for bankruptcy in Delaware and has agreements to sell its 5G and Cable businesses to Lumine Group (OTC:LMGIF) and an affiliate of Vecima Networks, Inc (OTC:VNWTF), respectively. Casa Systems aims to complete these transactions swiftly, with support from over 98% of its senior secured lenders. The company's CEO cited significant revenue and profit declines due to reduced industry capital investment and the costs of developing 5G products as reasons for the sale. Investors can access Casa Systems stock through IShares Microcap ETF (NYSE:IWC) and Vanguard Information Tech ETF (NYSE:VGT). CASA shares dropped 80.4% to $0.05.

Portfolio Pulse from Lekha Gupta

April 03, 2024 | 5:38 pm

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