Nasdaq Big Gainers: CASA, NTUS, FREQ
2:33 pm Monday, April 18th, 2022
Shares of Casa Systems Inc (NASDAQ: CASA) are up over 70% today after Verizon (NYSE:VZ) acquired a 9.9% stake in the company worth approximately $40 million. Casa operates as a provider of infrastructure solutions for “mobile, cable and fixed networks.” In addition, the company is actively involved with 5G service and provides products and services to expand connections. Before Verizon’s stake was announced, shares of CASA stock were down 31% year-to-date. With that said, let’s take a deeper look into Verizon’s bet on Casa.
Verizon also signed a multi-year purchase contract with Casa. The contract will allow Verizon to leverage the 5G capabilities of Casa to expand its Mobile Edge Compute (MEC) service offering. MEC technology allows computing resources to move into cloud servers at the network edge. The network edge is “as close as possible to places where data is generated.”
Shares of Natus Medical (NASDAQ:NTUS) were soaring Monday after the company announced it would be acquired by investment firm ArchiMed for approximately $1.2 billion. Natus (ticker: NTUS) is a maker of medical devices for diagnosing and treating disorders affecting the brain and nervous systems. ArchiMed will pay Natus shareholders $33.50 in cash for each share of common stock they own, a 29% premium to the stock’s closing price on April 14.
Frequency Therapeutics Inc (NASDAQ:FREQ) Frequency Therapeutics, Inc., a clinical-stage biotechnology company, focuses on developing therapeutics to activate a person’s innate regenerative potential to restore function. Its Progenitor Cell Activation approach uses small molecules and activate progenitor cells within the body to create functional tissue.
