IT + CE
Caswell lists on Taiwan OTC stock market
Ninelu Tu, Taipei; Joseph Tsai, DIGITIMES
Tuesday 17 April 2018

Taiwan-based network security equipment supplier Caswell, an affiliate of the Foxconn Group, started trading on Taiwan's over-the-counter (OTC) stock market on April 16 at a price of NT$101 (US$3.42).

Caswell mainly focuses on designing, manufacturing and selling high-end industrial-level network and communication-related server and cable module products.

Caswell announced record consolidated revenues of NT$390 million for March, up 54.9% on month and 14.7% on year, and its first-quarter consolidated sales came to NT$952 million, up 9.8% on year.

In 2017, Caswell obtained orders for software-defined WAN (SD-WAN) solutions from a US-based client and has also recently entered the supply chains of the first-tier telecom carriers in the US and Japan. Thanks to growing demand for its SD-WAN products, the company saw 20% of its revenues from the product line in the first quarter of 2018.

Realtime news
© DIGITIMES Inc. All rights reserved.
Please do not republish, publicly broadcast or publicly transmit content from this website without written permission from DIGITIMES Inc. Please contact us if you have any questions.