NASDAQ:CASA

Casa Systems Stock Forecast, Price & News

$9.53
+0.56 (+6.24 %)
(As of 06/14/2021 11:44 AM ET)
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Today's Range
$9.10
$9.59
50-Day Range
$7.80
$9.90
52-Week Range
$3.65
$13.15
Volume7,613 shs
Average Volume600,872 shs
Market Capitalization$809.26 million
P/E Ratio28.88
Dividend YieldN/A
Beta1.09
30 days | 90 days | 365 days | Advanced Chart
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Casa Systems logo

About Casa Systems

Casa Systems, Inc., a communications technology company, provides solutions for next-generation centralized, distributed, and virtualized architectures for cable broadband, fixed-line broadband, and wireless networks in North America, Latin America, the Asia-Pacific, Europe, the Middle East, and Africa. It offers converged cable access platforms; wireless network core products, such as virtual evolved packet and 5G core products, and security and wireless gateways, as well as small cell solutions and fixed wireless access devices; and optical access solutions, virtualized broadband network gateway router and multiservice routers, fiber-to-the-distribution-point devices, and residential broadband gateways; and machine-to-machine and industrial internet of things routers. The company was founded in 2003 and is headquartered in Andover, Massachusetts.

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MarketRank

Overall MarketRank

1.87 out of 5 stars

Consumer Discretionary Sector

67th out of 598 stocks

Radio & T.V. Communications Equipment Industry

7th out of 52 stocks

Analyst Opinion: 1.2Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 3.3Valuation: 2.5 5 -4 -3 -2 -1 -
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Casa Systems (NASDAQ:CASA) Frequently Asked Questions

Is Casa Systems a buy right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Casa Systems in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Casa Systems stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CASA, but not buy additional shares or sell existing shares.
View analyst ratings for Casa Systems
or view top-rated stocks.

What stocks does MarketBeat like better than Casa Systems?

Wall Street analysts have given Casa Systems a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Casa Systems wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Casa Systems?

Casa Systems saw a increase in short interest during the month of May. As of May 14th, there was short interest totaling 1,480,000 shares, an increase of 25.4% from the April 29th total of 1,180,000 shares. Based on an average trading volume of 544,800 shares, the days-to-cover ratio is presently 2.7 days. Currently, 4.8% of the shares of the stock are short sold.
View Casa Systems' Short Interest
.

When is Casa Systems' next earnings date?

Casa Systems is scheduled to release its next quarterly earnings announcement on Thursday, July 29th 2021.
View our earnings forecast for Casa Systems
.

How were Casa Systems' earnings last quarter?

Casa Systems, Inc. (NASDAQ:CASA) issued its quarterly earnings data on Thursday, April, 29th. The company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.02) by $0.13. The company had revenue of $104.28 million for the quarter, compared to the consensus estimate of $93.73 million. Casa Systems had a net margin of 7.10% and a trailing twelve-month return on equity of 44.62%.
View Casa Systems' earnings history
.

How has Casa Systems' stock been impacted by COVID-19 (Coronavirus)?

Casa Systems' stock was trading at $2.23 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CASA shares have increased by 321.1% and is now trading at $9.39.
View which stocks have been most impacted by COVID-19
.

What guidance has Casa Systems issued on next quarter's earnings?

Casa Systems updated its FY 2021 earnings guidance on Thursday, May, 6th. The company provided earnings per share guidance of 0.230-0.320 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.290. The company issued revenue guidance of $425 million-$445 million, compared to the consensus revenue estimate of $436.07 million.

What price target have analysts set for CASA?

5 Wall Street analysts have issued 12 month target prices for Casa Systems' stock. Their forecasts range from $8.00 to $12.00. On average, they anticipate Casa Systems' share price to reach $9.75 in the next twelve months. This suggests a possible upside of 3.8% from the stock's current price.
View analysts' price targets for Casa Systems
or view top-rated stocks among Wall Street analysts.

Who are Casa Systems' key executives?

Casa Systems' management team includes the following people:
  • Mr. Jerry Guo, Founder, Chairman, Pres & CEO (Age 58, Pay $2.32M)
  • Mr. Scott Bruckner, Chief Financial Officer (Age 62, Pay $967.68k)
  • Ms. Lucy Xie, Sr. VP of Operations & Director (Age 55, Pay $913.57k)
  • Mr. Matthew Slepian, Corp. Controller & Principal Accounting Officer (Age 56)
  • Mr. Weidong Chen, Chief Technology Officer (Age 54)
  • Ms. Monica Gould, Head of Investor Relations
  • Mr. Timothy C. Rodenberger, Gen. Counsel & Corp. Sec.
  • Ms. Cheryl George, VP of HR
  • Mr. Abraham Pucheril, Sr. VP of Product Strategy & Management (Age 55)
  • Mr. Alfredo T. de Cardenas, Chief Customer Officer (Age 56)

What is Jerry Guo's approval rating as Casa Systems' CEO?

34 employees have rated Casa Systems CEO Jerry Guo on Glassdoor.com. Jerry Guo has an approval rating of 54% among Casa Systems' employees. This puts Jerry Guo in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Casa Systems' key competitors?

What other stocks do shareholders of Casa Systems own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Casa Systems investors own include Applied Materials (AMAT), FTS International (FTSI), Nektar Therapeutics (NKTR), Corus Entertainment (CJREF), Lam Research (LRCX), Advanced Energy Industries (AEIS), KLA (KLAC), SP Plus (SP), Square (SQ) and Thor Industries (THO).

When did Casa Systems IPO?

(CASA) raised $78 million in an initial public offering on Friday, December 15th 2017. The company issued 6,000,000 shares at $13.00 per share. Morgan Stanley and Barclays served as the underwriters for the IPO and Raymond James, Stifel, Macquarie Capital, Northland Capital Markets and William Blair were co-managers.

What is Casa Systems' stock symbol?

Casa Systems trades on the NASDAQ under the ticker symbol "CASA."

Who are Casa Systems' major shareholders?

Casa Systems' stock is owned by many different retail and institutional investors. Top institutional shareholders include Alliancebernstein L.P. (2.91%), BlackRock Inc. (2.87%), Peregrine Capital Management LLC (2.72%), Ameriprise Financial Inc. (1.06%), Dimensional Fund Advisors LP (0.69%) and Geode Capital Management LLC (0.66%). Company insiders that own Casa Systems stock include Lucy Xie, Michael T Hayashi and William C Styslinger III.
View institutional ownership trends for Casa Systems
.

Which institutional investors are selling Casa Systems stock?

CASA stock was sold by a variety of institutional investors in the last quarter, including Cooper Creek Partners Management LLC, Alliancebernstein L.P., Assenagon Asset Management S.A., Ameriprise Financial Inc., D. E. Shaw & Co. Inc., Peregrine Capital Management LLC, Goldman Sachs Group Inc., and Renaissance Technologies LLC. Company insiders that have sold Casa Systems company stock in the last year include Lucy Xie, and William C Styslinger III.
View insider buying and selling activity for Casa Systems
or view top insider-selling stocks.

Which institutional investors are buying Casa Systems stock?

CASA stock was purchased by a variety of institutional investors in the last quarter, including Hillsdale Investment Management Inc., EAM Global Investors LLC, EAM Investors LLC, AQR Capital Management LLC, Morgan Stanley, Nuveen Asset Management LLC, Dimensional Fund Advisors LP, and Geode Capital Management LLC.
View insider buying and selling activity for Casa Systems
or or view top insider-buying stocks.

How do I buy shares of Casa Systems?

Shares of CASA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Casa Systems' stock price today?

One share of CASA stock can currently be purchased for approximately $9.39.

How much money does Casa Systems make?

Casa Systems has a market capitalization of $797.37 million and generates $393.25 million in revenue each year. The company earns $24.80 million in net income (profit) each year or $0.17 on an earnings per share basis.

How many employees does Casa Systems have?

Casa Systems employs 993 workers across the globe.

What is Casa Systems' official website?

The official website for Casa Systems is www.casa-systems.com.

Where are Casa Systems' headquarters?

Casa Systems is headquartered at 100 OLD RIVER ROAD, ANDOVER MA, 01810.

How can I contact Casa Systems?

Casa Systems' mailing address is 100 OLD RIVER ROAD, ANDOVER MA, 01810. The company can be reached via phone at 978-688-6706 or via email at [email protected]


This page was last updated on 6/14/2021 by MarketBeat.com Staff
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