NASDAQ:CASACasa Systems Stock Price, Forecast & News

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 168.6% and is now trading at $5.99.
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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Casa Systems in the last year. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
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Casa Systems is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
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Casa Systems Inc (NASDAQ:CASA) posted its quarterly earnings results on Thursday, July, 30th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.03) by $0.04. The business earned $83.35 million during the quarter, compared to analyst estimates of $79.50 million. Casa Systems had a negative net margin of 9.96% and a negative return on equity of 7.87%.
View Casa Systems' earnings history.

Casa Systems updated its FY 2020 After-Hours earnings guidance on Thursday, July, 30th. The company provided earnings per share (EPS) guidance of 0.00-0.12 for the period, compared to the Thomson Reuters consensus estimate of $0.03. The company issued revenue guidance of $340-360 million, compared to the consensus revenue estimate of $352.94 million.

5 brokerages have issued 12-month price objectives for Casa Systems' shares. Their forecasts range from $5.00 to $8.00. On average, they expect Casa Systems' share price to reach $6.00 in the next twelve months. This suggests a possible upside of 0.2% from the stock's current price.
View analysts' price targets for Casa Systems.

Media coverage about CASA stock has trended very negative on Sunday, InfoTrie Sentiment reports. The research group identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Casa Systems earned a news impact score of -3.4 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future.
View the latest news about Casa Systems.

Casa Systems saw a drop in short interest in the month of July. As of July 31st, there was short interest totaling 1,880,000 shares, a drop of 22.3% from the July 15th total of 2,420,000 shares. Based on an average trading volume of 339,500 shares, the days-to-cover ratio is presently 5.5 days. Approximately 6.9% of the shares of the company are short sold.
View Casa Systems' Short Interest.

Some companies that are related to Casa Systems include Maxar Technologies (MAXR), Harmonic (HLIT), Loral Space & Communications Ltd. (LORL), Sierra Wireless (SWIR), Comtech Telecomm. (CMTL), Cambium Networks (CMBM), Gilat Satellite Networks (GILT), CalAmp (CAMP), Ceragon Networks (CRNT), KVH Industries (KVHI), Vuzix (VUZI), Airgain (AIRG), Energous (WATT), PC Tel (PCTI) and Aviat Networks (AVNW).
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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), Lam Research (LRCX), Corus Entertainment (CJREF), Advanced Energy Industries (AEIS), KLA (KLAC), Square (SQ), SP Plus (SP) and Argan (AGX).

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

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

Casa Systems' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Peregrine Capital Management LLC (1.56%), Assenagon Asset Management S.A. (0.27%), Russell Investments Group Ltd. (0.10%) and Swiss National Bank (0.08%).
View institutional ownership trends for Casa Systems.

CASA stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Russell Investments Group Ltd., Peregrine Capital Management LLC, and Swiss National Bank.
View insider buying and selling activity for 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CASA stock can currently be purchased for approximately $5.99.

Casa Systems has a market capitalization of $498.01 million and generates $282.30 million in revenue each year. The company earns $-48,210,000.00 in net income (profit) each year or ($0.05) on an earnings per share basis. Casa Systems employs 777 workers across the globe.

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

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]