NASDAQ:CASA - Casa Systems Stock Price, News, Headlines & Rumors

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

Casa Systems Inc (NASDAQ:CASA) issued its earnings results on Tuesday, August, 14th. The company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.01. The firm earned $68.70 million during the quarter, compared to analyst estimates of $90.64 million. The business's revenue for the quarter was up 3.2% compared to the same quarter last year. View Casa Systems' Earnings History.

Casa Systems is scheduled to release their next quarterly earnings announcement on Tuesday, November, 13th 2018. View Earnings Estimates for Casa Systems.

Casa Systems updated its FY18 earnings guidance on Tuesday, August, 14th. The company provided EPS guidance of $0.80-$0.88 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.14. The company issued revenue guidance of $330-$350 million, compared to the consensus revenue estimate of $390.57 million.

8 Wall Street analysts have issued twelve-month price targets for Casa Systems' shares. Their forecasts range from $12.00 to $31.00. On average, they expect Casa Systems' share price to reach $21.4286 in the next year. This suggests a possible upside of 72.0% from the stock's current price. View Analyst Price Targets for Casa Systems.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Casa Systems in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Casa Systems.

Casa Systems saw a increase in short interest in the month of July. As of July 31st, there was short interest totalling 1,914,806 shares, an increase of 46.4% from the July 13th total of 1,308,194 shares. Based on an average daily trading volume, of 548,563 shares, the days-to-cover ratio is presently 3.5 days. Currently, 7.6% of the shares of the stock are short sold. View Casa Systems' Current Options Chain.

Some companies that are related to Casa Systems include Echostar (SATS), ARRIS International (ARRS), ViaSat (VSAT), Maxar Technologies (MAXR), Mitel Networks (MITL), Loral Space & Communications Ltd. (LORL), CalAmp (CAMP), Comtech Telecomm. (CMTL), Sierra Wireless (SWIR), Gilat Satellite Networks (GILT), Harmonic (HLIT), Energous (WATT), Ceragon Networks (CRNT), KVH Industries (KVHI) and Vuzix (VUZI).

(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.

News headlines about CASA stock have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Casa Systems earned a media and rumor sentiment score of 0.01 on Accern's scale. They also gave press coverage about the company an impact score of 46.88 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near term. View Recent Headlines for Casa Systems.

Casa Systems' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Summit Partners L P (41.38%), Overbrook Management Corp (1.73%), Point72 Asset Management L.P. (1.16%), BlackRock Inc. (1.09%), Gilder Gagnon Howe & Co. LLC (0.77%) and Millennium Management LLC (0.62%). Company insiders that own Casa Systems stock include 2012 Irrevocable Tru Dragonfly, Bruce R Evans, Gary D Hall, Jerry Guo, Lucy Xie, Peter Y Chung and Weidong Chen. View Institutional Ownership Trends for Casa Systems.

CASA stock was sold by a variety of institutional investors in the last quarter, including Summit Partners L P, BlackRock Inc., Schwab Charles Investment Management Inc., Bank of New York Mellon Corp and Legal & General Group Plc. Company insiders that have sold Casa Systems company stock in the last year include 2012 Irrevocable Tru Dragonfly, Gary D Hall, Jerry Guo, Lucy Xie, Peter Y Chung and Weidong Chen. View Insider Buying and Selling for Casa Systems.

CASA stock was acquired by a variety of institutional investors in the last quarter, including Overbrook Management Corp, Point72 Asset Management L.P., Gilder Gagnon Howe & Co. LLC, Millennium Management LLC, Formula Growth Ltd., Bank of America Corp DE, Pier Capital LLC and Engineers Gate Manager LP. Company insiders that have bought Casa Systems stock in the last two years include Bruce R Evans and Jerry Guo. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

One share of CASA stock can currently be purchased for approximately $12.46.

Casa Systems has a market capitalization of $1.29 billion and generates $351.58 million in revenue each year. The company earns $88.50 million in net income (profit) each year or $0.79 on an earnings per share basis. Casa Systems employs 680 workers across the globe.

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]