Casa Systems - CASA Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Casa Systems in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CASA shares.
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2 Wall Street analysts have issued 1-year price targets for Casa Systems' stock. Their CASA share price forecasts range from $3.00 to $5.00. On average, they predict the company's stock price to reach $4.00 in the next twelve months. This suggests a possible upside of 227.9% from the stock's current price.
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Casa Systems' stock was trading at $2.73 at the beginning of the year. Since then, CASA shares have decreased by 55.3% and is now trading at $1.22.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our CASA earnings forecast.

Casa Systems, Inc. (NASDAQ:CASA) released its quarterly earnings results on Monday, November, 1st. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by $0.10. The business earned $99.22 million during the quarter, compared to analysts' expectations of $106.45 million. Casa Systems had a negative net margin of 27.64% and a negative trailing twelve-month return on equity of 140.04%. During the same period in the prior year, the business earned $0.04 earnings per share.

Defiance Next Gen Connectivity ETF holds 696,047 shares of CASA stock, representing 0.37% of its portfolio.

Casa Systems issued an update on its FY 2023 earnings guidance on Tuesday, March, 14th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $300.00 million-$325.00 million, compared to the consensus revenue estimate of $355.68 million.

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

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), Block (SQ) and THOR Industries (THO).

(CASA) raised $78 million in an 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 many different institutional and retail investors. Top institutional investors include Alliancebernstein L.P. (4.48%), Penserra Capital Management LLC (0.76%), Geode Capital Management LLC (0.64%), JPMorgan Chase & Co. (0.50%), Charles Schwab Investment Management Inc. (0.44%) and Renaissance Technologies LLC (0.41%). Insiders that own company stock include Lucy Xie, Michael T Hayashi, Weidong Chen and William C Styslinger III.
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Shares of CASA stock 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.
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One share of CASA stock can currently be purchased for approximately $1.22.

Casa Systems (NASDAQ:CASA) has a market capitalization of $116.94 million and generates $286.54 million in revenue each year. The company earns $-79,210,000.00 in net income (profit) each year or ($0.89) on an earnings per share basis.

The company employs 1,043 workers across the globe.

Casa Systems' mailing address is 100 OLD RIVER ROAD, ANDOVER MA, 01810. The official website for the company is www.casa-systems.com. The company can be reached via phone at (978) 688-6706, via email at investorrelations@casa-systems.com, or via fax at 978-688-6584.