NASDAQ:CASA Casa Systems - CASA Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Casa Systems, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $1.22 +0.11 (+9.91%) (As of 03/24/2023 12:00 AM ET) Add Compare Share Share Today's Range$1.11▼$1.2350-Day Range$1.06▼$3.9052-Week Range$1.03▼$7.18Volume872,139 shsAverage Volume694,110 shsMarket Capitalization$116.94 millionP/E RatioN/ADividend YieldN/APrice Target$4.00 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Casa Systems MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside227.9% Upside$4.00 Price TargetShort InterestBearish6.81% of Float Sold ShortDividend StrengthN/ASustainability-1.07Upright™ Environmental ScoreNews Sentiment0.70Based on 4 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.29) to ($0.17) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.17 out of 5 starsConsumer Discretionary Sector165th out of 262 stocksRadio & T.V. Communications Equipment Industry12th out of 26 stocks 3.3 Analyst's Opinion Consensus RatingCasa Systems has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $4.00, Casa Systems has a forecasted upside of 227.9% from its current price of $1.22.Amount of Analyst CoverageCasa Systems has only been the subject of 2 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted6.81% of the float of Casa Systems has been sold short.Short Interest Ratio / Days to CoverCasa Systems has a short interest ratio ("days to cover") of 10.9, which indicates bearish sentiment.Change versus previous monthShort interest in Casa Systems has recently decreased by 3.35%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldCasa Systems does not currently pay a dividend.Dividend GrowthCasa Systems does not have a long track record of dividend growth. Previous Next 3.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCasa Systems has received a 47.63% net impact score from Upright. The largest positive contribution comes from its "Knowledge infrastructure" impact, which is mostly driven by its "Corporate internet network provision", "Fixed consumer internet provision", "Telecommunications network installation for 5G networks", "Mobile consumer internet provision", and "Wireless access points" products. See details.Environmental SustainabilityThe Environmental Impact score for Casa Systems is -1.07. Previous Next 2.6 News and Social Media Coverage News SentimentCasa Systems has a news sentiment score of 0.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Casa Systems this week, compared to 3 articles on an average week.Search InterestOnly 5 people have searched for CASA on MarketBeat in the last 30 days. This is a decrease of -58% compared to the previous 30 days.MarketBeat Follows1 people have added Casa Systems to their MarketBeat watchlist in the last 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Casa Systems insiders have not sold or bought any company stock.Percentage Held by Insiders65.10% of the stock of Casa Systems is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions63.03% of the stock of Casa Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Casa Systems are expected to grow in the coming year, from ($0.29) to ($0.17) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Casa Systems is -1.37, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Casa Systems is -1.37, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioCasa Systems has a P/B Ratio of 2.35. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Casa Systems (NASDAQ:CASA) StockCasa Systems, Inc. engages in the provision and development of digital cable video and broadband services. Its products include cable, fixed, mobile, optical, Wi-Fi networks, and Casa access devices. The company was founded by Jerry Guo in 2003 and is headquartered in Andover, MA.Read More Receive CASA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Casa Systems and its competitors with MarketBeat's FREE daily newsletter. Email Address CASA Stock News HeadlinesMarch 24, 2023 | marketwatch.comVirtual Broadband Network Gateway (vBNG) Market 2023, Regional Status and Prospect till 2028March 23, 2023 | marketwatch.comWireless Modems Market | Global Various Tendencies Industry Report 2029March 26, 2023 | Weiss Ratings (Ad)Urgent WarningThis was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …March 22, 2023 | marketwatch.comVirtual Broadband Network Gateway (vBNG) Market Share, Segmentation and Forecast 2023-2028March 17, 2023 | marketwatch.comBroadband Network Gateway (BNG) Market Is Booming Worldwide Forecast 2023-2027March 17, 2023 | marketwatch.comVirtual Broadband Network Gateway (vBNG) Market Is Booming Worldwide Forecast 2023-2028March 17, 2023 | finance.yahoo.comCasa Systems, Inc. (NASDAQ:CASA) Q4 2022 Earnings Call TranscriptMarch 16, 2023 | seekingalpha.comCasa Systems Q4 2022 Earnings PreviewMarch 26, 2023 | Weiss Ratings (Ad)Urgent WarningThis was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …March 15, 2023 | bizjournals.comFounding CEO of Andover tech business to retire as CFO takes interim roleMarch 15, 2023 | msn.comCasa Systems Founder/CEO Jerry Guo Retires, as Cable Tech Vendor Gets Bad News From Tier 1 ClientMarch 15, 2023 | msn.comDubai: Deyaar launches Dh1.1b luxury towerMarch 15, 2023 | marketwatch.comDOCSIS Technology Market Growth and Competitive Landscape 2023-2029March 15, 2023 | benzinga.comCasa Systems shares are trading lower after the company reported Q4 financial results.March 15, 2023 | marketwatch.comPrivate Long-term Evolution Networks Market Top Players and Forecast till 2028March 15, 2023 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Technology Stocks: 8X8 (EGHT), Casa Systems (CASA) and SentinelOne (S)March 14, 2023 | marketwatch.comWireless Modem Market Global and Regional Analysis and Forecast 2028March 14, 2023 | marketwatch.comCasa Systems CEO Jerry Guo to Retire FridayMarch 14, 2023 | finance.yahoo.comCasa Systems Announces CEO Transition and Reports Fourth Quarter and Full Year 2022 Financial ResultsMarch 14, 2023 | marketwatch.comCell Phone Cellular Repeaters Market Application, Product, Sales and Forecast 2023-2028March 14, 2023 | marketwatch.comCMTS & QAM Market Size, Share, Growth, Analysis, Trends and Forecast to 2028March 14, 2023 | marketwatch.comCMTS/QAM Market 2023 Huge Demand, Growth Opportunities and ExpansionMarch 14, 2023 | marketwatch.comCommercial Broadband Network Gateway (BNG) Market Growth, Business Overview and Forecast to 2028March 13, 2023 | marketwatch.com2029 Forecast Cable Modem Market 2023 by Growth Rate, Sparked Innovation with Top PlayersMarch 13, 2023 | msn.comCasa Systems's Earnings OutlookMarch 10, 2023 | bizjournals.com40 Under 40 winner: Shelley BankerMarch 10, 2023 | marketwatch.com5G Core Market Size and Share Expanding worldwide by 2023 to 2029 with Top Key PlayersSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive CASA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Casa Systems and its competitors with MarketBeat's FREE daily newsletter. Email Address CASA Company Calendar Last Earnings11/01/2021Today3/26/2023Next Earnings (Estimated)5/03/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Radio & t.v. communications equipment Sub-IndustryN/A SectorConsumer Discretionary Current SymbolNASDAQ:CASA CUSIPN/A CIK1333835 Webwww.casa-systems.com Phone(978) 688-6706Fax978-688-6584Employees1,043Year FoundedN/APrice Target and Rating Average Stock Price Forecast$4.00 High Stock Price Forecast$5.00 Low Stock Price Forecast$3.00 Forecasted Upside/Downside+227.9%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)($0.89) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-79,210,000.00 Net Margins-27.64% Pretax Margin-27.43% Return on Equity-140.04% Return on Assets-17.53% Debt Debt-to-Equity RatioN/A Current Ratio0.90 Quick Ratio0.65 Sales & Book Value Annual Sales$286.54 million Price / Sales0.41 Cash FlowN/A Price / Cash FlowN/A Book Value$0.52 per share Price / Book2.35Miscellaneous Outstanding Shares95,850,000Free Float33,452,000Market Cap$116.94 million OptionableOptionable Beta1.10 Key ExecutivesJerry GuoPresident, Chief Executive Officer & DirectorLucy XieDirectorEdward DurkinChief Financial OfficerWeidong ChenChief Technology OfficerGibson AngVice President-TechnologyKey CompetitorsLiveOneNASDAQ:LVOAlto IngredientsNASDAQ:ALTOF45 TrainingNYSE:FXLVFlexsteel IndustriesNASDAQ:FLXSRealRealNASDAQ:REALView All CompetitorsInsiders & InstitutionsVoya Investment Management LLCSold 13,690 shares on 2/28/2023Ownership: 0.055%Alliancebernstein L.P.Bought 24,078 shares on 2/16/2023Ownership: 4.478%State of Wisconsin Investment BoardSold 26,541 shares on 2/15/2023Ownership: 0.166%Millennium Management LLCSold 8,905 shares on 2/15/2023Ownership: 0.021%Vestcor IncSold 7,475 shares on 2/15/2023Ownership: 0.010%View All Insider TransactionsView All Institutional Transactions CASA Stock - Frequently Asked Questions Should I buy or sell Casa Systems stock right now? 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. View CASA analyst ratings or view top-rated stocks. What is Casa Systems' stock price forecast for 2023? 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. View analysts price targets for CASA or view top-rated stocks among Wall Street analysts. How have CASA shares performed in 2023? 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. View the best growth stocks for 2023 here. When is Casa Systems' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023. View our CASA earnings forecast. How were Casa Systems' earnings last quarter? 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. What ETF holds Casa Systems' stock ? Defiance Next Gen Connectivity ETF holds 696,047 shares of CASA stock, representing 0.37% of its portfolio. What guidance has Casa Systems issued on next quarter's earnings? 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. What is Jerry Guo's approval rating as Casa Systems' CEO? 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. 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), Block (SQ) and THOR Industries (THO). When did Casa Systems IPO? (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. 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 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. View institutional ownership trends. How do I buy shares of Casa Systems? 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. Compare Top Brokerages Here. What is Casa Systems' stock price today? One share of CASA stock can currently be purchased for approximately $1.22. How much money does Casa Systems make? 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. How many employees does Casa Systems have? The company employs 1,043 workers across the globe. How can I contact Casa Systems? 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. This page (NASDAQ:CASA) was last updated on 3/26/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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