Casa Systems Stock Forecast, Price & News

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

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.

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.
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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.

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.
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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.

Some companies that are related to Casa Systems include Maxar Technologies (MAXR), Cambium Networks (CMBM), Vuzix (VUZI), Brewbilt Brewing (SIML), Loral Space & Communications Inc. (LORL), Harmonic (HLIT), Gilat Satellite Networks (GILT), Sierra Wireless (SWIR), Comtech Telecommunications (CMTL), CalAmp (CAMP), Aviat Networks (AVNW), Osprey Technology Acquisition (SFTW), Ceragon Networks (CRNT), KVH Industries (KVHI) and Airgain (AIRG).
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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), Corus Entertainment (CJREF), Lam Research (LRCX), Advanced Energy Industries (AEIS), KLA (KLAC), SP Plus (SP), Square (SQ) and Thor Industries (THO).

(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.

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

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.

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

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.

Casa Systems employs 993 workers across the globe.

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

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

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]